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Mumbai University

speciality: Accounting & Finance

3.7

What is an Accounting & Finance degree?

An Accounting & Finance degree focuses on the management of monetary resources available to an organization. Such a degree is aimed at students who want to pursue careers in investment analysis, management, banking, auditing, consulting and financial management. It teaches students how to assess the assets and liabilities of an organization financially and manage the financial risk of their activity.

Accounting & Finance covers the core areas of financial accounting, management accounting and finance but also includes other aspects of the business activity, such as financial management and control, corporate finance, company accounts, investment and business law. Optional module options provided by different universities around the world often allow students to specialize in a particular area such as auditing, taxation, etc.

Benefits of an Accounting & Finance degree

The completion of an Accounting & Finance degree comes along with numerous benefits. Students develop strong analytical, critical-thinking and problem-solving skills, which are highly demanded by employers in both the private and the public sector and result in graduates often finding employment in large multinational organizations that offer professional services such as PwC, KPMG and Deloitte. On top of that, established companies around the world offer excellent and well-structured graduate schemes, which help Accounting & Finance graduates to kick-start their careers.

Accounting & Finance degrees are mostly practically oriented. They allow students to put the knowledge and skills they acquire on a daily basis to practice through simulated and real-life business accounts management and work placement opportunities.

Most Accounting & Finance degrees are professionally accredited by professional bodies, such as ACCA, AIA, CIMA, ICAEW and CIPFA, which provides students with the opportunity to become chartered accountants. Students gain professional qualifications in accountancy, which eliminates the need for additional certifications after graduation.

Due to the nature of the Accounting & Finance Degree, which complements business-related subjects, students often have the opportunity to complete a joint honours degree.

Accounting & Finance Degree Structure

An Accounting & Finance degree’s duration varies depending on the country and degree level. In some countries, such as the United Kingdom, Bachelor’s degrees in Accounting & Finance can be completed in three years. However, universities also offer students the option to take a sandwich course, which allows them to undertake a year-long placement between their second and third year, which extends the course to four years. Four years is the regular time of completion of this degree in other countries, such as the United States.

The first year of a Bachelor’s degree in Accounting & Finance introduces the core principles of accounting and finance, including financial accounting, management accounting and finance as well as economics and business law. The second year’s focus is usually on managerial and business economics, financial control, corporate finance and company accounts, but optional modules might enable students to pursue their interests in other aspects of Accounting & Finance such as auditing or strategic business analysis. At this point, students studying at Higher Education Institutions in the UK could choose to take an industry placement in order to apply the theoretical concepts and the acquired knowledge to practice in the professional environment. The next stage of this degree is dedicated to further-developing students’ knowledge of financial and management accounting. Optional modules might enable students to specialize in a particular area of their choice such as auditing or taxation in some countries like the UK.

Masters’ degrees in Accounting & Finance usually take between 12 and 18 months to complete depending on the country that students choose for their studies. 

Research-based degrees, such as MPhil and PhD, can take anywhere between 1 and 7 years depending on the country and type of degree. MPhil degrees in Accounting & Finance in the UK usually take 12 months if it is studied full-time and 24 months for part-time studies. PhD degrees in the UK, on the other hand, take about 36 months to complete if studying full-time and 72 months for a part-time program. In the US, students may be required to dedicate between 4 and 7 years on their degree.

7 Student Reviews

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  • BCom
    avatar
    All in One for Education

    One of the best universities in Maharashtra, India. I have completed my graduation from the University. Staff is good and helpful. Its one of the largest university with over 5 lac students and 700 affiliated colleges spread across.

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    Programme: BCom
    Degree: Bachelor's
    Graduation: 2008
    Delivery Type: On Campus
    Campus: Mumbai
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  • BCom
    avatar
    University highlight

    Mumbai university is an average uni in india it has a good location and in a good city it is located but the If you have any other alternative to Mumbai University, please take it. I have been a student of Mumbai University of 5 years and I have regretted being a student of the University every day. I have done course under Mumbai University- BCom The university only focuses on mechanical methods of teaching. There is no emphasis on the practical aspects of knowledge, as most of the syllabus taught for most of the courses hardly has any practical significance. The syllabus isn’t even updated regularly.Their website is pathetic. It takes ages to load, and simple things which require 5 mins of your time will take hours to be done. I have my Semester exam in a month, and I’ve been trying to submit one form since the past 4 days, but to no avail. The website is super slow, so good luck filling out exam forms and checking your results.The examination department is also very inefficient. Because of their counting error, I was wrongly declared as “Failed” in one of my my university papers. The revaluation process after that was also very inconvenient, as I had to continuously visit the University Campus in Kalina regularly for 8 months. The people working there are more interested in chatting and wasting time rather than doing actual work. Their entire revaluation process is lengthy and inefficient. I continuously kept going to the campus with no changes in my marks, until one day I decided to stay back the whole day and get the work done from the concerned people. A simple process which hardly took a day took 8 months of my time. It was a realy harrowing experience for me. The people at the University Campus aren’t helpful either.
    Overall, the syllabus isn’t exactly great, the exams are hellish, the website is the worst I have ever seen, the revaluation procedure is pathetic, and the University as a whole is highly inefficient. They’re not contributing to education, they’re just selling degrees.

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    Programme: BCom
    Degree: Bachelor's
    Graduation: 2019
    Delivery Type: On Campus
    Campus: Mumbai
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  • Accounting and ...
    Finance
    avatar
    I was expecting better things

    Honestly I expected to learn a lot more than what I did, no one really cared about us students and even though I tried to ask for help often the professors would just disregard me completely only because I had a bad attention.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2022
    Delivery Type: On Campus
    Campus: Mumbai
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  • Accounting and ...
    Economics
    Priyank
    Student life and extra curricular activities

    I would recommend this college mainly for its great events and clubs. The faculty is average. Academics in the college are also average. The student life is good. The campus is not that great but the location is fine.

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    Programme: Accounting and Economics
    Degree: Bachelor's
    Campus: Mumbai
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  • International Financial ...
    Markets
    Jay
    Massive University.

    The university deals with a huge number of the population. Students enrolled into various colleges affiliated to the university is massive. No doubt there is a lack in technology used, but the syllabus for undergraduate courses is vastly covered. The education system is better than others as exams bring in some serious level of learning and implementation.
    The final year projects are great to work on.
    The key essential element is the vast variety of courses offered across the state of Maharashtra. The faculty in colleges can be upscaled a bit , but they put in 1000% efforts to ensure education and right skills are developed.
    Infrastructure of colleges is impressive as colleges house nearly 18000 students into just 7 stories building.

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    Programme: International Financial Markets
    Degree: Bachelor's
    Graduation: 2019
    Campus: Mumbai
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  • Accounting and ...
    Finance
    avatar
    It's good

    Professional management, good. Curriculum, good track record, innovative ..no doubt it is one of the best in the country and also in Asia. It is a very old university and many eminent people have passed through this university… I am sure in years to come it will reach a new milestone.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 1989
    Campus: Mumbai
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  • Accounting and ...
    Finance
    Ankit
    Discipline

    MU covers a good syllabus with very good professors.
    MU also provides a platform to show your extra talent like dance, music, drama, singing etc. MU arranges special sessions for all these things.
    I give 4 star out of 5 because of compulsory attendance.

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    Programme: Accounting and Finance
    Degree: Bachelor's
    Graduation: 2014
    Campus: Mumbai
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