Course Curriculum & Program Overview
In-depth insights into Master of Finance and Control, objectives, and educational framework
The Master of Finance and Control (MFC), is a two years Postgraduate Financial Service Management study program in India. The course is designed to explore basic areas of Managerial, Decision Making, Organizational Behaviour, Managerial Economic, Quantitative Techniques, Financial Accounting, Corporate Law. The master study is suitable for those candidates to have an interest in finance, commerce and other mathematical activities candidates have to keep themselves up to date the knowledge about the subject and current global national financial scenario.
The study equips or develops candidates with requisite knowledge and skills in financial planning decision making and control and techniques, analytical and logical reasoning skill and all the possess excellent verbal and written communication skill to maintain functional financial control.The study is focused on theoretical and practical aspects of Financial Service study in subjects Like Financial Accounting, Quantitative Techniques, Managerial Economics, Marketing Management, Financial System in India, Business Policy and Strategic Financial Management, E - Commerce, Risk Management,Working Capital management, Security Analysis and Portfolio management, International Finance Management.
Eligibility
The candidate who have completed Bachelor Degree, such as Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA) or an Equivalent Examination with minimum 50% marks, such candidates are eligible to take admission in master's study program.Some Institutes conduct entrance exam like Common Admission Test (CAT), which emphasis on Current Business and Financial Environment. The selections are done on merit.Course Duration & Learning Mode
The Master of Finance and Control (MFC), study requires 2 years of the time period in India, It’s a Full Time professional Financial Service Management course. The course is available for part-time, correspondence and under distance education mode.Career Option
The master’s degree holder have an ample career opportunities in field of Financial Services like : Banking and Financial Institution, Investment Banking, Insurance Industry, Mutual Funds, Merchant Banking, Corporate Treasuries, Real Estate and Commodity Market, Research Associates with Economic Consulting Firm. After the successful completion of course one can recognized as Financial Manager, and work as Budget Analyst, Accountant, Equity Research Analyst, Business Analyst, Operations Manager, Personal Finance Consultant, Risk Analyst, Securities Analyst, Money Manager, Investment Banker, etc.Participatory Adult Learning
Master specialized andragogical methodologies tailored specifically for adult learners and non-formal literacy environments.
Curriculum & Program Planning
Design, execute, and monitor vocational and continuous lifelong education modules for community and corporate sectors.
Documentation & Information Networks
Develop professional capacities in cross-sector documentation, research analysis, and educational networking at national and global scales.
Community Capacity Building
Train both in-service personnel and prospective educators to drive inclusive literacy missions and workforce upskilling.
Key Subject Areas & Skills Acquired
Foundational modules and competency areas covered throughout this program
Core Module
Adult Learning Psychology & Andragogy
Understanding cognitive development, motivations, barriers, and learning styles unique to adult students.
Core Module
Program Management & Policy Analysis
National literacy missions, lifelong learning policies, and administrative structures of adult education bodies.
Specialization
Instructional Design & Content Development
Drafting interactive teaching materials, multimedia educational resources, and competency-based assessment toolkits.
Practical / Field
Field Engagement & Community Documentation
On-ground surveys, participant documentation, impact evaluation, and statistical reporting in literacy initiatives.
Core Competencies:
Adult Pedagogy Instructional Design Program Evaluation Literacy Mission Leadership Community Mobilization Grant Writing Lifelong Learning Strategy
Career Opportunities & Job Profiles
Explore high-demand roles, employment sectors, and salary growth potential
Graduates holding a Master of Finance and Control are equipped for diverse positions across educational organizations, non-governmental missions, corporate training departments, and community development programs.
High Demand
Financial Analyst
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Management Accountant
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Cost Accountant
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Financial Controller
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Investment Banker
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Risk Manager
Oversee program logistics, manage instructional staff, coordinate funding, and track participant outcomes.
High Demand
Auditor
Create structured training pathways, instructional materials, and blended learning modules.
High Demand
Business Development Manager
Oversee program logistics, manage instructional staff, coordinate funding, and track participant outcomes.
Top Employment Sectors
Government Literacy Missions State Resource Centres, Directorate of Adult Education
Non-Governmental Organizations National NGOs, UNICEF, UNESCO, community trusts
Corporate Learning & Development Workforce skilling, internal training, CSR initiatives
Vocational & Open Universities Open learning schools, polytechnic extension centres
Salary Expectations
₹3.5 LPA – ₹8.5 LPA
Typical entry to mid-level compensation in India depending on institutional scale, experience, and certifications.
Entry Level (0-2 Yrs) ₹3.0 – 4.5 LPA
Mid-Level (3-5 Yrs) ₹4.8 – 8.0 LPA
Senior / Lead (6+ Yrs) ₹8.5 – 14+ LPA
Eligibility Criteria & Admission Process
Requirements and step-by-step roadmap to enroll in Master of Finance and Control
Minimum Eligibility Requirements
- Qualifying Degree: Bachelor's degree in any discipline (B.A., B.Sc., B.Com., B.Ed., etc.) from a UGC-recognized university.
- Minimum Marks: Typically 45% – 50% aggregate marks in graduation. Relaxation of 5% applies to reserved categories (SC/ST/OBC/PwD) as per government norms.
- Experience / In-Service Criteria: Open to both fresh graduates and in-service working educators, trainers, and NGO staff seeking career advancement.
- Age Limit: Generally no upper age bar for adult education certificate programs, supporting lifelong learning.
Step-by-Step Admission Process
1
Check College Offerings
Review the list of institutions offering Master of Finance and Control and verify deadlines and seat intake.
2
Submit Application Form
Fill out the college application form either online via the university portal or offline at campus.
3
Merit List / Entrance Screening
Admission is primarily merit-based on graduation percentage; some universities conduct brief aptitude interviews.
4
Document Verification & Fee Payment
Submit graduation marksheets, ID proof, photographs, and complete enrollment fee payment.
Top Colleges Offering Master of Finance and Control
Showing 8 verified educational institutions across India
Faculty of Commerce, Banaras Hindu University, Varanasi
Arya School Of Management & Information Technology ASMIT, Bhubaneswar
Khallikote Autonomous College, Berhampur
Thiagarajar College, Madurai
Bundelkhand University, Jhansi
Jai Narain Vyas University: University of Jodhpur, Jodhpur
Osmania University, Hyderabad
Frequently Asked Questions (FAQs)
Clear answers to common questions about Master of Finance and Control
What is the difference between MFC and MBA in Finance?
MFC is a specialized Master's degree focusing deeply on financial control, accounting, and financial management, often more technical. An MBA in Finance is a broader management degree with a finance specialization, covering management principles alongside finance.
What kind of job roles can I expect after completing an MFC degree?
You can expect roles such as Financial Analyst, Management Accountant, Cost Controller, Financial Manager, Auditor, Investment Analyst, and roles in corporate finance and financial planning.
Is GMAT required for all MFC admissions in India?
No, GMAT is not mandatory for all MFC programs in India. Many institutes accept national-level exams like CAT, XAT, or their own entrance tests. GMAT is more commonly considered for international programs or specific institutes.
What is the typical salary range for MFC graduates?
Starting salaries typically range from INR 50,000 to INR 1,20,000 per month, depending on the institute, role, and location. Experienced professionals can earn significantly more, especially in specialized roles like investment banking or financial controllership.
Still have queries regarding admissions or eligibility?
Our academic advisors can guide you through college selection, fee structures, and application forms.