Master of Finance and Control (MFC) is a 2 years course which is offered to students who have completed their graduation or taken its equivalent exam. It is a postgraduate financial service management course, which covers subjects like finance and accounting. The program also has a super-specialization which the candidates can take in the last semester. During the course, students study in financial planning, decision-making and control while familiarising them with the financial and regulatory environment. MFC course covers the lessons in the basic areas of managerial decision-making such as Managerial Economics, Organizational Behaviour, Quantitative Techniques, Corporate Laws, Financial Accounting, etc.
Candidates who have a bachelor degree in finance and control with minimum 50% marks are eligible to pursue this course. Degree must be obtained from a recognised university. There are several specializations available in different areas of finance such as Financial Management, Financial Services, International Finance, International Accounting, Investment Management, Project Appraisal, etc. The duration of the MFC course is two years and its syllabus is divided into four semesters.
Highlights of MFC Course
Master of Finance and Control
Duration of Master of Finance and Control [MFC] Course is Two Years.
No age limit
Subjects corresponding to postgraduate.
Average Fees Incurred
Rs 1 L per annum
Similar Options of Study
M.Com (Finance), MBA (Financial Management), MBA (Finance), B.Com (Accounting & Finance) etc.
Average Salary Offered
Rs 7.94 L per annum
Investment Banking Associate, Senior Finance Manager, Accountant, Senior Financial Analyst, Senior Business Analyst, Financial Analyst, Finance Manager, Operations Manager, Financial Controller etc.
Ernst and Young, The Northern Trust Company, HCL Technologies Ltd, The Goldman Sachs Group Inc, Mahindra and Mahindra Ltd, Equitas Micro Finance, Genpact, HDFC Bank Pvt Ltd, Nomura etc.
MFC course is a two years course which deals with financial and money control. After completion of the course, several career opportunities are available in diverse sectors such as investment banking, equity research, wealth management, corporate treasuries, core banking and insurance, real estate and commodity markets, business and financial counseling, corporate finance, international finance, and merchant banking. The MFC Course imparts the requisite knowledge and skills in financial planning, decision-making, control and many more.
Here we have shown a list of reputed colleges which offers MFC course in India.
NAME OF INSTITUTE
AVERAGE ANNUAL FEES
Regional College of Management
Sai Institute of Paramedical & Allied Science
Udayanath College of Science and Technology
Institute of Media Studies
Institute of Professional Studies and Research
Sambalpur University, Institute of Information Technology
Vellalar College for Women
University of Kashmir
University of Delhi
Here we have described the syllabus of MFC which is break up semester-wise.
Macro-Economic Theory & Policy
Business and Corporate Law
Indian Financial System
Financial Accounting and Reporting
Statistical Analysis for Managers
Information Technology for Managers
Management Information Systems
Project Planning, Appraisal and Control Management
Multinational Financial Management
Tax Planning & Management
Optional Subjects (any Two)
Strategic Financial Management
Derivatives & Risk Management
Mutual Fund Management
Management of Bank Funds
Real Estate Investment Management
Entrepreneurship & Small Business Financial Management
Masters of Finance and Control (MFC) is a career-oriented course as candidates get the opportunity to bag a variety of job roles that they can choose from. Some of the popular employment areas for M.F.C postgraduates are:
The work of an accountant is to prepare capital account entries, asset and liabilities, analyzing and compiling account information and examine financial records. They are responsible for maintaining records of an organization and ensure that taxes are paid on time.
The work of an Investment Analyst to provide stockbrokers, stock market traders and fund managers with financial information, recommendations and advice derived from investment data of entire the world.
The work of Budget Manager is to develop the company’s budget and oversee organizational spending to make sure that is inside the budget.
Business Analyst is responsible to design and modify the business system. They always in interaction and communication with the stakeholders of the business venture and subject matter experts to understand their issues, problems and requirements.
The job responsibility of Financial Analyst is to analyze and examine financial information through creating, collecting and monitoring financial models for decision support, They also improve financial status through analyzing the results, identifying trends monitoring variances, and recommending actions to management.
The average starting salary of a fresher is between Rs.2 lakh to Rs. 5 lakh. Here we have given a table of suitable job profiles for finance and control degree holders with salary their average package:
Average Annual Salary
Rs 2 to 3 Lacs
Rs 3 to 4 Lacs
Rs 8 to 9 Lacs
Rs 3 to 4 Lacs
Rs 9 to 10 Lacs
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20 Feb, 2019
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