Updated on Mar 27, 2025
Shibam Kumar
MFC: Eligibility, Entrance Exams, Admission 2025, Fees, Colleges, Syllabus, Jobs and Salary
MFC or Master of Finance and Control is a 2-year postgraduate degree that focuses on effective usage of finance and control. It prepares students to explore theories related to investment, stocks, commerce and finances of companies as well as individuals.
The eligibility criteria for doing an MFC course is to have a bachelor's degree in finance, economics, accounting or related discipline with 50% marks from a recognized university. Candidates may have to appear for entrance examination as a part of the admission process.
The average course fee for doing an MFC course in India ranges between INR 30,000-2,00,000 depending on the institute offering the course. Some of the reputed institutes are International Institute of Management and Technology, Mohanlal Sukhadia University, Patna University, Galgotias University.
MFC graduates can work as Finance Manager, Finance & Strategy Associate, Accounts Executive, Financial Risk Analyst, Investment Analyst and many more job roles wherever handling finance is important. They can earn an average salary of INR 3-6 LPA as fresher and INR 8-12 LPA as experienced professionals.
MFC: Course Highlights
| Course Name | Master of Finance and Control (MFC) |
|---|---|
| Level of Study | Post-Graduation/Master’s |
| Duration | 2-year |
| Eligibility Criteria | Completed Bachelor's degree in finance or related stream with minimum 50% marks from recognised university. Candidates may have to give entrance examinations. |
| Entrance Exams | CAT, MAT, CMAT, ATMA, CUET-PG |
| Admission Process | Entrance-Based/Merit-Based. |
| Course Fee | INR 30,000-2,00,000 |
| Colleges/Universities | University of Delhi, Hemvati Nandan Bahuguna Garhwal University, Sambalpur University, International Institute of Management and Technology, Mohanlal Sukhadia University, Patna University, Galgotias University. |
| Average Salary | INR 3-6 LPA (freshers), INR 8-12 LPA (experienced). |
| Job Roles | Financial Analyst, Financial Strategist, Assistant Finance Manager, Finance Manager, Finance & Strategy Associate, Accounts Executive, Financial Risk Analyst, Credit Risk Analyst, Finance Controller, Investment Analyst. |
MFC: Eligibility Criteria
The eligibility criteria for enrolling into Master of Finance and Control program are:
- Have a Bachelor’s degree in finance, economics, accounting or related field with minimum 50% marks from a recognised university.
- Many universities also require candidates to give entrance exams/tests as a part of the admission process.
- The entrance exam/test may be followed by a group discussion and/or interview.
MFC: Entrance Exams
Some of the entrance exams for doing MFC course are given below:
| Entrance Exams | Level | Date of Registration (Tentative) | Exam Schedule (Tentative) | Registration Fees |
|---|---|---|---|---|
| CAT 2025 | National | Aug 2025 | 30 Nov 2025 | INR 1,250 (SC/ST/PWD), INR 2,500 (others). |
| MAT 2025 | National | 24 Dec 2024-2 Mar 2025 (PBT) 24 Dec 2024-9 Mar 2025 (CBT) | 9 Mar 2025 23 Mar 2025 | INR 2,100 |
| CMAT 2025 | National | 14 Nov -25 Dec 2024 | 25 Jan 2025 | INR 2,500 (M), INR 1,250 (F). |
| ATMA 2025 | National | 24 Dec 2024-11 Feb 2025 | 23 Feb 2025 | INR 2000 INR 1500 (F) |
| CUET-PG 2025 | National | 2 Jan-8 Feb 2025 | 13 Mar-1 Apr 2025 | INR 1400 (Gen), INR 1200 (OBC/EWS), INR 1100 (SC/ST/TG), INR 1000 (PwD). |
MFC: Colleges and Fee
Some of the reputed institutions India who are offering Master of Finance and Control course have been listed below:
| College | Course Fee |
|---|---|
| University of Delhi, Delhi | INR 97,000 |
| Hemvati Nandan Bahuguna Garhwal University, Pauri Garhwal | INR 45,000 |
| Sambalpur University, Burla | INR 62,000 |
| International Institute of Management and Technology, Kalinga | INR 1,50,000 |
| Mohanlal Sukhadia University, Udaipur | INR 30,000 |
| Patna University, Patna | INR 1,08,000 |
| Galgotias University, Greater Noida | INR 1,94,000 |
MFC: Admission Process 2025
The admission process for MFC course at International Institute of Management and Technology (Kalinga) is mentioned below:
- Initially, candidates are required to register for national or state-level entrance exams like CAT, MAT, CMAT, or ATMA as applicable.
- They must also complete the application form for the MFC program available on the college's website.
- Next, candidates need to take the entrance exam for which they have registered. The college will select candidates based on their exam rank and prior academic performance.
- Those who are chosen may be called for a personal interview (PI) to assess their knowledge and skills pertinent to the course.
- The final decision will be based on their performance in the PI.
- Candidates who are selected will receive electronic notification from the Board of Management.
- Afterwards, the admitted candidates will need to pay the admission or tuition fees as instructed by the college to secure their place in the MFC program.
MFC: Syllabus
The syllabus for Master of Finance and Control at International Institute of Management and Technology (Kalinga) is given below.
| Semester-1 | Semester-2 |
|---|---|
| Management Concerts & Organisational Behaviour (MCOB) | Management of Financial Institutions (MFI) |
| Economic Analysis for Decision Making (EADM) | Accounting for Managerial Decisions (AMD) |
| Financial Accounting (FA) | Risk and Insurance Management (RIM) |
| Quantitative Techniques for Management (QTM) | Investment Analysis & Equity Research (IAER) |
| Marketing Management (MM) | Merchant Banking and Financial Services (MBFS) |
| Financial management (FM) | International Business (IB) |
| Business and Financial Environment (BFE) | Mutual Fund & Portfolio Management (MFPM) |
| Financial Markets and Instruments (FMI) | Research Methodology & Business |
| Semester-3 | Semester-4 |
|---|---|
| Financial Derivatives & Risk Management (FDRM) | Strategic Financial Management (SFM |
| International Finance (IF) | Corporate Governance and Business Ethics (CGBE) |
| I.T. for Managers (ITM) | Commodity Markers and Futures (CMF) |
| Strategic Management (SM) | Retail Management (RM) |
| Planning & Management (TPM) | Business & Corporate Law (BCL) |
| Services marketing (SM) | Accounting Standards & Corporate Reporting (ASCR) |
| Corporate Restructuring & Financial Engineering (CRFE) | Entrepreneurship & Small Business Management (ESBM) |
| Training Report | Final Project and Viva Voice |
Why study MFC?
The benefits of studying MFC course are:
- Offers comprehensive insight into financial management, analysis, and control systems.
- Prepares individuals for leadership positions within the finance industry and across various sectors.
- Improves competencies in financial decision-making, risk assessment, and investment methodologies.
- Allows for specialization in fields such as corporate finance, financial accounting, and capital markets.
- Aids in the development of robust analytical and problem-solving abilities applicable to intricate financial scenarios.
- Creates pathways to career opportunities in both the private and public sectors, including global corporations.
- Provides practical experience with the financial practices and tools utilized in the industry.
- Equips you with the necessary skills for entrepreneurship and overseeing the financial components of a business.
- Establishes a solid foundation for those looking to obtain advanced certifications or pursue further studies in finance.
MFC: Jobs and Salary
Some of the jobs that are available on job portals like Naukri.com and Indeed for MFC graduates are listed below:
| Job Title | Recruiter | Experience Level | Average Salary |
|---|---|---|---|
| Finance & Strategy Associate | Appvin Technologies | 1 year | INR 3-5 LPA |
| Assistant Finance Manager | Capstone Global | 3-4 years | INR 6-7.5 LPA |
| Senior Finance Analyst | Agilent Technologies | 4-5 years | INR 7-9 LPA |
| Senior Accounts Executive | STEMpedia | 5+ years | INR 10-12 LPA |
MFC: FAQs
What is the primary focus of the MFC program?
The MFC program centers on advanced financial management, control systems, and strategic decision-making within financial markets. It prepares students for leadership positions in both public and private sectors. Core topics include risk management, financial analysis, and investment strategies.
In what ways does MFC differ from an MBA in Finance?
MFC is more focused and provides a deeper insight into financial management and control systems, while an MBA in Finance offers a wider management viewpoint. MFC specifically hones in on finance-related decision-making within organizations.
What skill sets are developed during the MFC program?
Participants develop strong analytical abilities, financial modeling skills, and proficiency in interpreting complex financial information. They also acquire knowledge in risk management, investment strategies, and financial reporting. Communication skills relevant to financial decision-making are further improved.
Can I pursue further education after completing MFC?
Yes, MFC graduates have the opportunity to continue their education, such as pursuing a PhD in Finance or related areas. The comprehensive knowledge acquired during the program also equips students for advanced research positions in academia or industry. Additionally, pursuing further certifications in finance is a viable option.
Is MFC a suitable choice for entrepreneurs?
Yes, MFC provides individuals with the necessary financial skills to effectively manage and expand a business. Entrepreneurs can leverage their understanding of financial controls, budgeting, and risk management to make well-informed business choices and enhance financial performance.
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