Full Form: CA, M.Com, CFA, CPA, CPM, CFP, MBE, MFC, MFT

CFP Full Form

A CFP is a Certified Financial Planner. It is a professional certification course. The duration of this course ranges from 6 months to 2 years. The main purpose of this course is to give a deep knowledge for financial planning offered by the Financial Planning Standards Board (FPSB).

The basic eligibility criteria is that the candidate must have passed 10+2 from a recognized board. It is also required by the candidate that he must have cleared CA/intermediate level, CFA, ICWA, CS, etc for applying through challenge status. After clearing any of these courses, the candidate can directly apply for the fifth stage which is Advanced Financial Planning to get the certificate. 

The exam is conducted three times in a year i.e., March, July and November. The course fees range between INR 50,000- 80,000. The scope of this certification is that the candidate can work as a Financial Advisor, Financial Planner, Financial Analyst, Portfolio manager, Mutual Fund Admin, etc.

See: CFP Syllabus

Some of the top recruiters of CFP are Amazon, Dr Reddy’s, Bajaj Finserv, Aditya Birla, BYJU’s, Angel Broking, HDFC Mutual fund, SBI Mutual fund. The average annual salary ranges between INR 4,00,000- 16,00,000 per annum. The highest salary can go up to INR 50,00,000 per annum. 

MBE Full Form

MBE is also known as Master of Business Economics. It is a postgraduate program. The duration of the course is 2 years. It is a course which gives a detailed study of business economics. It helps in Business decision-making by applying the concepts of economic theory and research. This course deals with subjects such as Advanced mathematics analysis, Research methods, Microeconomics and Macroeconomics. 

The candidates who have a bachelor’s degree in any discipline from a recognized university with a minimum aggregate of 50% or above or equivalent CGPA. Candidates belonging to SC/ST/PWD category can get a 5% relaxation. Candidates from a commerce or economics background are preferred for this course.

In order to get enrolled in this program, candidates need to clear the entrance exams such as CAT, CUCET, XAT, SNAP etc. The average course fee for this course is INR 12,000- 1,50,000 per year. Some of the top colleges offering this course are NIMS University, Chandigarh University, DAV College, IIM Ahmedabad, IIM Lucknow, etc. 

See: MBE Syllabus

Some of the top recruiters of MBE are Genpact, Axis Bank, Tech mahindra, Azim premji foundation, RBL , ACM Legal, VIVO, etc. The average annual salary after completing MBE ranges between INR 5,20,000- 10,00,000 per annum. 

MFC Full Form

MFC stands for Master of Finance and Control. It is a 2 year postgraduate program. This course aims at providing In-depth knowledge of Finance and Control including investments, commerce, stocks, and finances of individuals and organizations. It also deals with taxation and other lawful practices and administration. It also provides deep knowledge of various equity management, control, etc.

Candidates who have completed a bachelor’s degree in any discipline but more preferably commerce, economics and business management with a minimum aggregate of 50% or above or equivalent CGPA are eligible for this course.

Admission to this course is done on the basis of entrance exams such as CAT, XAT, SNAP, etc. The MFC course fees of this course is around INR 50,000 - 5,00,000. Some of the top MFC colleges in India are Delhi University, Institute of Professional Studies and Research, vellalar College of Women, etc. 

After completion of this course, candidates can work as a Manager, Investment Banker, Market Analyst, Tax Adviser, Financial Analysts, Budget Analyst etc. Some of the top recruiting agencies are Ernst & Young, Genpact, Infosys, Amazon, Google, HDFC, ICICI, etc. The average annual salary range between INR 2,00,000 - 10,00,000 while the highest salary can go up to INR 

MFT Full Form

MFT is also known as Master of Foreign Trade. It is a 2 year postgraduate program. It deals with foreign trade and international financial management and trade. This course basically deals with import and export, trade of goods and services from different countries. 

Candidates who have completed 10+2 from a recognized board are with a minimum aggregate of 50% or equivalent CGPA irrespective of any stream. Most of the colleges take admission on merit basis and some go for entrance-based admission. Some of the top entrance exams are CAT, XAT, MAT,CMAT etc.

The average course fees range between INR 10,000 - 15,00,000. Some of the top colleges include Fore School of Management, Birla Institute of Technology and Management, Indian Institute of Foreign Trade, Symbiosis School of Management etc.

After completion of this course, the candidate can work as an export marketing manager, marketing manager executive, foreign trade analyst, international sales and marketer, global trade analyst etc . Some of the top recruiters are Walmart, Morgan Stanley, Standard Chartered Bank, HSBC Bank, Citigroup, Goldsman Sachs and many more. The average annual salary ranges between INR 9,50,000 - 18,00,000.