MASTER OF FINANCE AND CONTROL (MFC)
Introduction
The Faculty of Management of Tribhuvan University offers a variety of courses in general, functional and sectoral management areas. The mission and objectives of Faculty of Management (FOM) is to contribute to the
development of efficient and capable manpower for the business, government, and social
sectors. FOM is continuously inv
olved in development and upgrading of its curricula, teaching methods, and examination system. Its programs are designed with greater degree of flexibility that allows the incorporation of the latest development in theory and practice of management. It has already launched BBA, BIM, BHM programs at the bachelor level, and MBA, MTS and MASTER OF FINANCE AND CONTROL (MFC). The focused MFC program focuses on specialized areas of management i.e. The program has been designed in a modular format to be implemented over four semesters. Objectives
To develop executives and managers for various areas of economic and social life of the
country with a high level of competence. To develop management professionals and entrepreneurs with a global perspective. To enhance knowledge, managerial skills, and exposure of the practicing managers,
executives, and entrepreneurs. To broaden the outlook of students by inculcating positive attitudes and by assisting
them to become productive and responsible citizens of the world. MFC Program
The vision and mission of MFC program are as under:
Vision
To be a Center of Excellence in business education and research. Rationale
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. 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
1930s, 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. The Semester System
In the MFC program, each course has a certain number of credits assigned to it depending on
its lecture, tutorial and practical work hours in a week. One lecture hour per week per semester
is assigned one credit. That is one credit hour course must include 16 contact hours during the
semester. There will be continuous evaluation of a student's performance through internal evaluation. The
variety of pedagogical methods will be used, such as, on-campus learning through classroom
discussion, presentation, group work, case analysis and guest lecture series, and off-campus
learning through project work, and on-line instructions. The normal duration and the maximum duration for the completion of the requirement for the
program are as follows:
Normal duration: 24 months (4 semesters)
Maximum credit accumulation period: 4 years from the date of registration. 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-governmental organizations and government projects. The program aims to:
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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. Program Features
The general features of the MFC program are:
i. solid foundation of the management concepts,
ii. sound understanding of the managerial tools and techniques,
iii. sound understanding of the tools and techniques required for financial decision making,
iv. competence in financial decision making required
v. confidence in leading and managing their organizations through better financial decision
making. 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 semester 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. Annual Intake:
The annual intake of students will be maximum 70, with twice a year admission of 35 students in
each intake for Fall and Spring Terms. 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. Course Registration:
The admitted students in the MFC are required to register courses at the beginning of each
semester. Curricular Structure:
Course Structure
First Semester Courses 15 Cr. MFC 501: Business Communications 2
MFC 502: Business Communications Practicum 1
MFC 503: Financial Management 3
MFC 504: Managerial and Financial Economics 3
MFC 505: Financial Reporting and Control 3
MFC 506: Statistics and Quantitative Techniques for Business 3
Second Semester Courses 16 Cr. MFC 511: Research Methodology 2
MFC 512: Financial Regulatory Systems 2
MFC 513: Seminar on Emerging Concepts in Finance 1
MFC 514: Organization Behavior and Human Resource Management 3
MFC 515: Accounting for Managerial Decisions 3
MFC 516: Management and Financial Information System 3
MFC 521: Investment Management 2
Third Semester 15 Cr. MFC 533: Insurance and Risk Management 2
MFC 522: Business Environment and Strategic Management 3
MFC 523: Corporate and Multinational Finance 3
MFC 524: Commercial Banking Operations 2
Elective I 2
MFC 625:Internship 3
Fourth Semester 14 Cr. MFC 531: Corporate Auditing and Tax Planning 3
MFC 532: Financial Services Marketing 3
MFC 534: Financial Econometrics 2
MFC 535: Project Analysis Practicum 1
Elective II 2
GRP 701: Graduate Research Project 3
Elective Courses (each course of 2 credit hours)
MFC 601: Advanced Finance Theory
MFC 602: Behavioral Finance
MFC 603: Corporate Mergers and Acquisitions
MFC 604: Cooperatives Management
MFC 605: Financial Derivatives and Risk Management
MFC 606: Financial Services and Wealth Management
MFC 607: Micro Finance and Entrepreneurship
MFC 608: Mutual Funds and Alternative Investments
MFC 609: Real Estate Investment Management
