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 the 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 the International Institute of Management and Technology, Mohanlal Sukhadia University, Patna University, and Galgotias University.
Master of Finance and Control 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.
- Master of Finance and Control: Course Highlights
- Why Study a Master of Finance and Control?
- Master of Finance and Control: Eligibility Criteria
- Master of Finance and Control: Entrance Exams
- Master of Finance and Control: Colleges and Fees
- Master of Finance and Control: Admission Process 2025
- Master of Finance and Control: Syllabus
- Master of Finance and Control: Jobs and Salary
- Master of Finance and Control FAQs
Master of Finance and Control: Course Highlights
Mentioned below are the highlights for the MFC course:
Particulars | Details |
Course Name | Master of Finance and Control (Master of Finance and Control) |
Level of Study | Post-Graduation/Master’s |
Duration | 2-year |
Eligibility Criteria | Completed a Bachelor's degree in finance or a related stream with a minimum of 50% marks from a 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 |
Why Study a Master of Finance and Control?
The benefits of studying the MFC course are:
- The course provides people for leadership roles in a variety of industries, including finance.
- It enhances proficiency in risk assessment, investment strategies, and financial decision-making.
- It allows specialization in fields like corporate finance, financial accounting, and capital markets.
- The course provides students with career opportunities in both the private and public sectors, including global corporations.
- Master of finance and control also providdes students with practical experience in the financial practices and tools utilized in the industry.
- The course provides you with the necessary skills for entrepreneurship and overseeing the financial components of a business.
- Master of Finance and Control establishes a solid foundation for those who are looking to obtain advanced certifications or pursue further studies in finance.
Master of Finance and Control: Eligibility Criteria
The eligibility criteria for enrolling in the MFC course are:
- Have a Bachelor’s degree in finance, economics, accounting, or a related field with a minimum of 50% marks from a recognised university.
- Many universities also require candidates to give entrance exams/tests as part of the admission process.
- The entrance exam/test may be followed by a group discussion and/or interview.
Master of Finance and Control: 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 | Till May 25, 2025 | 31 May, 2025 | INR 2,100 |
CMAT 2026 | National | Nov - Dec 2025 | Jan 2026 | INR 2,500 (M)
INR 1,250 (F) |
ATMA 2025 | National | 20 May 2025 | 1 June 2025 | INR 2000
INR 1500 (F) |
CUET-PG 2025 | National | Mar 2026 | Apr 2026 | INR 1400 (Gen)
INR 1200 (OBC/EWS)
INR 1100 (SC/ST/TG)
INR 1000 (PwD) |
Master of Finance and Control: Colleges and Fees
Some of the reputed institutions India that are offering MFC 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 |
Master of Finance and Control: Admission Process 2025
The admission process for the MFC course at the International Institute of Management and Technology (Kalinga) is mentioned below:
Step 1: Students must register for entrance exams at the state or national level, such as the ATMA, MAT, CMAT, or CAT, as appropriate.
Step 2: Students must also fill out the Master of Finance and Control program application form that is accessible on the college's website.
Step 3: 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.
Step 4: Chosen ones would be called for a personal interview (PI) to assess their knowledge and skills pertinent to the course.
Step 5: The final decision will be based on their performance in the PI.
Step 6: Selected candidates will receive an electronic notification from the Board of Management.
Step 7: Afterwards, the admitted candidates will need to pay the admission or tuition fees as instructed by the college to secure their place in the program.
Master of Finance and Control: Syllabus
The syllabus for the MFC course at the 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 |
Master of Finance and Control: Jobs and Salary
Some of the jobs that are available on job portals like Naukri.com and Indeed for Master of Finance and Control 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 |
Master of Finance and Control FAQs
What skill sets are developed during the MFC course?
Students gain knowledge in interpreting complex financial data, strong analytical skills, and financial modelling abilities. Also, they learn about financial reporting, investment strategies, and risk management. Communication abilities that are important for financial decision-making are further enhanced.
Is Master of Finance and Control good for business owners?
Yes, Master of Finance and Control gives people the financial knowledge to manage and expand a business.
What is the main focus of the Master of Finance and Control program?
The Master of Finance and Control program focuses on strategic decision-making in financial markets, control systems, and advanced financial management. Students are prepared for leadership roles in the public and private sectors.Making strategies for investment, analyzing financial situation and management of financial risk are the major subjects in this course.
How does a Master of Finance and Control differ from an MBA in Finance?
Master of Finance and Control is more focused and provides a deeper insight into financial management and control systems, while an MBA in Finance offers a wider management viewpoint. Master of Finance and Control specifically hones in on finance-related decision-making within organizations.
