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Management of Business Finance (MBF)
[Two year full time Regular Post Graduate Programme]

MBF is a specialised program in Finance. The program has 33 out of 36 papers with core finance focus. It is the only program in finance in the country with curricula at par with MBA of international standards, based on international experience and the needs of Indian industry. MBF is a 108 credit course.

To develop competent and effective professional managers, to foster intellectual excellence and to teach the latest techniques of finance by fostering independent and creative thinking


Graduation in any discipline from Indian or Foreign recognized university with minimum of 50% marks [45% marks for SC/ST/OBC].

Candidates appearing in the final year Bachelor's examination are eligible to apply. Such Candidates, if selected ,will be given provisional admission subject to their clearing graduation. The certification of the same has to be submitted before 1st Semester exams.

Selection Criteria

Top 3 University Position Holders & College Topper (with Distinction) are exempt from Written Test & are provided with Rs. 20,000 scholarship per semester.

Admission to IIF programs is very rigorous. The admission to regular program is through written test (CAT / XAT / AIMAT / GMAT/GRE (USA)), Group Discussion (GD) and Interview. Candidates who qualify for written test are called for GD and Interview.

Exemption from Written Test :
Graduation / Post Graduation marks [> 75 %] for Engineering / Technical / Science streams & [> 65 %] for Commerce & Arts streams); NRIs, Top three University Toppers, First College Topper & Celebreties in Sports, Arts, Music, Dance & Modelling etc. Candidates exempted from written test are required to take GD and Interview.

The Grades are given on the basis of candidate's past academic records, other achievements, work experience, professional growth positioning and personal interview for all categories of candidates.

NRI/Foreign/Corporate sponsored candidates are exempt from written test. However, all such candidates are required to appear for GD and interview. There is no written test for candidates applying for EMBF and FBA Finance. However, the admission to EMBF & FBA is through interview and GPS.

IIF follows a policy to admit some women candidates, even if their comparative GPS is relatively low but above the minimum cut off point. The admission policy of the Institute takes into consideration a candidate’s total background.

Admission is strictly on merit. Convessing in any form would disqualify a candidate for admission.

Semester Schedule
Semester I &IV
Semester II& V
Semester II&VI
: 1st July :
: 1st October
: 8th January
- 30th September
- 31th December
- 7th April
Ist July

Program Module

The first two semesters are designed to provide the basics of the finance function along wDLP Program Moduleith the other functional areas of management. Highly advanced inputs of Finance are provided in semesters three to six, specializing the future managers in different fields/areas of finance.

At the end of the first year the students undergo Summer/ Experiential training in industrial, business organizations and international agencies. The objective is basically to provide the students with real life exposure which they cannot gain from simple classroom study. They get the opportunity to learn beyond the class room by solving business problems and decision making during the training period.

In the fourth semester the students get an opportunity to apply their classroom knowledge in solving the real world problems faced by the industry. A student is expected to be associated with a corporate house to conduct the study project.

Course Structure
Year I
  Year II

Semester I

Semester IV
101 Accounting for Financial Analysis 401 Management Control Systems
102 Economics for Decision Making 402 Securities & Portfolio Management
103 Quantitative Tech. & Forecasting for Finance 403 Advance Financial Analysis & Risk
104 Computer Applications in Finance 404 Capital Market & Financing
105 Regulatory Framework of Business 405 Financial Services
106 Organisational Behaviour 406 Business Valuation, Mergers & Acquisitions.
  Semester II   Semester V
201 General Studies & Personality Development 501 Corporate Strategy & Business Policy.
202 Macro Economics & Public Finance 502 Insurance Management & Risk Analysis.
203 Operations Research for Finance & Risk Analysis 503 New Financial Models & e- Finance.
204 Human Resource Management 504 Financial Engineering & Risk Management.
205 Marketing Management 505 Project Management, Appraisal & Control.
206 Management Accounting & Control 506 Options, Futures & Financial Derivatives.
  Semester III   Semester VI
301 Financial Econometrics & Equity Research 601 Business Ethics & Corp. Social Responsibility
302 Indian Financial System 602 Management Information System & Control
303 Corporate Finance & Valuation 603 Global Financial System
304 Corporate Tax Planning 604 International Finance
305 Management of Banking & Fin. Institutions 700 Project (equivalent to two courses)
306 Personal Finance & Investment   All courses are 3 credits each.
Course 700 is 6 credits.
Daily & Weekly Financial Review
Bi- Weekly Seminars

Examination Scheme

The examinations are conducted at the end of each semester. Each paper is of 100 marks. Each question paper is divided into five sections. All the sections are required to be attempted by the candidate. Section I is of 15 marks and contains concept test with 15 true/false questions. Section II is of 20 marks and has 10 multiple choice questions. Section III is of 20 marks and has four short answer questions. Section IV is of 20 marks and contains two long answer questions. Section V is of 25 marks and includes a detailed case study.


Fee Structure  
General Category
(Only Indians with Indian Residency)
Admission Fee

Rs. 20,000 (one time fees)

Semester Fee Rs. 1,60,000 (per semester)
Other Categories
(Company Sponsored / NRI / NRI Sponsored / Foreign Candidates)
Admission Fee
US $ 1000 (one time fees)
Semester Fee US $ 8,000 (per semester)

1. Refundable Security Deposit of Rs. 20,000 (interest free) for general category and US$ 1000 (interest free) for other category candidates
2. The fee includes tuition, cost of study material - select text books, test questions and case studies- conduct of semester examinations and subscription to Finance India.

How to Pay Your Fees

All fees are required to be paid before the prescribed dates before the beginning of each semester through a Demand Draft in favour of Indian Institute of Finance payable at Delhi.

Refund of Fees
Fee once paid is not refundable. No application for refund will be entertained under any circumstances
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2002-2003.Copyrights Indian Instiute of Finance.
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