Master of Finance and Control (MFC)
Jan 01, 1970
With the increase in liberalization, privatization, and globalization around the globe, the economic, business, and financial activities have increased tremendously over a period of time in almost all the nations of the world. It has created many opportunities in the area of trade, industry, commerce, finance, investment and allied areas but at the same time it has also brought many challenges. Basically, competition has increased much more in business and businesses have been employing recent graduates to meet the ever increasing competition. Over the last one hundred years’ of modern financial history, sudden economic distresses and financial crises of varying magnitudes have occurred in practically every continent. These crises were concerned with overpricing of stock market and bank runs of 1930's, underestimation of country default risk & overpricing of sovereign debt, overpricing of housing sector and housing bubble, overpricing of investment instruments, frequent asset-liability mismatch, separation of ownership and control, creation of artificially high leverage through unregulated mortgage backed securities and credit default swaps etc. The common threats were leverage creating the risk, inadequate mitigation of risk by the market forces, asymmetric information and severe mis-pricing of risk and over-pricing of risky assets. In order to deal with issues, there is a need for specific type of manpower in the market, mainly, finance focused manpower. To fulfill the gap, the Faculty of Management, Tribhuvan University has designed Master of Finance and Control (MFC) program with the objective of producing managers who are equipped with the latest managerial principles and techniques with a special focus on financial issues so enabling them to meet challenges created by recent business trend.
Program Objectives of the MFC
The basic objective of MFC program is to develop expertise of students of Masters of Finance and Control with a special focus finance, investments, banking, and insurance. The graduates of MFC program will be able to serve as finance officers in different banks & financial institutions, business firms, non-government organizations and government projects. The program aims to:
• Provide students with a sound knowledge of basic concepts and principles of managing business with a focus on financial decision making.
• Enable the students to acquire financial decision making skills required for managing business.
• Prepare the students to better understand a world of finance along with their applications.
• Familiarize the students with the most recent trends in financial decision making.
The general features of the MFC program are two years full time professional program; focused master program in finance and control; well design course structure; highly qualified professors; developing professionals in financial control; and preparing leaders for financial institutions
Duration of the Course:
The Master of Finance and Control (MFC) Program is an intensive two – year course stretched over four semester of full time study, with every academic year having two semesters. After the completion of the program a student will be awarded Master of Finance and Control (MFC) by Tribhuvan University.
Total Credit Hours:
The MFC program consists of a total of 62 credit hours comprising foundation courses, management core courses, finance core courses and elective courses. The program also includes graduate seminars and practicum courses. Students must undertake Internship Project during the third semester and Graduate Research Project (GRP) during the fourth semester.
Academic Sessions and Duration of the Term:
The MFC program normally requires four semesters to complete. The duration of the term will be of 16 class weeks excluding examinations and tests. A concerned college/institute may run the program on full-time or part-time schedules.
Student intake for the MFC program will be ones a year. The spring intake will begin from the month of December for the February – June semester. In each intake SOMTU will admit a total of 35 students (30 for regular students and 5 allocated for the Corporate Sponsored and Foreign student quota). Corporate and foreign students must secure a minimum of 60 percent in the written entrance test (SOMAT) in order to be placed in this quota.
The regular class for the program is arranged between 12:00 AM to 5:00 PM through Sunday to Friday.
Admission Requirements and Procedure
Eligibility: Anyone having a bachelor degree or equivalent with 15 years of formal education (12 years of schooling and three years of graduation) in any discipline with minimum 45 percent of the aggregate marks or 2.0 Cumulative Grade Point Average in undergraduate level can apply for admission to MFC. Admission to the program is based on academic records, recommendations, scores on entrance test and performance in the personal interview and group discussions. The entrance test may be computer based or manual with essay/case writing and/or individual presentations.
Admission Process: The admission process in the MFC involves submission of complete application form, two letters of recommendations, transcripts of all previous degrees (Bachelor, Certificate and SLC) and along with payment of admission test fee within the date specified.
SOM shall conduct a four stage admission tests for appropriate screening of applicants. The applicants shall be screened in each of the stages.
• Written test: This test will be based on the SOMAT format. The duration of the test will be 3 hours and 30 minutes.
• Group discussion: Groups discuss on a given topic. Performance of applicants is recorded by a panel of judges based on leadership, logic, and conclusions.
• Individual presentation: Applicants present their views and opinions on a given topic to the panel of judges.
• Personal interview: Personal interview to measure applicants motivation level, attitude and capability to handle the pressure and rigors of the MBA program.
SOM has the final authority in selecting the students for the program.