MFC (Master of Finance & Control) - Eligibility, Admission, Syllabus, Exams, Salary, Scope

What is MFC (Master of Finance & Control)?

Master of Finance & Control commonly known as MFC is the degree that provides or nurtures students with detailed conceptual and analytical skills of financial decision-making. The lessons in the fundamental areas of managerial decision-making such as behaviour of organization, quantitative techniques, accounting, and laws of corporate, are included under this MFC degree. The course under MFC balances various aspects of finance which leads to its hold over the sector of management. In the modern competitive world, especially in the light of Economic Liberalisation, where the demand for open/free market policy for the corporate sector is very high. Seeing this, the demand for specialised and professional personnel in the finance decision-making process is also high. Keeping the view of the current economic scenario to the corporate world and to cope up with the future strategic parameters the MFC program is designed.

Master of Finance & Control (MFC): Highlights

Advantages of MFC

Wide specialisation opportunities- Master of Finance and Control is one of those degrees which offer the student specialisation in several. Students have the option to choose the specialisation that suits him or her.

Less expensive- A Master of Finance and Control is a degree that is not very expensive. An individual can pursue this degree without investing as much as it is required while pursuing an MBA.

Non-saturated Market- There are not many people who choose to pursue a degree of Master of Finance and Control. Therefore, the market has not been saturated by such students as they are by an MBA graduates. Therefore, someone with this degree is more likely to get noticed and get a job.

Types of MFC

Master of Finance and Control (MFC) is basically a two-year management postgraduate programme that provides aspirants with in-depth knowledge about financial planning and risk management. MFC is a full-time course that is divided into four semesters as it follows the semester system of exams. Candidates can opt for its super-specialization (SS) in the last semester of their study as MFC offers its SS. Candidates who have an interest in finance or accounting can opt for this degree.

MFC Eligibility

Aspirants can go through the below-mentioned criteria of eligibility for an MFC degree. The eligibility criteria are the sets of conditions that an aspirant has to fulfill for granted admission in MFC courses.

• In order to be eligible for the Master of Finance and Control, candidates must have a Bachelor’s degree from a recognized college or university.

• Candidates have to qualify for the qualifying exam by securing a minimum of 50% in aggregate.

• It is mandatory for aspirants to have mathematics as one of the compulsory subjects in class 12th to be eligible for MFC.

• Every institute across the country has its own criteria for MFC eligibility for granting admission. So, aspirants will get admission as per their MFC eligibility conditions.

MFC Admissions

Only on the basis of candidate performance the admission to the MFC programme will be granted. Candidates who are interested in seeking admission to MFC courses have to apply for this after completing their graduation. Various prominent institutes have their admission entrance exam for MFC for which aspirants have to fill out the application form. As per the preferences, applicants can fill out the MFC application form in more than one institute by fulfilling their eligibility criteria and paying the requisite application fee. As per the candidate's performance in the entrance exam for the MFC programme, candidates will have to do further admission formalities as specified by respective institutes. Candidates after fulfilling all admission requirements will be granted admission to the MFC programme of the respective institutes which they applied for.

Top MFC Exams

Candidates can go through the list of top entrance exams conducted for granting admission to Master of Finance & Control courses.

Top entrance examination for MFC

MFC specializations

This MFC course offers specialization in various concepts regarding finance and risk management concepts. Candidates can go through the below-mentioned specialization of Master of Finance & Control.

• Organizational behaviour

• Risk management

• Finance

• Banking

• Statistical analysis

• Taxation

• Finance law

• Marketing

• Computer applications

MFC Courses

The course of MFC is designed for aspirants to get some of the below-mentioned objectives.

• It is provided to offer opportunities for aspirants of different disciplines to join the MFC to be well-equipped with managerial capabilities in their careers.

• To develop the concepts of account, finance, and challenges which they might face in their corporate career.

• To provide every aspirant with managerial competencies which will enable them to manage their future work effectively.

MFC Syllabus

The syllabus for this MFC course is designed for students according to its course curriculum regarding finance and the statistical concept of risk management. The Master of Finance and Control syllabus is divided into four semesters as the degree is of two years. Candidates can go through the semester-wise syllabus of MFC from the table below.

Syllabus for semesters 1 and 2

Syllabus for semesters 3 and 4

MFC roles and salary offered

In the era of modernisation, managing money or controlling its management is one of the biggest things to do. Completing the MFC from a recognised university enables aspirants to earn lucrative salaries as per their performance and caliber of work. There is a huge demand for MFC graduates in both India and abroad. Regular practice and gaining better experience might help you to boost your salary in the financial sector. Candidates can go through the below-mentioned role of jobs along with the average starting salary for that job.

Job roles after MFC

Budget Manager: Budget managers appraise the monetary wants of a corporation, developing budget methods to extend the company's profitableness. The style and implement the company's monetary plans to adjust to legislation and guarantee business growth.

Financial Analyst: An analyst is somebody that makes business recommendations for a company on the basis of analyses, they do the analysis on the factors like market trends, the monetary standing of an organization (or companies) and also the foreseen outcomes of a definite sort of deal.

Investment Analyst: An investment analyst is a person who has expertise in evaluating money and investment data, usually for some constructive purchase, sell and hold recommendations.

Tax Adviser: A tax adviser is a person who has more monetary skills with advanced coaching and information on tax accounting and its law.

Revenue Agent: Revenue agents are the people who review tax returns, conduct audits, determine taxes owed, and collect owed tax payments. They work for federal, regional, and native governments. several works primarily in associate degree workplace

Scope of MFC

Candidates seeking information regarding the scope of MFC can check it below. After successful completion of this MFC course, students should be equipped with a better conceptual understanding and knowledge of finance, taxation, and law regarding it. The course of MFC is career oriented and provides benefits to society also. The career scope is very wide and increasing on a daily basis at a rapid speed. The demand and scope of the MFC course are very high and every aspirant who has completed their post-graduation pursuing this degree will either work with a reputed organisation or can provide their own financial consulting services. The scope of MFC is very high in the financial sector across the country.

Careers Opportunities after MFC

Masters of Finance and Control (MFC) is a career-oriented course in postgraduate as after completing this course, candidates will be available with plenty of job opportunities and can bag any of the job roles of their choice. The jobs and careers in financial control are always on the rise as graduates after pursuing MFC can earn a handsome salary in their respective fields. Interested aspirants who want to transfer their knowledge of finance can work and join colleges as a lecturer or professor.

Candidates after successful completion of the MFC degree can work in various below-mentioned fields of finance.

• Business and Financial Counseling
• Capital and Money Markets
• Core Banking and Insurance
• Corporate Treasuries
• Credit Rating
• Equity Research
• Forex Advisory Services
• International Finance
• Investment Advisory Services
• Portfolio Management
• Real Estate
• Venture Capital
• Wealth Management

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Companies recruiting MFC graduates
Aspirants who want to work with big corporate organizations after completing their MFC degree can go through the below-mentioned list of companies that recruit MFC graduates.

• Google
• Facebook
• Just Dial
• Ernst & Young
• ICICI
• AXIS
• HDFC
• HSBC
• Adobe
• Flipkart
• Amazon
• Amdocks