Overview
The Master of Finance and Control (MFC) is a postgraduate degree program designed to equip students with advanced knowledge in financial management, accounting principles, and strategic control mechanisms. This comprehensive course aims to develop professionals capable of managing complex financial operations and decision-making in various corporate environments.
Quick Highlights
| Duration | 2 Years |
| Level | Masters Degree |
| Eligibility | Bachelor's Degree (min 50-60%) |
| Entrance Exam | CAT, XAT, GMAT, specific institute exams |
| Avg Fees | INR 4,00,000 - 10,00,000 |
| Sarkari Jobs | Limited |
Why Study This Course?
Market Demand:
High/10
- Develops a strong foundation in financial analysis, corporate finance, and accounting.
- Enhances strategic decision-making skills for financial control and management.
- Prepares graduates for specialized roles in finance, accounting, and risk management.
- Offers exposure to international financial practices and regulations.
Who should study?
This course is ideal for aspiring financial analysts, controllers, auditors, investment bankers, and corporate finance managers who have a bachelor's degree in commerce, economics, statistics, mathematics, or engineering and want to specialize in finance and control for advanced career opportunities.
Eligibility & Admission
Minimum Qualification:
A Bachelor's degree in any discipline with a minimum aggregate score of 50% to 60% from a recognized university.
Entrance Exams
| Exam Name |
Conducting Body |
| Common Admission Test (CAT) |
Indian Institutes of Management (IIMs) |
| Xavier Aptitude Test (XAT) |
XLRI Jamshedpur |
| Graduate Management Admission Test (GMAT) |
GMAC |
| Institute Specific Entrance Exams |
Various Universities/Institutes |
Top Institutes
Selection Criteria:
Entrance exam scores (CAT, XAT, GMAT, Institute-specific), academic record, work experience, group discussion, and personal interview.
Government Hubs
| Government Institutes |
| University of Delhi (Department of Financial Studies) |
| Jawaharlal Nehru University (Finance concentration) |
| Various State Universities with Commerce/Management faculties. |
Notable Private Hubs
| Government Institutes |
| Indian Institute of Management (IIMs) - particularly those with specialized finance programs |
| XLRI Jamshedpur |
| Symbiosis International University (SIU) |
| Narsee Monjee Institute of Management Studies (NMIMS) |
| Amity University |
Top Cities Offering This Course
Delhi
Mumbai
Bangalore
Kolkata
Chennai
Pune
Ahmedabad
Gurgaon
Career Opportunities
Private Sector Scope
Top Industries: Banking and Financial Services (BFSI),
Consulting Firms,
Manufacturing,
IT andITES,
Retail,
Aviation
| Role | Approx. Salary (INR Per Month) |
|---|
| Financial Analyst | 60,000 - 1,20,000 |
| Financial Controller | 1,00,000 - 2,50,000 |
| Investment Banker | 1,50,000 - 4,00,000+ |
| Risk Manager | 80,000 - 1,80,000 |
| Management Accountant | 70,000 - 1,30,000 |
Government Sector Jobs
Graduates are eligible for exams conducted by:
Public Sector Banks (e.g., SBI, PNB),
Insurance Companies (e.g., LIC),
Regulatory bodies (e.g., SEBI),
Government Audit Departments
| Role | Approx. Salary (INR Per Month) |
|---|
| Account Officer | 50,000 - 80,000 |
| Finance Executive | 55,000 - 90,000 |
| Auditor | 45,000 - 75,000 |
IndCareer Editorial Take
Ideal Candidate:
A candidate with a strong analytical aptitude, numerical skills, an interest in financial markets, and a desire to excel in positions requiring financial oversight and strategic control.
Critical Checks before Admission:
- Verify degree recognition and UGC approval.
- Check faculty experience and industryConnect.
- Research placement records and alumni network strength.
- Compare curriculum with industry-relevant skills.
Common Misconceptions:
That MFC is solely an accounting course; it integrates finance, control, and strategic management significantly.
State-Specific Note:
Availability and reputation of MFC programs can vary significantly by state, with major hubs concentrated in Maharashtra, Delhi NCR, Karnataka, and West Bengal.
Content Accuracy: This content is
curated by experts and verified against current educational standards. While we strive for
accuracy, fees and admission criteria may vary by institute. Please verify with official
sources.
