Master of Financial Management (MFM)
About Master of Financial Management (MFM)
Masters of Financial Management is a career-oriented program and is designed in such a manner that it provides students with the modern as well as historical knowledge of financial and accounting management. It also helps students with no specialised knowledge and skill of financial management to develop a deep understanding of accounting and finance.
It is a two-year program and is best suited for candidates who have always been interested in finance, risk management, project planning and control, economic analysis, marketing analysis, audit, corporate planning etc. Along with the interest in the above subjects, candidates must have good analytical skills and latest knowledge of computer applications.
Master of Financial Management Course Details
| Degree | Masters |
| Full Form | Master of Financial Management |
| Duration | 2 Years |
| Age | There is no upper age limit. |
| Entrance Exam | ATMA, CAT, CMAT, MAT, GMAT, NMAT, SNAP, XAT |
| Subjects Required | Bachelor in Finance or in a relevant field. |
| Minimum Percentage | 50% |
| Average Fees | INR 1 - 7 LPA |
| Similar Options of Study | MBA, MCM, MMM |
| Average Salary | INR 3 - 10 LPA |
| Employment Roles | Finance Manager, Credit Manager, Financial Advisor, Asset Manager, Director of Finance and Administration, Financial Planner, Cost Controller and Corporate Financial Analyst, etc. |
| Opportunities | HCL, Accenture, Deloitte, TCS, Genpact |
Types of Master of Financial Management Courses
Aspirants can pursue the Master of Financial Management course in full-time, distance or part-time mode. Below are the types of Master of Financial Management courses in detail:
Full-Time Master of Financial Management
The full-time Master of Financial Management program is typically for 2 years, during which students will have to attend classes in person, submit assignments, and write their exams on campus. The advantage of a full-time Master of Financial Management course is that students will gain a lot more exposure, experience and knowledge through direct interaction with their peers and faculty.
Part-Time Master of Financial Management
The part-time Master of Financial Management course is designed for students who cannot attend regular classes. Part-time courses either entail weekend or night classes or online classes, depending on the type of course. The advantage of the part-time Master of Financial Management course is that students can pursue this course while simultaneously being engaged in employment, research, etc.
Distance Master of Financial Management
Many universities and colleges in India offer the Distance Master of Financial Management course. The course is designed keeping the Distance Education methodology in mind. This course is designed for students who cannot afford to attend classes on-campus or those engaged in some form of employment and cannot take time out to pursue a full-time course.
Top Master of Financial Management [MFM] Colleges in India
India is home to some of the Master of Financial Management colleges in the world. Aspirants have many options to choose from in terms of the best Master of Financial Management course as per their preferences. Depending on the type of Master of Financial Management programs offered, candidates will have to make the appropriate choice. Below are some of the top colleges in India offering Master of Financial Management courses:
| Sl.No | Name of the College | Average Fees |
|---|---|---|
| 1 | IGNOU, Delhi | INR 20,000 PA |
| 2 | Loyola College, Chennai | INR 2.12 LPA |
| 3 | Christ University, Bangalore | INR 6 LPA |
| 4 | St. Xavier's College, Mumbai | INR 5 LPA |
| 5 | SCDL, Pune | INR 50,000 PA |
| 6 | Delhi University | INR 2 LPA |
| 7 | SRCC, New Delhi | INR 4 LPA |
| 8 | Hindu College, Delhi | INR 2 LPA |
| 9 | NMIMS, Mumbai | INR 2.5 LPA |
| 10 | AIMA, New Delhi | INR 63,000 PA |
Top Master of Financial Management Colleges in New Delhi
India’s capital city is home to some of the best institutions for Masters in Financial Management in India. Check the table below for the top Master of Financial Management colleges in New Delhi:
| Sl.No | Institution |
|---|---|
| 1 | Lady Shri Ram College for Women |
| 2 | Miranda House |
| 3 | Hindu College |
| 4 | Hansraj College |
| 5 | Ramjas College |
Top Master of Financial Management Colleges in Pune
Pune also has some of the best institutions for Masters in Financial Management in India. Check the table below for the top Master of Financial Management colleges in Mumbai:
| Sl.No | Institution |
|---|---|
| 1 | Fergusson College |
| 2 | MCASC |
| 3 | St. Mira’s College for Girls |
| 4 | MES Abasaheb Garware College |
| 5 | Symbiosis College of Arts and Commerce |
Top Master of Financial Management Colleges in Chennai
Tamil Nadu’s capital city is home to some of the premier institutions for Masters in Financial Management in India. Check the table below for the best Master of Financial Management colleges in Chennai:
| Sl.No | Institution |
|---|---|
| 1 | Loyola College |
| 2 | Presidency College |
| 3 | Madras Christian College |
| 4 | Women’s Christian College |
| 5 | Guru Nanak College |
Top Master of Financial Management Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top Master of Financial Management programmes. Check the table below for the best Master of Financial Management colleges in Bangalore:
| Sl.No | Institution |
|---|---|
| 1 | Christ University |
| 2 | Vivekananda Degree College |
| 3 | Jain University |
| 4 | Kristu Jayanti College |
| 5 | Presidency College |
Top Master of Financial Management Colleges in Kolkata
West Bengal’s capital city, Kolkata, has some of the best colleges for Master of Financial Management courses in India. Check the table below for the best Master of Financial Management colleges in Kolkata:
| Sl.No | Institution |
|---|---|
| 1 | Presidency College |
| 2 | St. Xavier’s College |
| 3 | Adamas University |
| 4 | Lady Brabourne College |
| 5 | Jadavpur University |
Top Master of Financial Management Colleges in Hyderabad
The Telangana state capital has some premier institutions in the country for Master of Financial Management courses in India. Check the table below for the top Master of Financial Management colleges in Hyderabad:
| Sl.No | Institution |
| 1 | Nizam College |
| 2 | AV College of Arts, Science and Commerce |
| 3 | Osmania University College for Women |
| 4 | St. Ann’s College for Women |
| 5 | St. Francis College for Women |
Top Master of Financial Management Government Colleges
There are several top Government Colleges offering quality Master of Financial Management programmes across the country. Check the table below for the top Master of Financial Management government colleges in India:
| Sl.No | Institution |
| 1 | Lady Shri Ram College for Women, New Delhi |
| 2 | Loyola College, Chennai |
| 3 | Miranda House, New Delhi |
| 4 | Presidency College, Chennai |
| 5 | Hindu College, New Delhi |
Top Master of Financial Management Private Colleges
India has seen significant growth in the number of quality Master of Financial Management private colleges that offer some of the best programmes in the country. Check the table below for the top Master of Financial Management private colleges in India:
| Sl.No | Institution |
| 1 | St. Xavier's College, Mumbai |
| 2 | Christ University, Bangalore |
| 3 | BML Munjal University, Gurgaon |
| 4 | Madras Christian College, Chennai |
| 5 | Fergusson College, Pune |
Fee Structure for Master of Financial Management [MFM]
The Master of Financial Management course fee is not fixed and depends on many factors. Some of the factors which affect the Master of Financial Management fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average Master of Financial Management course fee in India is around INR 1 - 7 LPA:
| Sl.No. | Name of the College | Total Fee Structure (INR) |
|---|---|---|
| 1. | IGNOU | 32,000 PA |
| 2. | SCDL | 50,000 PA |
| 3. | NMIMS | 2.5 LPA |
| 4. | AIMA | 63,000 PA |
Master of Financial Management Course Comparison
Master of Financial Management is typically catered to students interested in and inclined towards financial management. Below is a comparison of the Master of Financial Management course with other courses:
Master of Financial Management [MFM] vs MBA
The table below showcases the differences between MFM and MBA:
| Course | MFM | MBA |
| Full Form | Master of Financial Management | Master of Business Administration |
| Stream | Commerce | Commerce |
| Course Duration | 2 years | 2 years |
| Eligibility | Postgraduate Degree | Postgraduate Degree |
| Entrance Exams | CAT,MAT,XAT,SNAP,GMAT | CAT, MAT |
| Top Colleges | Loyola College ChennaiChrist UniversitySt. Xavier's College MumbaiSymbiosis Centre for Distance Learning (SCDL) | IIM, PIBM Pune, BIM Trichy |
| Fees | INR 1 - 7 LPA | INR 2 - 30 LPA |
MFM Admission Process
- Admission To The MFM Programme In India Can Vary Depending Upon An Institute's Discretion.
- Many College Admit Candidates Strictly On Merit Basis.
- Some College Conducts Their Own Entrance Exams For Admissions.
- In Any Case, Students' Performance In The Qualifying Examination Is Taken Into Account At The Time Of Final Selection.
Master Of Financial Management (MFM) Eligibility Criteria
To Get Admission In MFA Course, One Must Meet The Following Eligibility Criteria.
- Minimum Qualification Required: Bachelor’s Degree
- Minimum Marks Required: 50% For The General Category And 45% For The Reserved Category.
- Subjects Requirement: Candidates From Commerce Or Finance Background Are Preferred
- Work Experience: Many Universities Require Candidates To Hold At Least Two Years Of Work Experience In Finance Field.
Popular Entrance Exams For MFM
MFM Courses Are Available In All Colleges And Universities According To Their Admission Requirements. Students Who Wish To Apply For Admission To These Top Universities Need To Take A Competitive Entrance Exam. Studying Exam Patterns Can Also Help Students Pass Master’s Degree Entrance Exams. To Be Admitted To MFM Courses, Applicants Must Score Well On Entrance Exams From National, State, And College Programs. There Is A Possibility That Entry Exams And Cutoff Scores May Differ Between Colleges And Universities. The Following Are Some Of The Most Popular MFM Entrance Exams:
- GMAT
- CAT
- MAT
- NIFT
A Quick Glance At The MFM Entrance Exams
In Order To Prepare For The Master In Fashion Management Entrance Exam, Students Should Become Familiar With The Syllabus And Exam Pattern. It Is More Likely That The Students Will Pass Their Entrance Exams. An Entrance Exam Generally Takes The Following Form:
- The Entrance Exam Will Be Administered Online Through A Computer-based Test.
- The Exam Lasts For Two Hours.
- Exams Are Conducted In English.
- There Are Three Sections To The Paper: Data Interpretation And Logical Reasoning, Quantitative Ability, And Verbal Reasoning And Reading Comprehension.
- The Maximum Score For The Exam Is 228 Points.
- Correct Answers Will Receive +3 Marks.
- An Incorrect Answer Will Result In A -1 Mark.
Preparation Tips For MFM Course
A Student Must Be Well Prepared In Order To Enroll In An MFM Course As A Career Option. Following Are Some Tips For Students Seeking Admission To The MFM Course:
Developing A Study Plan: Students Should Prepare A Study Plan If They Wish To Pass Their Tests. Students Who Are Prepared Will Be Able To Reduce Unnecessary Pressure And Receive Adequate Training. Each Student’s Time Should Be Allocated Based On The Strength And Weaknesses Of Each Subject.
Tips For Preparing For The Exam: To Prepare For The Exam, Candidates Should Have A Thorough Understanding Of The Subject Matter. Students Can Understand The Course’s Key Points By Understanding The Basics.
Practice Makes Perfect: To Reduce Unnecessary Pressure On Test Day, A Candidate Should Practice And Take Notes Before The Exam.
Prepare Early: Early Preparation Helps Students Cover All Of The Important Topics And Gives Them Time To Re-examine The Syllabus.
Why Choose Master of Financial Management Course?
When students decide to pursue the Master of Financial Management qualification, they should research Master of Financial Management course details to ensure that they know the course they are enrolled in. Some of the common queries that students encounter are, "What is Master of Financial Management " and "Why Master of Financial Management ?". To understand the answer to these questions, we can make it simpler by breaking it down into the following three short questions: