Master of Finance & Control (MFC) is a degree which is offered to students who have completed 2 years of postgraduate course. This course mainly covers subjects like finance and accounting. The course also has a super-specialization which the students can take in the last semester.

Master of Finance & Control (MFC) degree course includes the training in the very basic areas. This will equip the students with the much needed skills in core areas like:-

• Corporate Laws
• Decision-Making and Control
• Derivatives & Risk Management
• Equity Research
• Financial Accounting
• Financial Management
• Financial Planning
• Financial Services
• Insurance Management
• International Accounting
• International Finance
• Investment Management
• Managerial Economics
• Mutual Funds Management
• Organizational Behavior
• Project Appraisal
• Quantitative Techniques
• Real Estate Investment Management
• Treasury Management, etc.

In some of the universities the few of the latest topics included are:-

• Investment Philosophy
• Investor Psychology
• Mathematics Of Financial Markets
• Technology Valuation

The MFC course offer the students an idea on conceptual and analytical know how for financial decision making.

Advantages or Benefits of Master of Finance and Control

The MFC course provides proper grooming of the students and prepares them for challenging careers in various fields including:-

• Capital and Money markets
• Corporate Finance
• Credit Rating
• Forex Advisory Services etc
• International Finance
• Investment Advisory Services
• Merchant Banking
• Portfolio Management
• Venture Capital etc.

Eligibility Criteria for MFC

The very basic eligibility requirement for taking up a Master of Finance & Control (MFC) course is a graduation degree. Students who have finished their degree in any of the discipline can join the course. Few of the top universities demand a score of minimum of 45 – 50 % of marks in graduation. Some even carry out an entrance exam before selecting candidates to the course.  These institutions will select the candidates purely on the basis of their merit score.

Admission Procedure for MFC

The candidates who are wishing to join the Master of Finance & Control (MFC) course will have to first apply for the course after their graduation. Later an entrance exam will be held in which they must score high marks. There will also be Group Discussion and Personal Interview. If the candidates get through all these process then they will be offered a seat for the Master of Finance & Control (MFC) course.

Top MFC Colleges in India

• Aligarh Muslim University, Aligarh (Uttar Pradesh)
• B N Mandal University Madhepura, Madhipura
• Banaras Hindu University, Varanasi (Uttar Pradesh)
• Bundelkhand University, Jhansi
• C.M.S. College Of Science & Commerce, Coimbatore
• Department of Financial Studies of Delhi University
• Himachal Pradesh University, Shimla (Himachal Pradesh)
• Kurukshetra University, Kurukshetra (Haryana)
• Lakshmi Narayanan Visalakshi College Of Arts And Science, Coimbatore
• Madurai Kamraj University College, Madurai
• Maharshi Dayanand Saraswati University, Rohtak (Haryana)
• Mahathma Gandhi University , Nalgonda
• Osmania University, Hyderabad
• Punjabi University, Patiala (Punjab)
• Rev. Jacob Memorial Christian College, Dindigul
• Sambalpur University, Burla
• Thiagarajar College, Madurai
• University Of Delhi, Delhi
• University of Lucknow, Lucknow (Uttar Pradesh)
• Utkal University, Bhubaneswar
• V.L.B. Janaki Ammal College Of Arts & Science, Coimbatore
• V.P. Muthaiah Pillai Meenakshi Ammal College For Women, Virudunagar
• Veer Bahadur Singh Purvanchal University, Jaunpur
• Vellalar College For Women, Erode

MFC course curriculum

FIRST SEMESTER

• Business Environment and Policy
• Business Organization and Management
• Cost and Management Accounting
• Financial Management
• Management and Organizational Behavior
• Marketing Management

SECOND SEMESTER

• Business Accounting
• Financial Institution and Markets
• Financial Services
• IT and E-Commerce (T+P)
• Management Control & Information System
• Security Analysis and Asset Management

Third Area

• Consumer Protection
• Elective Paper
• Marketing of Financial Services
• Project Management
• Quantitative Techniques for Business Decisions

FOURTH SEMESTER

Elective Paper    

• International Finance
• PROJECT WORK
• Tax Planning and Audit Control
• Taxation

MFC Course Evaluation

The Master of Finance & Control (MFC) course evaluation is mostly done by carrying out a semester examination. There will also be internal assessment, presentation, project work, internships, Seminars, Viva Voce etc in the evaluation method.

MFC Text Books

• “Accounting Theory” by Lele & Jawaharlal, Himalya Publishing Company, New Delhi, 2005.
• “Management Accounting” by Sharma RK & Shashi K. Gupta, Kalyani Publishers, New Delhi, 2003.
• A Guide to Indian Capital Market, by Agarwal, New Delhi
• An Introduction to Financial Management, by Solemen Ezra & Pringle John. J, Prentice Hall of India (P) Ltd. New Delhi
• Economic Environment of Business by S.K.Misra & V.K.Puri, Himalaya Publishing House
• Essentials of Management, by DubrinThomson
• Financial Management, by Van Horn, James C, Prentice Hall of India (P) Ltd. New Delhi
• Financial Markets and Institutions, by Gursamy S, Thomson.(2004)
• Fundamental of Financial Management, 10e Thomson, 2006.
• Global Economy and Business Environment, by Eugene Brigham & Erhardt, Himalaya Publishing House
• Globalization -  liberalization and privatization of public enterprises , by Prof. Laxmi Narain, Sultan Chand & Co.
• Indian Capital Markets, by Avadhani, Himalaya Publishing House
• Indian Economy, by I S.K.Misra &V.K.Puri, Himalaya Publishing House
• Indian Financial System, by Machiraju, H.R, Vikas Publishing
• Indian Financial System, by Vasant Desai, Himalaya Publishing House
• Introduction to Information Technology, Wiley India
• Investment Analysis and Portfolio Management, by Reilly, Thomson
• Management Accounting, by Hansen & Mowen, Thomson, 2007.
• Management Control Systems, by Anthony and Dearden TMH
• Managerial Accounting, by Louderback, Thomson, 2005.
• Marketing Management, by Czinkota
• Marketing Management, Ramaswamy & Namakumari
• Marketing Planning  and Strategy, by Jain
• Organisation Theory and Design, by Thomson
• Organisational Behaviour, 10e, by Hellriegel, Thomson 2006.
• Organizational Behavior, by Fred Luthans, Me Graw Hill, New Delhi.
• Organizational Behavior, by Robins P.Stephen & Judge
• Principles of Information Systems
• Principles of Management, by Koontz & O’Donnel, TMH
• Principles of Marketing, by Philip Kotler, Pearson/PHI 2007
• Risk Management and Derivatives, by Stulz
• The Management Process,by Davar R.S Rustam

What to do after MFC?

Master of Finance & Control (MFC) degree will act as a base for excellent career opportunities in diverse sectors. Students who have completed this course will get opportunities to work in different organizations like:-

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

At present there are rapid evolutions and changes happening in the financial sector. This course will help the students to have a career in this field which offer them a lucrative salary.

Job and Career options for MFC

There are plenty of job opportunities available for Master of Finance & Control (MFC) graduates. Some ofA the job profile they can explore includes:-

• Accountant
• Auditor
• Budget Analyst
• Business Analyst
• Corporate Analyst
• Equity Research Analyst
• Financial Analyst
• Investment Banker
• Investments Analyst
• Market Analyst
• Marketing Manager
• Money Manager
• Operations Manager
• Personal Finance Consultant
• Revenue Agent
• Risk Analyst
• Securities Analyst
• Tax Advisor
• Employment Areas:
• Banking and Financial Institutions
• Business and Financial Consulting Firms
• Core Banking and Insurance
• Corporate and International Finance
• Corporate Treasuries
• Credit Rating Agencies
• Depository Services and Stock Broking
• Economic Consulting Jobs
• Equity Research
• Finance, Commerce and the Banking Sectors
• Financial Consultancy and Advisory Services
• Import / Export Companies
• Indian Economic Services
• Insurance Industry
• Insurance Management
• Investment Analysis
• Investment Banking
• Leasing
• Merchant Banking
• Money and Capital Markets including Stock Exchanges
• Mutual Funds
• Portfolio Management
• Project Appraisal
• Real Estate and Commodity Markets
• Research Associates with Economic Consulting Firms
• Risk Management
• Treasury Operations and Management

Various Corporate Sectors in their Marketing and Finance Departments

• Venture Capital
• Wealth Management

Remuneration after MFC

Students who have completed Master of Finance & Control (MFC) course have huge demand in India as well as abroad. During the early stages of their joining, students cannot expect high salaries. But with reasonable practice and experience in this field, the candidates will become capable to have an earning from above Rs.15000 – Rs. 50000 a month.

It is also possible for Master of Finance & Control (MFC) students to get jobs abroad. Furthermore, the chances for them to draw good pay package than Indian counterpart are also pretty high.