The Master of Finance and Control (MFC) Program is an intensive two-year course stretched over four semesters 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.
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.
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. A 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 the MFC program is to develop the expertise of students of Masters of Finance and Control with a special focus on finance, investments, banking, and insurance. The graduates of the 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 a business.
- Prepare the students to better understand the world of finance along with their applications.
- Familiarize the students with the most recent trends in financial decision-making.
1.Experiential Learning (Internship)
Students are required to undertake an internship for practical exposure in the real world of business for a period of 10 weeks. Students are required to submit the Internship Project Report in the prescribed format. The evaluation of students for the Internship will be based on the confidential report of the authorized official of host organizations (40 percent) and a presentation of the internship report in a seminar (60 percent).
2.Graduate Research Project
The students are required to undertake a research assignment and prepare an integrative research project report. It involves the preparation and presentation of a research project of approximately 30,000 words in length which begins with a statement of the problem, a review of the literature, a specification of the research design, and an analysis of data collected and implications of the research. Students are required to attend the viva-voce examination and give a seminar presentation. The weight is given for viva and the research report will be 25 percent and 75 percent respectively. For the evaluation of the research report, the Graduate Research Committee (GRC) at SOMTU will appoint the external examiner.
3.Examination and Evaluation
The performance of students will be evaluated through ongoing in-semester evaluations and semester-end examinations. The FOM shall have the final authority in conducting, evaluating, and awarding grades in semester-end examinations. The course facilitator (instructor) will decide the grades in the in-semester evaluations.
The in-semester (internal) evaluation shall generally have a total weight of 50 percent in class-room based course. The concerned faculty shall be responsible for the continuous in-semester evaluations. The in-semester evaluation shall be based on a student’s performance in-class presentations, case analysis, and project assignments, class tests, and others as required by the course. A student must secure a minimum Grade Point Average (GPA) of 2.7 or Grade B minus (B-) in a course in order to be eligible to appear in the semester-end examination of that course.
A range of assessment methods are used across the course, the choice of which reflects the needs and demands of the different types of the course modules. Some course modules will assess the ability to work collaboratively in a team and others will assess individual capability. Types of assessment will range from examinations to group presentations including essays, reports, financial analyses, literature review, and research-based projects.
The interactive nature of the taught sessions offers opportunities to gain feedback on students’ performance before being formally assessed and increasing use is made of eLearning to further support the feedback process.
The semester-end examinations on course work-related subjects shall have a total weight of 50 percent. The semester-end examination shall be based on problem-solving questions, analytical questions, and case studies, or any other formats as demanded by a course. The duration of the examination shall be 4 hours for 3 credit hour courses and 3 hours for 2 credit hour courses.
This program is an intensive professional program. This program demands a very high level of commitment from students. Students are required to attend regularly all classes and presentations as required by the course. Students failing to attend 80 % of classes shall not be allowed to appear in the semester-end examinations.
The grading system followed in the program will be based on the absolute performance of a student in the in-semester evaluations and semester-end examinations. The performance of a student in the MFC program shall be made on a four-point scale ranging from 0 to 4. The passing grade in the semester-end examination for an individual paper shall be a grade “B minus” or a GPA of 2.7 (55 percent).
In order to pass the semester examination, the student must secure a minimum of Grade “B” or Cumulative Grade Point Average (CGPA) of 3.0. The following table presents the Letter Grade, GPA, percentage equivalent, and Performance Remarks for the program:
Pass in Individual Course
The students shall receive their semester grades and academic transcript grades only in letter grades and GPA scores.
Normal and Maximum Duration of Study
The normal duration and the maximum duration for the completion of the requirements for the various programs are as follows:
Normal duration 24 months (4 semesters)
Maximum duration 48 months (8 semesters)
Failing in Course
Students who do not qualify to appear in the semester-end examinations will have to re-register and retake the course as per the semester cycle. Students who are qualified but failed to appear in the semester-end examinations or fail in the semester-end examination can appear in make-up examinations as per the semester cycle. FOM shall organize chance make-up examinations in the last semester only where a student may appear in 6 courses of the earlier three semesters.
To receive an MFC degree the student must have
- ‘B’ minus or better grade in each of the courses as specified in the curricular structure section;
- Obtained an overall CGPA of 3.0 or better after combining the GPAs obtained in all courses and projects;
- Completed all the course requirements as specified in the curricular structure section within the maximum time period specified in the normal and maximum duration of the study section.
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.
Total number of enrollment quota at Master's of Finance and Control program of Tribhuvan University School of Management (SOM-TU) is 35 (Thirty five) only.
The total fee for the two-year (four semesters) study is Rs. 360,000, apart from the GRP processing fee.
First Semester Fee
Admission fee: Rs. 30,000
Semester Charges & Tuition fee: Rs. 82,500
Payment at the time of admission: Rs. 112,500
Second semester onwards
Semester Charges & Tuition fee: Rs. 82,500
Total fee to be paid from the second semester to the fourth semester Rs. 82,500 per semester
SOMTU will implement the management and finance courses, and project-based classes centered on the study of problem-solving courses through lectures, class and group discussion, case study, project work, workshop, and so on.
First Semester Courses 15 Credit Hours
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: Stati ti and Quantity Techniques for Business 3
Second Semester Courses 16 Credit Hours
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 Informati System 3
MFC 521: Investment Management 2
Third Semester Courses 15 Credit Hours
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 Courses 14 Credit Hours
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