Master of Finance And Control [MFC]

Embrace Opportunities in Financial Management Through an MFC Course


The Master of Finance and Control (MFC) is a specialised postgraduate program designed to provide students with advanced knowledge and skills in finance, accounting and financial management. This comprehensive course equips students with the necessary expertise to excel in various roles within the finance industry, including corporate finance, investment banking, financial analysis, risk management and financial consulting.

The MFC program typically covers a wide range of subjects related to finance, accounting, economics and management. Students delve into topics such as financial markets, investment analysis, portfolio management, financial statement analysis, corporate finance, derivatives, international finance and financial risk management. They also learn about financial reporting standards, taxation, auditing and regulatory frameworks governing financial markets and institutions.

One of the key highlights of the MFC program is its practical orientation and emphasis on applied learning. Students engage in case studies, simulations, projects, and internships to gain hands-on experience and real-world exposure to financial decision-making, investment analysis, financial modelling and strategic financial management. They learn how to analyse financial data, evaluate investment opportunities, assess financial risks and make informed financial decisions in a dynamic business environment.

Moreover, the MFC program integrates theoretical knowledge with practical insights and industry perspectives through guest lectures, seminars, workshops and industry interactions. Renowned faculty members, experienced practitioners and industry experts share their insights, experiences and best practices with students, enhancing their understanding of contemporary issues, trends and challenges in finance and accounting.

The MFC program also focuses on developing students' analytical, quantitative, problem-solving, communication, and leadership skills, which are essential for success in the finance profession. Students are encouraged to think critically, analyse complex financial problems, communicate their findings effectively and work collaboratively in team settings.

Upon completion of the MFC program, graduates are well-prepared to pursue rewarding careers in various sectors, including banking, financial services, investment management, consulting, corporate finance, insurance and government agencies. They can explore job opportunities as financial analysts, investment bankers, financial managers, risk managers, financial consultants, portfolio managers and corporate treasurers, among other roles


The core subjects of a Master of Finance and Control (MFC) course typically cover a wide range of topics related to finance, accounting, economics and management. Here are some common core subjects you might encounter in an MFC program:

  • Financial Management
  • Financial Accounting
  • Managerial Accounting
  • Investment Analysis and Portfolio Management
  • Financial Markets and Institutions
  • Corporate Finance
  • Derivatives and Risk Management
  • Financial Modeling and Analysis
  • International Finance
  • Corporate Governance and Ethics

Practical Learning

Practical learning is an integral component of the Master of Finance and Control (MFC) course, designed to provide students with hands-on experience and real-world exposure to financial management, analysis and decision-making processes. Here are some key aspects of practical learning in the MFC course:

  • Case Studies 
  • Industry Projects and Internships
  • Financial Research and Presentations
  • Financial Software and Tools Training
  • Guest Lectures and Industry Workshops
  • Financial Planning and Consulting Clinics

Course Curriculum

The course curriculum for a Master of Finance and Control (MFC) program typically spans a duration of two years and encompasses a comprehensive range of subjects related to finance, accounting, economics and management. Here is a brief outline of the course curriculum: 

First Year 

  • Financial Accounting
  • Managerial Economics
  • Quantitative Methods for Business
  • Business Communication
  • Organisational Behaviour
  • Financial Management
  • Investment Analysis and Portfolio Management
  • Corporate Finance
  • Financial Markets and Institutions
  • International Finance
  • Advanced Financial Accounting
  • Financial Statement Analysis
  • Accounting Information Systems
  • International Accounting Standards
  • Microeconomic Theory
  • Macroeconomic Analysis
  • Managerial Decision Making
  • Business Strategy and Policy
  • Statistical Methods for Business
  • Operations Research
  • Quantitative Techniques in Finance
  • Data Analysis and Visualization

Second Year 

  • Derivatives and Risk Management
  • Financial Modeling and Forecasting
  • Behavioural Finance
  • Fixed Income Securities
  • Banking and Financial Services
  • Mergers and Acquisitions
  • Private Equity and Venture Capital
  • Real Estate Finance
  • Budgeting and Forecasting
  • Cost Accounting and Control
  • Performance Measurement and Evaluation
  • Strategic Cost Management
  • Corporate Governance Principles
  • Business Ethics and Corporate Social Responsibility
  • Legal Aspects of Business
  • Taxation and Tax Planning
  • Risk Management and Insurance
  • Project Finance
  • Financial Econometrics
  • Independent Research Project in Finance
  • Thesis Writing and Presentation
  • Research Publication Preparation

Top Institutes

In India, several institutes offer Master of Commerce (M. Com) programs with specialisations in Taxation, providing quality education and training in the field of taxation. While rankings may vary based on different parameters, here are some top institutes known for their M. Com Taxation courses:

  • Delhi University (DU) - Department of Financial Studies
  • Aligarh Muslim University, Uttar Pradesh 
  • Indian School of Business (ISB), Hyderabad
  • Institute of Professional Studies and Research, Jharkhand 
  • Kurukshetra University, Haryana 
  • Sri Dev Suman Uttarakhand University, Uttarakhand 

Career Growth

After completing a Master of Finance and Control (MFC) course, individuals have the potential for significant career growth in various sectors of the finance industry. Here’s how career progression typically unfolds for MFC graduates:

  • Entry-Level Positions
  • Specialisation and Expertise Development
  • Mid-Level Management Roles
  • Leadership and Strategic Roles
  • Entrepreneurship and Consulting
  • Networking and Industry Involvement
  • International Opportunities
  • Mentorship and Leadership Development



The Master of Finance and Control (MFC) course offers a broad scope with diverse opportunities for career advancement and professional growth in the field of finance. Here’s an overview of the scope of the MFC course:

  • Finance Industry Opportunities
  • Global Career Opportunities
  • Industry Demand
  • Continuous Learning and Development
  • Entrepreneurship and Consulting
  • Networking and Industry Connections
  • Leadership Opportunities

Pros & Cons

Pros of pursuing an MFC Course:

  • Specialised Knowledge
  • Financial Stability
  • Industry-Relevant Curriculum
  • Networking Opportunities
  • Professional Development
  • Global Perspective

Cons of pursuing an MFC Course:

  • Competitive Admission Process
  • Financial Investment
  • Limited Specialisation Options
  • Changing Industry Dynamics