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

Commerce has some of the greatest after graduation courses that students can choose from. Each course has its own dimensions and is unique in a way that provides in-depth knowledge of finance and accounting. After completing these courses, candidates can go on to become investment banker, cost accountant, financial planner, financial analyst and many more options.

After graduation in Commerce, students have a lot of financial courses to enroll into. These financial courses offer better career opportunities and salaries to the candidates. Many studies Chartered Accountancy while many others may pursue M.Com., CFA, CMA, CPA, IFRS, CS, CWM, etc. Each of these courses have been discussed in detail below for your reference.

CA Full Form is Chartered Accountant. M.Com Full Form is Master of Commerce. CFA Full Form is Chartered Financial Analyst. CPA Full Form is Certified Public Accounting. CPM Full Form is Certificate in Project Management. CFP Full Form is Certified Financial Planner.MBE Full Form is Master of Business Economics. MFC Full Form is Master of Finance and Control. 

MFT Full Form is Master of Foreign Trade. 

CA Full Form Chartered Accountant
M.Com. Full Form Master of Commerce
CFA Full Form Chartered Financial Analyst
CPA Full Form Certified Public Accounting
CFP Full Form Certified Financial Planner
MBE Full Form Master of Business Economics
MFC Full Form Master of Finance and Control
MFT Full Form Master of Foreign Trade

CA Full Form

CA or Chartered Accountancy is a course involving three levels: Foundation, Intermediate and Final level. To get admission to the CA course, the candidate has to qualify for the CA entrance exams. The eligibility criteria for CA is that the candidate should have passed 10+2 from a recognized board with an aggregate of 60%. 

Check: CA Syllabus

The average course fee for the CA course is INR 10,000-40,000 per annum. Some of the top CA colleges are ICAI Noida, Indian Institute of Finance and Accounts, Pune, Loyola College, Chennai, Pearn Accountants, and Kochi. 

Some job profiles of a CA are Financial Manager, Data Analyst, Financial Accountant, Taxation Adviser, Auditing Expert, etc. Some of the top CA recruiters in India are Adani, Reliance, Bharat Petroleum, KPMG, etc. with an average starting salary package of INR 6-10 LPA. 

M.COM Full Form

M.Com. or Master of Commerce is a Postgraduate program of 2 years. Candidates aspiring to pursue the field of finance and accounting prefer to do this course. For MCom admission, ., both entrance exams and merit based admission is available. For merit based admission, candidates must have completed their B.Com. degree from a recognized college with an aggregate of 50%. 

The average course fees for M.Com. ranges between INR 10,000-1.5L. Some of the top colleges for M.Com. are the University of Delhi, Loyola College, Chennai, Christ University, Bangalore, Narsee Monjee, etc. 

Some of the M.Com. job profiles are Cost Accountant, Tax Consultant, Public Accountant, Sales Analyst, Investment Banker, etc. Some of the top recruiters for M.Com. candidates are HDFC, KPMG, Amazon, PwC, and Wipro with an average starting package of INR 5-10 LPA. 

See: MCOM Syllabus

CFA Full Form

CFA or Chartered Financial Analyst is a program offered by a US based institute in India. The duration of the course is 2-4 years. It is one of the most reputed courses in the field of Financial Management and Investment Banking. The eligibility criteria for CFA is a bachelor’s degree from a recognized university with a minimum aggregate percentage. 

The CFA course fees range between INR 2-5L. Some of the top CFA colleges in India are Indian Institute of Business Management and Studies, Bombay, Mansukh institute of financial markets, Delhi, Chartered Financial Analyst Institute, Mumbai. 

Some of the CFA job profiles are Portfolio Manager, Risk Analyst, Research analyst, Investment Banker, etc. Some of the top recruiters for CFA are TATA, Reliance, HSBC, J.P. Morgan and Co., etc. 

CPA Full Form

CPA or Certified Public Accountant is a financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. It is a 1-year course and the eligibility criteria is that a candidate must have a bachelor’s degree from a recognized university. 

The course fees of CPA ranges from INR 3-6L. Some of the top colleges for CPA course are University of Delhi, Christ University, Loyola College, etc. 

Some of the CPA job profiles are Senior Financial Analyst, Risk and Compliance Professional, Accounting, Software Developer, Personal Financial Advisor. Some of the top CFA recruiters are Toptal, Kelly Services, Aerotek, KBW Financial, etc. 

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.

Full Form of CA, MCom, CFA, MFT, CPA, CPM: FAQs

Ques. What is the salary of a CA?

Ans. The average starting salary of a CA ranges between INR 6-7 LPA. This number keeps on increasing with time and experience. The highest salary of a CA can be INR 40-42LPA.

Ques. What does a CPA do?

Ans. CPA or Certified Public Accountant is a financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.

Ques. What are the job profiles after MFT ?

Ans. Some of the M.Com. job profiles are Cost Accountant, Tax Consultant, Public Accountant, Sales Analyst, Investment Banker, etc.

Ques. What does a CFP do?

Ans. A CFP or Certified Financial Planner assists individuals in managing their investments, retirement, insurance, taxes, personal cash flow, etc. 

Ques. Who are the top recruiters for CFA?

Ans. Some of the top recruiters for CFA are TATA, Reliance, HSBC, J.P. Morgan and Co., etc. 

Ques. What does a CA do?

Ans. A CA is one who looks after the finances of the company. He is the one who deals with compliance and tax issues. He files the taxes for the individual or organizations.

Ques. What is the average salary of a CA? 

Ans. The average salary of a CA can range between INR 6,00,000 - 27,00,000. However, this salary is dependent on a number of factors such as skills, experience, knowledge etc. The highest salary of a CA can go more than INR 50,00,000.

Ques. Who are the top recruiters after completing MFT?

Ans.  Some of the top recruiters after completing MFT are Tata Consultancy Services, HSBC Bank, ICICI prudential life insurance, Bajaj Allianz etc. 

Ques. What are the options after completing M.Com?

Ans. There are several options available after completing M.Com. Some of them are mentioned below for your reference 

  • Tax Accountant
  • Company secretary
  • Cost accountant
  • Financial Analyst 

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