Bachelor of Accountancy and Finance is referred to as BAF. After completing senior high school, students can follow this three-year program. The BAF courses are offered by numerous colleges in India. This post will cover a variety of topics, including BAF eligibility, entrance exams, career prospects, salaries, and more.
Latest Updates of BAF:
1st October, 2024: The AMUEEE Counseling Schedule for Different Courses released.
1st October, 2024: BHU-UG Mop-up Round Schedule Out
2nd October, 2024: AILET 2025 Enrollment is Now Open
BAF Full Form: Comprehensive Overview
BAF Full Form stands Bachelor of Accountancy and Finance, a three-year undergraduate program which covers specialized knowledge in accounting and finance as well as taxation, auditing, financial management, risk management, managerial economics, and other areas.
Candidates must have a minimum aggregate of 50% or higher in any discipline during their class 12th in order to pursue the BAF. Typically, admission to BAF is determined by both entrance requirements and merit.
Must Read: Association of Chartered Certified Accountants(ACCA)
BAF Top entrance exams include CUET, SET, NMIMS NMAT, IPU CET, LPU NEST, and so on. For the full duration, the average BAF fee is between INR 11000 and 1,50,000. Applicants may find work as risk analysts, marketing managers, tax consultants, financial analysts, accounting analysts, financial risk managers, and so on.
Before going forward, watch -
Following is a table with some of the fundamental BAF details -
| Particulars | Details |
| BAF Degree | Undergraduate |
| BAF Full form | Bachelor of Accountancy and Finance |
| BAF Duration | 3 years |
| BAF Eligibility | Candidates must have completed class 12th from a recognized board with minimum aggregate of 50% or above |
| BAF Average Fees | INR 20,000- 1,50,000 |
| BAF Average Salary | INR 3.50 L - 8.10 LPA |
| BAF Employment Roles | Accountant, Tax Policy Analyst, Revenue Agent, Financial Risk Manager, Financial Consultant, Marketing Manager, Risk Analyst, etc. |
| BAF Top Recruiters | Accenture, Infosys, Wipro, HDFC Bank, Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), etc. |
BAF Admission Process
The BAF course admissions are made on the basis of both entrance and merit. Applicants need to verify their eligibility requirements, including minimum percentages and qualifications. Applicants must complete the application by providing all requested information, including contact details, educational background, and personal data. It is necessary for candidates to affix the necessary paperwork and cover the necessary costs.
However, mostly admissions are handled based on entrance exams. Top entrance exams for BAF include CUET, SET, IPU CET, DU JAT, NMIMS NMAT, LPU NEST, and so on. Upon passing the admission exam, candidates will need to wait for the colleges to release the merit. According to the institution's policies, counseling will be held after that for the subsequent admissions process.
BAF Eligibility Criteria
The candidate must meet specific requirements in order to be eligible for BAF Admission. The requirements for eligibility may differ amongst various institutions. Candidates should thus confirm that they meet the requirements before submitting a BAF application. Here is a list of eligibility requirements for BAF admission process -
- Candidates must have passed the class 12 or comparable examinations from an Indian board that has earned accreditation in any subject.
- Applications for a Bachelor of Accountancy and Finance are only accepted from candidates who have scored 50% or higher.
- Applicants must pass the entrance exam. Merit-based admissions are also accepted at some colleges.
- Depending on the institute, certain courses like accounting, economics, or mathematics might be required as a pre-requisite.
- The candidate's age must be between 17 and 25 years old at the latest.
BAF Entrance Exams
In order to get admission to BAF courses, candidates must pass entrance exams. Below are some of the most competitive entrance exams along with all dates for your reference -
BAF Exam Structure
- Every entrance exam consists of multiple-choice questions that evaluate your ability in a variety of areas, including general knowledge, logical reasoning, arithmetic, and English language proficiency.
- Depending on the exam, the length can vary between two and three hours.
- Every right response carries a set number of points, while wrong responses could result in a deduction in score.
BAF Course Syllabus
The six semesters of the Bachelor of Accounting and Finance program comprise an extensive syllabus. Risk management, taxation, accounting, and finance are all covered in the course. There are elective and core subjects in the course. While international taxation, wealth management, marketing services, and other subjects are elective, the core subjects include financial accounting, cost accounting, management accounting, business law, and corporate business, among others.
The BAF semester-by-semester syllabus is listed below -
Semester I | Semester II |
Foundational Cost Accounting-I | Business Communication-II |
Business Environment | Special Accounting Areas- I |
Micro- Economics | Financial Accounting-II |
Foundation Course-I (Commercial Environment) | Business Regulatory Framework- I |
Financial Accounting-I | Indirect Taxation-I |
Business Communication-I | Quantitative Methods for Business-I |
Semester III | Semester IV |
Macro Economics | Special Accounting Areas-III |
Methods of Cost Accounting-II | Financial Market Operations |
Techniques of Auditing and Audit Procedures | Information Technology Application in Business |
Special Accounting Areas-II | Indirect Taxation-II |
Business Regulatory Framework-II | Foundation Course -II (Value Education and Soft Skill) |
Introduction to Management | Company Law |
Quantitative Methods for Business-II | Financial Accounting-IV |
Semester V | Semester VI |
Financial Accounting -V | Financial Accounting -VII |
Cost Accounting-III | Cost Accounting – IV |
Financial Statement Analysis | Financial Accounting – VIII |
Direct & Indirect Taxation – III | Direct & Indirect Taxation- IV |
Indian Economy System | Elective-II |
Project Work | Internship/Project Work-II |
Financial Accounting-VI | - |
Elective-I | - |
Also read - ACCA: Course, Full Form, Eligibility, Exams, Exemptions, Admission 2024, Fees, Scope, Jobs
BAF Top Colleges
BAF courses are offered by several colleges. More than 100 colleges in India offer BAF courses and the majority of these are private institutions. Here is the following list that includes some of the best universities in India that offer BAF courses -
- Shri Ram College of Commerce
- Gujarat University
- H. B. Institute of Communication and Management
- H.A. College of Commerce
- Narsee Monjee College of Commerce and Economics
- Hindu College
- Mansarovar Group of Institutions
- Stella Maris College
BAF Course: College Comparison
The top 3 BAF colleges in India that offer BFA courses are tallied and contrasted below based on a number of criteria -
Parameters | Shri Ram College of Commerce | Gujarat University | Mansarovar Group of Institutions |
About the College | SRCC is affiliated to Delhi University established in the year 1926 located in Delhi and currently holds a NIRF ranking of 11th in 2023. | Gujarat University was established in the year 1949 and currently holds a NIRF ranking of 61st in 2023. | Mansarovar Group of Institutions is located in Madhya Pradesh and established in the year 2018. |
Entrance based/Merit Based | Entrance based | Entrance Based | Entrance Based |
Average Fees | INR 45,000 | INR 5000 | INR 50,000 |
Average Placement | INR 4,80,000 | INR 3,50,000 | INR 6,00,000 |
Employment Areas | Accounting, Banking, Taxation, Financial Management | Sebi, Accounting & Finance, Banking Management, Real Estate, Accountancy | Real Estate, E-commerce, International Financial Organization, Bank |
Best BAF Colleges Providing Direct Admission in India
Some of the top colleges/ universities that offer direct admission into BAF course in India are as mentioned below:
- Loyola College
- Narsee Monjee College of Commerce and Economics
- HR College of Commerce and Economics
- Kishinchand chellaram college of arts commerce and science
- Jai Hind College
- Mithibai College
- St. Joseph's College of Commerce
- BMS College for Women
Best colleges for BAF in India: Fees
BAF courses are facilitated in more than 100 colleges in India. In India, BAF fees typically range from INR 20,000 to INR 3,00,000. Private and public colleges charge different prices. For your reference, the BAF course fees for different institutions are listed below -
| Name of the College | Average Annual Fees |
| Shri Ram College of Commerce | 45,000 |
| Narsee Monjee College of Commerce and Economics | 11,000 |
| Gujarat University | 5000 |
| H.B. Institute of Communication and Management | 70,000 |
| H.A College of Commerce | 70,000 |
| Hindu College | 16,750 |
| Stella Maris College | 92,000 |
| Mansarovar Group of Institutions | 50,000 |
| St. Aloysius Evening College | 40,000 |
| Teresian College | 60,000 |
| FAQs about BAF Course |
| Q. Can we do MBA with BAF? |
| A. No, you are not eligible to pursue MAB with BAF because MBA requires you to have a bachelor's degree. |
| Q. Is BAF available through distance learning? |
| A. Yes, there are many universities in India that offer BAF course through distance learning mode. The most popular is IGNOU. |
| Q. What is the BAF course scope? |
| A. You gain a strong combination of accounting and financial abilities from the BAF course. To become an expert in finances, you will study topics including taxation, audit procedures, financial accounting, and company analysis. It finds its way into a variety of industries, including banking, accounting, and financial advice. Beyond merely helping you find job, BAF prepares you for professional certifications like CFA, CA, CPA, FRM, etc. that can further advance your career. |
| Q. Which is better, BAF or B Com (Hons)? |
| A. if you have an inclination for accounting and finance, BFA course is best for you. If you are inclined to explore different areas of commerce, then you can go for B Com (Hons) course as it provides a wide foundation in business, covering accounting too. |
| Q. Is there a Masters in BAF? |
| A. No, there’s no particular Master’s degree after BAF. But you can go for MBA in Finance or Masters in Accounting, M Com (Hons) in Accounting, |
Future Scope of BAF
Candidates can explore a wide range of fields after completing the BAF, including accounting, finance, risk management, taxation, and auditing. After graduation, some candidates might start looking for work or pursue further education in order to have access to better opportunities.
Career Possibilities -
- Candidates can find work in a variety of fields, including accounting, finance, risk management, taxation, and auditing, after completing the BAF course.
- Among the leading businesses are Ernst & Young, KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, Goldman Sachs, Wipro, and so forth.
- Candidates may be hired for roles such as risk analyst, marketing manager, financial risk manager, tax consultant, accounting analyst, and financial analyst, among others. Candidates are able to work in the public and private sectors.
Courses after BAF -
- Following BAF, candidates can pursue a variety of courses, including master's degrees, diplomas, and other professional courses.
- MBA in Finance, MBA in Cost and Management Accounting, M Com. in Accounting and Finance, M Com. in Accounting and Taxes, M Com. in Finance, etc. are a few of the management courses.
- Candidates can choose from a variety of professional programs, including those in chartered accounting, certified management accounting, company secretaryship, and chartered financial analysis.
BAF Jobs and Salary
Opportunities in many fields, including auditing, risk management, taxation, revenue, accounting, management, etc., are available to those who pursue a bachelor's degree in accounting and finance. KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, Goldman Sachs, Wipro, Ernst & Young, HDFC, and so forth are a few of the leading recruiters. The BAF pays between INR 3,50,000 and 15,40,000 on average.
A table listing the different job positions that become available after completing the BAF course and their average salary is provided below -
| Jobs | Average Salary |
| Financial Analyst | INR 5,50,000 |
| Accounting Analyst | INR 5,80,000 |
| Finance Consultant | INR 8,40,000 |
| Tax Policy Consultant | INR 4,40,000 |
| Accountant | INR 3,80,000 |
| Financial Risk Manager | INR 6,20,000 |
| Marketing Manager | INR 8,60,000 |
| Revenue Agent | INR 4,30,000 |
| Sales & marketing Executive | INR 8,20,000 |
Also Read: CA Salary in India
When Should You Go for BAF Course?
One can start a BAF course right after class 12th. In order to pursue Bachelor of Accounting and Finance, students must prioritize commerce subjects. This gives you the liberty to solidify your theoretical knowledge of the subject. However, with the right planning and direction, graduates from other courses can also research about BAF.
BAF Course: Why Study BAF After the 12th?
Opting for BAF Course is a great opportunity to learn about taxation, fundamentals, and principles of accounting, calculation, and tally of GST, VAT, and Indian Tax Policy.
- You will learn great calculation skills.
- It opens doors for higher courses like M.Com and Research.
- In accounts and finance, you will be well equipped to solve major problems.
- There are multiple avenues for learners with a competitive salary.
Who Should opt for BAF Course?
Giving students the appropriate counseling is essential to determining whether or not they are a good fit for a given course. The following types of students are considered to be BAF candidates:
- It is preferable to provide consideration to those who have finished their coursework in the relevant field up to the 12th grade for continued study at the bachelor's degree.
- A student wants to become an expert calculator and use that ability for either personal or national benefit.
- It is highly encouraged that students who wish to work in the accounting or finance industry get this degree. The best candidates for this course are individuals who wish to work as financial analysts or accountants.
Types of BAF Course
The major types of BAF course are tabulated below:
Types | Details |
Full-time BAF |
|
Part-Time BAF |
|
Online BAF |
|
BAF Course: Avenues for Upskilling
Upskilling and constant learning are essential to being relevant in this ever-changing sector. You can look into several certification programs or courses as a BAF graduate to enhance your degree. Several well-liked choices consist of:
- Chartered Accountancy (CA)
- Certified Public Accountant (CPA)
- Chartered Financial Analyst (CFA)
- Certified Management Accountant (CMA)
Best Jobs after BAF Course
The "best" employment after BAF varies depending on your own interests, abilities, and professional goals. Nonetheless, there are a few in-demand positions with excellent pay. The best jobs after the BAF course are following:
- A chartered accountant (CA) has a great earning potential and status, but it also requires passing the difficult CA exams.
- The internationally recognized Certified Public Accountant (CPA) credential opens doors to professional opportunities throughout the world.
- Financial Analyst: Offers a dynamic and analytical professional path, analyze financial data to provide insights for investment decisions.
- Investment bankers help customers with fundraising, mergers & acquisitions, and other financial transactions; they must have excellent negotiation and communication skills.
- Tax Consultant: Recommend tax planning and compliance to clients; requires in-depth knowledge of tax laws and rules.