Update on 15 Dec, 2022
5 min read
MFC Course: Master of Finance and Control (MFC) is a 2 years course that 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 financial planning, decision-making, and control while familiarizing themselves with the financial and regulatory environment. MFC course covers lessons in the basic areas of managerial decision-making such as Managerial Economics, Organizational Behavior, Quantitative Techniques, Corporate Laws, Financial Accounting, etc.
Candidates who have a bachelor's degree in finance and control with a minimum of 50% marks are eligible to pursue this course. A degree must be obtained from a recognized 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.
➜ Degree: Masters
➜ Full-Form: Master of Finance and Control
➜ Duration: The duration of the Master of Finance and Control (MFC) Course is Two Years.
➜ Age: No age limit
➜ Minimum Percentage: 50%
➜ Subjects Required: 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
➜ Job Roles: Investment Banking Associate, Senior Finance Manager, Accountant, Senior Financial Analyst, Senior Business Analyst, Financial Analyst, Finance Manager, Operations Manager, Financial Controller, etc.
➜ Placement Opportunities: 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 that 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, and 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.
There are given some Master of Finance and Control job opportunities for the graduates:
Here we have shown a list of reputed colleges which offers MFC course in India.
|Name of the Institute||City||Average Annual Fees|
|Regional College of Management||Bhubaneswar||Rs 1,00,000|
|Sai Institute of Paramedical & Allied Science||Dehradun||Rs 77,100|
|Udayanath College of Science and Technology||Cuttack||Rs 29,000|
|Institute of Media Studies||Bhubaneswar||Rs 80,000|
|Institute of Professional Studies and Research||Cuttack||Rs 1,90,000|
|Bundelkhand University||Jhansi||Rs 42,000|
|Sambalpur University, Institute of Information Technology||Orissa||Rs 60,000|
|Vellalar College for Women||Erode||Rs 5,042|
|Thiagarajar College||Madurai||Rs 27,890|
|University of Kashmir||Srinagar||Rs 17,000|
|Gulbarga University||Gulbarga||Rs 15,575|
|University of Delhi||Delhi||Rs 20,000|
Here we have described the syllabus of MFC which is broken up semester-wise.
|1st Semester||2nd Semester|
|General Management||Services Marketing|
|Managerial Economics||Macro-Economic Theory & Policy|
|Business and Corporate Law||Indian Financial System|
|Financial Accounting and Reporting||Financial Analysis|
|Statistical Analysis for Managers||Quantitative Techniques|
|Information Technology for Managers||Management Information Systems|
|Financial Management||Investment Analysis|
|Management Accounting||International Accounting|
|3rd Semester||4th Semester|
|Strategic Management||Project Planning, Appraisal and Control Management|
|International Finance||Multinational Financial Management|
|Tax Planning & Management||Equity Research|
|Financial Services||Project Study|
|Portfolio Management||Optional Subjects (any Two)|
|Strategic Financial Management||Insurance 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 popular employment areas for MFC postgraduates are:
Top Recruiting Companies:
Following is the list of a few job profiles after the MFC Course:
The work of an accountant is to prepare capital account entries, assets, and liabilities, analyze and compile account information and examine financial records. They are responsible for maintaining records of an organization and ensuring 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 the entire world.
The work of the Budget Manager is to develop the company’s budget and oversee organizational spending to make sure that is inside the budget.
A business Analyst is responsible to design and modify the business system. They always interact and communicate with the stakeholders of the business venture and subject-matter experts to understand their issues, problems, and requirements.
The job responsibility of a 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.
Other Job Profile:
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 and their average package:
|Job Position||Average Annual Salary|
|Accountant||Rs 2 to 3 Lacs|
|Budget Manager||Rs 3 to 4 Lacs|
|Business Analyst||Rs 8 to 9 Lacs|
|Financial Analyst||Rs 3 to 4 Lacs|
|Investment Analyst||Rs 9 to 10 Lacs|
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