MASTER OF FINANCE AND CONTROL
The pioneering Two-year (full-time) Master of Finance and Control (MFC) Programme was launched bythe University of Delhi in the year 1987-88 when a group of visionaries at the South Campus foresaw
challenges that the winds of liberalization would throw up and envisioned the need for trained and
specialised finance professionals. The MFC programme emerged as a highly successful professional
programme in terms of students’ response and industry acceptance considering the quality of placement
of its students over the years. The transformation from the controlled and regulated economy to the
liberalized and globalised one since the early 1990’s brought about a sea change in the Indian financial
environment implying both challenges and opportunities for finance academics as well as professionals.
In recognition of the emerging challenge and as its response to reorient the MFC programme to the
unfolding opportunities, the University of Delhi, established the Department of Financial Studies in
1994. The Department, which is the first of its kind in India, provides the necessary infrastructural
umbrella for servicing the MFC programme in tune with the requirements of the emerging liberalised
and globalised financial sector of the country.
MINIMUM ELIGIBILITY REQUIREMENTS
The minimum eligibility requirements for MBE and MFC
Programmes are: Graduate (under 10+2+3) in any discipline
with at least 50% marks, from the University of Delhi or
any other University recognised as equivalent thereto, with
Mathematics/Business Mathematics at Class XII level. Students
appearing in the final year of Bachelor’s Degree examination in
2012 can also apply.
Note: The selected candidates must submit their final year
results of Graduation by September 15, 2012 or a date as will
be specified the University of Delhi in this regard, failing which
their admission will be automatically cancelled.
Candidates must ensure that they satisfy the above eligibility
conditions before applying. If, at any stage of the admission
process, a candidate is found ineligible, his/her application will
be cancelled immediately – no queries/clarifications shall be
entertained in this regard. The Departments’ decision in this
regard will be final.
RESERVATION
The Department will follow University Norms regarding
reservation of seats for SC/ST, OBC, Physically Challenged
candidates and Children/ Widows/Wives of the Officers and
Men of the Armed Forces including Para-Military Personnel
killed/disabled in action at wars. Admissions of the candidates
to the programmes eligible under reserved categories will be
subject to verification of relevant certificates (e.g. caste/medical
certificate). Admission of the candidates under the Physically
Challenged Category will be subject to medical examination
by the University Approved Medical Board. Failure to appear
before the Board will result in cancellation of their application.
Foreign students studying in Indian Universities are required to
apply through CAT. In addition to the number of seats specified
for these programmes, supernumerary seats are available for
foreign students. All foreign students need to apply through
the Dean, Foreign Students c/o Faculty of Management
Studies, University of Delhi, Delhi-110007 (for further details
visit http://www.du.ac.in). Those foreign students, who are not
required to appear for the CAT, will be short-listed on the basis
of their GMAT and TOEFL latest scores. All foreign students
are required to meet the requirements as specified by Dean,
Foreign students plus any other as prescribed by the concerned
department for the programmes.
SELECTION PROCEDURE
Selection of candidates would be based on CAT (Common
Admission Test, conducted by the IIMs) and candidates’
educational backgrounds.
CRITERION FOR SHORT-LISTING FOR GD/PI
• Candidates from General category should have at least 90
percentile in CAT to be shortlisted for GD/PI.
• Sectional cutoffs in CAT percentile results would be further
applied for short-listing General Category candidates for
GD/PI.
• Short-listing will be done on the basis of candidates’
CAT percentile and marks scored in Class X and Class XII
Examinations.
• Candidates with the following undergraduate degrees will
receive extra weightage:
o B. A. (Hons.) (Business Economics)
o B. A. (Hons.) (Economics),
o B. Com. (Hons.),
o BBE,
o BBS and
o BFIA.
The following weightage-system will be followed for shortlisting for GD/PI:
CAT Percentile - Weightage – 75%
Marks obtained in Class-X - Weightage – 10%
Marks obtained in Class-XII - Weightage – 10%
Marks obtained in Mathematics/Business Mathematics in
Class-XII Examination - Weightage – 2.50%
Candidates with the above mentioned Graduate Degrees -
Weightage – 2.50%
The short listed candidates shall be called for Group Discussion
(GD) and Personal Interview (PI).
CRITERION FOR FINAL SELECTION
Final selection will be based on CAT Scores, Marks scored
in GD and PI, and Marks Scored in Class X and Class XII
Examinations.
The following weightage-system will be followed for shortlisting for final selection:
CAT Score - Weightage – 60%
Marks obtained in Class-X - Weightage – 5%
Marks obtained in Class-XII - Weightage – 5%
Marks obtained in Group Discussion - Weightage – 10%
Marks obtained in Personal Interview - Weightage – 20%
Please Note:
• The GD process will be common for all students applying
for MBE and MFC programmes, while the PI will be held
separately for each Programme.
• Candidates called for group discussion and interview shall
bear travel and other incidental expenses themselves.
• In all cases, the decision of the Admission Committee shall
be final.
HOW TO APPLY
The candidates can apply online at http: www.mbe-du.org &
http://www.mfc.edu. Also, they can buy Admission Brochures
at a price of Rs.1,000 (for SC/ST/PC at Rs. 500) for one
programme, and Rs. 1,700 (for SC/ST/PC at Rs. 800) for two
programmes from Department of Business Economics, Room
No.229, University of Delhi, South Campus, Benito Juarez Road,
New Delhi 110021.The application form duly completed can be
submitted here latest by December, 12, 2011 (Forms will not
be accepted on Saturday, Sunday and Holidays).
The Admission Brochure can be requested through post by
sending a Demand Draft in favour of “Director, University
of Delhi South Campus” payable at New Delhi of Rs. 1800/-
(Rs. 900/-for SC/ST/PC) for two programmes and Rs.1100/-
(Rs.600/- for SC/ST/PC) for a single programme.
AGE REQUIREMENTS
The candidate should be minimum of 20 years on 1st October
in the year in which admission is sought.
FEE PAYABLE
At present students selected to the MBE Programme are
required to pay Annual Fees of Rs12,361/- and MFC students
are required to pay Annual Fees of Rs. 12,811/- at the time of
admission. Foreign students would have to pay Annual Fees as
per university rules. The Fee structure may be revised from time
to time by the University.
In case of withdrawal from the Programme before the
commencement of classes, fee will be refunded after deductions
as per University Rules. No fee shall be refunded in case
withdrawal from the Programme after the commencement of
the classes.
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