Bachelor of Accounting and Finance (BAF)- Scope, Fees, Eligibility, Jobs & Salary

Edited By Sofiya | Updated on March 7, 2024
  • Duration
    3 Years

What is Bachelor of Accounting and Finance (BAF)

The Bachelor of Accounting and Finance is an undergraduate degree course designed to provide students with a thorough understanding of accounting, finance, taxation, and auditing. It is a three-year programme available at colleges and universities throughout India. In India, after the BAF programme, students get a variety of careers, including accountants, financial analysts, tax consultants, auditors, and banking professionals. Additionally, students are instructed in the use of accounting software and financial analysis tools. Depending on the institution and university for choosing the BAF course. In general, candidates can apply if they have a 10+2 education... Read More

Bachelor of Accounting and Finance (BAF) Admission Criteria

In India, application requirements for Bachelor of Accounting and Finance (BAF) programmes vary by university or institution. But most colleges and universities have a similar process for letting students in, which includes the steps below:

  • Educational Qualification: Candidates must have completed their 10+2 education from a recognized board with math, economics, and business studies, as mandatory subjects.
  • Minimum Marks: The minimum marks required in 10+2 to be eligible for admission into the BAF program is 50% for general category students and 45% for SC/ST/OBC candidates.
  • Age Limit: There is no specific age limit to apply for admission into the Bachelor of Accounting and Finance (BAF). However, candidates must fulfill the age criteria as specified by the respective universities or colleges.
  • Entrance Exams: Some universities or colleges may conduct an entrance exam for admission into the Bachelor of Accounting and Finance (BAF). Some of the common entrance exams are university-level entrance exams and state-level entrance exams.
  • Merit-Based: Some universities or colleges may offer admission based on merit as well. In such cases, the admission is offered based on the candidate’s performance in 10+2.

Bachelor of Accounting and Finance (BAF) Eligibility

  • Educational Qualification: Candidates should have completed 10+2 or its equivalent examination from a recognised board or university.
  • Minimum Marks Required: Candidates should have secured at least 50% of the total marks in their qualifying examination.
  • Subject Requirements: Candidates should have studied commerce, mathematics, and English as mandatory subjects in their 10+2 or equivalent examination.
  • Age Limit: There is no age limit for admission to the BAF course.

Bachelor of Accounting and Finance (BAF) Entrance Exams

In India, some colleges offering BAF programmes may not require students to take an entrance exam for admission. Typically, these colleges select students based on their academic performance on qualifying examinations, such as the 10+2 or equivalent. However, many reputable colleges may still require applicants to complete an entrance exam. The main objective of these entrance exams is to assess a candidate's problem-solving, aptitude, critical reasoning, and communication/ language skills. Here is the list of entrance exams conducted by some colleges and universities:

National Level Entrance Exams

CAT (Common Admission Test)
State Level Entrance Exams

CET(Maharashtra Common Entrance Test), DUET (Delhi University Entrance Test), GUJCET ( Gujarat Common Entrance Test), WBJEE (West Bengal Joint Entrance Examination), KCET ( Karnata Uttar Pradesh State Entrance Exam).
University Level Entrance Exams

MAHCET (Mumbai University Common Management Entrance Test), DU JAT (Delhi University Joint Admission Test), SET ( Symbiosis Entrance Test), CUET ( University Entrance Test).

Bachelor of Accounting and Finance (BAF) Fee Structure

In India, the fee structure for BAF programmes in government and private colleges can vary considerably depending on the institution's reputation, location, infrastructure, and facilities. In general, government colleges charge less for BAF programmes than private colleges. Here is a comprehensive overview of the BAF fee structure in India's government and private colleges. The total cost for three years ranges between INR 20,000 and INR 2 lakh per year.

Courses after Bachelor of Accounting and Finance (BAF)

Students who have completed a BFA programme in India can choose from a variety of courses to further their education in finance and acquire specialised skills in their chosen field. Continuing education in this profession can lead to increased employment opportunities and career advancement. The courses available after a BAF are intended to provide students with advanced knowledge and specialised skills in a variety of business domains, including finance, marketing, human resources, operations, etc. Here... Read More
MBA

MBA Finance, MBA Marketing, MBA Business Analytics, MBA Operations Management, MBA International Business, MBA Information Technology, MBA Entrepreneurship.
MSc

MSc in Accounting and Finance, MSc in Financial Management, MSc in Banking and Finance, MSc in Investment Management, MSc in Business Analytics.

Career Opportunities after Bachelor of Accounting and Finance (BAF)

A Bachelor of Accounting and Finance offers many public and private sector job possibilities. Here are some career opportunities in both the government and private sectors.

Careers in the Private Sector

  • Financial Analyst: A financial analyst analyse financial data and advise clients on investments. Annual salary: INR 3–10 lakhs.
  • Auditor: An auditor checks financial statements for accuracy and legality. Annual salary: INR 2–8 lakhs.
  • Tax Consultants: Tax consultants help individuals and businesses plan, prepare, and file taxes—annual salary: INR 3–10 lakhs.
  • Investment Bankers: Investment bankers help companies and banks with mergers, acquisitions, and other financial transactions. Annual salary: INR 10–25 lakhs.
  • Management Accountants: Management accountants help managers make strategic business decisions by analysing financial data. Annual salary: INR 3–10 lakhs.
  • Risk Analyst: Risk analyst assess and manage financial risk for individuals and organisations. Annual salary: INR 3–8 lakhs.
  • Financial Planners: Financial planners advise clients on investments, insurance, and retirement. Annual salary: INR 3–10 lakhs.
  • Credit Analysts: Credit analysts evaluate individuals and businesses’ creditworthiness and recommend loans and credit lines. Annual salary: INR 3–8 lakhs.
  • Corporate Accountants: Corporate accountants report on and budget company finances. Annual salary: INR 3–10 lakhs.
  • Securities Analysts: Securities analysts analyse financial markets and securities to make investment recommendations. Annual salary: INR 3–10 lakhs.

Careers in the Public Sector

  • Accountant: Accountants keep company financial records and prepare financial reports. Indian accountants earn INR 3–4 lakh annually.
  • Tax Assistants: Tax assistants help prepare tax returns and conduct tax research for their company. Tax assistants in India earn INR 2–3 lakhs annually.
  • Auditors: Auditors check financial statements and ensure compliance with financial regulations. Indian auditors earn INR 3-5 lakhs annually.
  • Financial Analysts: Financial analysts analyse financial data and advise companies on investment decisions. Indian financial analysts earn INR 4-6 lakhs annually.
  • Budget Analysts: Financial analyst create and manage an organisation’s budget. Indian budget analysts earn INR 4-6 lakhs annually.
  • Investment Bankers: Investment bankers advise clients on investments. Indian investment bankers earn INR 8–12 lakh annually.
  • Financial Planners: Financial planners help people and businesses manage their finances. Indian financial planners earn INR 3-5 lakhs annually.
  • Treasury Managers: Treasury managers oversee cash flow and investments. Indian Treasury managers earn INR 10–15 lakhs annually.
  • Cost Accountants: Cost accountants analyse costs and create company budgets. Indian cost accountants earn INR 3-5 lakhs annually.
  • Financial Managers: Financial managers oversee an organisation’s finances and create financial strategies. Indian financial managers earn INR 8–12 lakh annually.

Bachelor of Accounting and Finance (BAF) Scope, Salary & Employers

The Bachelor of Accounting and Finance (BAF) is a widely known undergraduate programme in India that offers numerous opportunities in the business and management fields. Here is a summary of the BAF’s scope, salary, and employers in India:

  • Scope: BAF is a versatile course that prepares students for various roles in the corporate world. BAF graduates can work in areas such as marketing, finance, management, human resources, operations, and more. They can also pursue higher education in management or entrepreneurship.
  • Salary: The salary of a BAF graduate may vary based on experience, location, and employer. The average annual salary for a fresh BAF graduate in India ranges between Rs. 2.5 lakh and Rs. 5 lakh. With 2-3 years of experience, BAF graduates can expect a higher salary range of around Rs. 5 lakh to Rs. 8 lakh per annum. However, with advanced skills and expertise, the salary can go up to Rs. 20 lakh or more per annum.
  • Employers: BAF graduates can find employment in a range of industries such as banking, finance, e-commerce, FMCG, hospitality, and more. Some of the prominent employers for BAF graduates in India are multinational corporations such as Deloitte, KPMG, EY, PwC, and Amazon; Indian corporations such as TATA, Reliance, Infosys, and Wipro; and start-ups such as Ola, Swiggy, and Zomato.

Required Skills for Bachelor of Accounting and Finance (BAF)

To excel in a Bachelor of Bachelor of Accounting and Finance (BAF) programme, students must possess a combination of hard and soft skills. Here are some of the essential skills required for a BAF:

  • Strong mathematical and analytical skills
  • Good communication skills
  • Proficiency in accounting and finance concepts
  • Attention to detail
  • Time management skills
  • Problem-solving skills

FAQ (Frequently Asked Questions)

What are the different types of BAF courses offered in India?

BAF (Hons), BAF (General), BAF (Professional), BAF (Banking and Insurance), and BAF (Computer Application) are the BAF courses offered in India.

Are BAF courses in India recognised by the government?

The University Grants Commission (UGC) and the government of India both approve of BAF courses.

Can BAF courses in India be pursued through distance learning?

Yes, some universities in India offer BAF courses through distance learning modes.

Is the BAF course equivalent to the B.Com. course?

No, the BAF course is not equivalent to the B.Com. course. While both courses focus on commerce and accounting, the BAF course has a more specialised curriculum that emphasises accounting and finance.

Is BAF a good course for a career in finance?

Yes, BAF is a good course for a career in finance. The course covers various subjects that are essential for a career in finance.

What is the examination pattern for the BAF course?

The examination pattern for the BAF course may vary from college to college. Typically, the course has two semesters in each academic year, and the evaluation is done through a combination of internal assessments, assignments, and semester-end exams.
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