BAF: Full Form, Course Details, Fees, Colleges, Admission, Duration

Duration: 3 Years
Avg Fees: INR 16,000-1,00,000 Per Year
Sakshi Chaudhary
Sakshi Chaudhary

Updated on - Feb 27, 2024

BAF is a three-year undergraduate course that deals with the study of core accounting principles, finance, economics, and topics related to various functionalities of the commerce field. A Bachelor of Accounting and Finance is a degree program that combines the study of accounting principles and financial management.

BAF admission requires candidates to have a 50% aggregate in Higher Secondary (10+2) with commerce stream and qualifying entrance exams such as MH-CET, CUET, etc. The BAF course fees per year range between INR 16,000-1,00,000. The core subjects under the BAF syllabus include Financial Accounting, Managerial Accounting, Corporate Finance, Business Law and Ethics, Investment Analysis, etc.

Students receive industry-relevant training and exposure to work in banks, financial institutions, audit firms, and actuarial services as auditors, accountants, export or import managers, tax consultants, etc.

Table of Contents

BAF Course Details

Degree Bachelors
Full Form Bachelor of Accounting and Finance
Duration 3 Years
Age Minimum age limit is 17 years
Subjects Required Accounting, Mathematics, Economics
Minimum Percentage 50% marks in 10+2 examinations.
Average Fees INR 16,000-1,00,000 Per Year
Similar Options of Study B.Com, BBA
Average Salary INR 2-6 LPA (Source: PayScale)
Employment Roles Auditor, Accountant, Export or Import Manager, Tax Consultant, Stockbroker, etc.
Top Recruiters EY, KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, etc.

What is BAF Course?

BAF full form is Bachelor of Accounting and Finance, a course designed to impart the necessary knowledge on the core functionalities of commerce, including several topics such as accounting, finance, taxation, auditing, and risk management. 

After completion of the BAF course, students can pursue rewarding careers with actuarial firms, banking, business analysis, financial management, actuarial service, e-commerce, financial analysis, etc. The average BAF graduate salary is in the range of INR 2-6 LPA. (Sources: Ambition Box & Glassdoor).

BAF Eligibility Criteria

For BAF admission, students must meet the BAF eligibility set by a specific university/college such as minimum percentage, subject required, entrance exam score, etc. The standard eligibility criteria is listed below:

  • Students must have completed a 10+2 degree in Commerce or a related stream with a minimum of 50% marks for the general category and 45% marks for reserved category students. Students are also required to clear entrance exams like MHT-CET, CUET, etc.
  • The minimum age limit to enroll in the course is 17 years.

Why Choose the Bachelor of Accounting and Finance Course? 

BAF course offers a strong foundation and expertise in the area of financial analysis, auditing, and budgeting required for a successful career. Below mentioned are points regarding why choose the BAF course:

  • India has a broad financial industry that is rapidly growing due to both the expansion of already-existing financial services companies and the entry of new market players.
  • According to the Hindustan Times, India's fintech market is projected to reach $150 billion by 2025, making it one of the nations with the fastest growth rate.
  • According to Business Today, the banking and financial sector generated 67,000 new jobs in FY22.
  • Students have the opportunity to work at several companies like EY, KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, etc.

Also, Compare: BBA vs BAF

BAF Admission Process

BAF admission is based on merit basis in colleges like KES, MSG SGKM College of Arts, Science and Commerce. Colleges like Jai Hind may conduct entrance exams for the course based on the requirement. In general, the admission process includes the following components:

  • Step 1: The candidate should clear the cut-off marks in the entrance exams as required by the colleges.
  • Step 2: Further, the candidate should fill out the application forms of respective colleges available either online or offline.
  • Step 3: The official website of a university will release a selection list based on merit or entrance examination.
  • Step 4: After appearing for counseling, students must submit all the necessary documents and pay the fees.

BAF Admission Process

BAF Entrance Exams

Some colleges and universities offer a Bachelor of Finance and Accounting, through national, state, or college-level entrance exams. There may be differences between university/ college entrance exams and cutoff marks. Here are some of the most popular BAF entrance exams: 

Entrance Exam

Registration Dates

Accepting Colleges


Jan 16-Mar 1, 2024

Jai Hind College


February 2024-April 2024 ( Tentative)

St. Xaviers College

Top Bachelor of Accounting and Finance Colleges in India 

There are various government and private colleges in India offering BAF courses. Top private colleges offering BAF courses include HB Institute of Communication and Management, Jai Hind College, etc. Government colleges like Shankar Narayan College also offer B.A.F courses. The BAF fees per year is in the range of INR 16,000-1,00,000. Below is a list of top BAF colleges in India along with the annual fees:


Annual BAF Fee

Jai Hind College

INR 21,449

Mithibai College

INR 16,731 

St. Xaviers College, Mumbai

INR 55,000 

Don Bosco College

INR 35,000 

HB Institute of Communication and Management

INR 70,000

Dhirajlal Talakchand Sankalchand Shah College of Commerce

INR 23,000 

Mumbai University


Wilson College


ML Dahanukar College of Commerce

INR 19,079

Shri GPM College

INR 17,500

Vivek College of Commerce 

INR 18,234

Anna Leela College of Commerce and Economics 

INR 28,400 

Shankar Narayan College

INR 18,423 

NM College

INR 38,990

BNN College


BAF Top colleges

Types of BAF Courses

The course has full-time and distance learning options available to students. The following BAF course details are provided below:


BAF Eligibility

BAF Duration

BAF Full Time

Should have passed 10+2 with a minimum of 50% marks + Entrance Exam

3 Years

Distance BAF

Should have passed 10+2 with a minimum of 45-50% marks.

3-5 Years

Distance BAF Course

Below mentioned are details regarding the distance BAF course:

  • The distance BAF course can be pursued from various colleges like IMTS Institute, Directorate of Distance Education, etc.
  • The annual distance BAF fees is in the range of INR 20,000-50,000.
  • There is no upper age limit to enroll in the course.
  • The course duration can be extended to a maximum of five years depending on the coursework completed by the student.

Also, Check:

Diploma in Accounting and Finance B.Com Accounting and Finance

BAF Syllabus and Subjects

The BAF syllabus focuses on imparting the necessary knowledge and abilities to evaluate financial figures and efficiently manage financial resources along with recent cost accounting techniques in accounting and current taxation issues. The syllabus for the BAF course is given 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


Project Work

Internship/Project Work-II

Financial Accounting-VI




Read More: BAF Subjects and Syllabus

BAF vs BCom

BAF focuses on accounting, finance, and business management, whereas, BCom (Bachelor of Commerce) programs provide students with a strong foundation in financial management, auditing, and taxation. The table below represents the difference between BAF and BCom:





Bachelor of Accounting and Finance

Bachelor of Commerce

Course Duration

3 years

3 years

Course Overview

The course curriculum covers subjects like financial analysis, financial reporting, taxation, etc.

The course curriculum focuses on subjects like accounting, economics, business law, taxation, and business communication.


50% in 10+2, with Commerce

12th pass in commerce with a minimum of 50% marks.

Course Fee Per Year

INR 16,000-1,00,000

INR 7,500-4,00,000

Entrance Exam



Top Colleges

St. Xaviers College, Mumbai University

Shri Ram College of Commerce, BML Munjal University, St. Xaviers College.

Average Salary



Job Roles

Financial Analyst, Accountant, Credit Analyst, Investment Analyst, Tax Consultant, etc.

Accountant, Cost Estimator, Financial Analyst, etc.

Read More: BCom

Courses After BAF

After completing the BAF course, students can pursue several higher education studies that can improve their understanding of the subjects. Below mentioned are a few courses that can be pursued after BAF:

  • MBA in Finance
  • MFM
  • CFA
  • CA
  • CS
  • MBA in Cost and Management Accounting
  • M.Com in Accounting and Finance
  • M.Com in Accounting and Taxation
  • PGDip in Professional Accounting
  • M.Com in Finance

Career Options After Bachelor of Accounting and Finance

BAF course allows students to increase their employability by adding to their qualifications. Various colleges provide BAF placement to students and help them shape their careers in the right direction.

Some of the job opportunities that students can get after completing BAF are mentioned below:

BAF Jobs

Job Description

Top Hiring Companies

Financial Analyst

  • Analyzing financial data, preparing reports
  • Providing insights for decision-making

Deloitte, KPMG, EY, PwC, HDFC Bank, ICICI Bank, etc.


Managing financial records, preparing budgets, and ensuring compliance with accounting standards.

Infosys, Accenture, Hindustan Unilever, State Bank of India (SBI), etc.

Credit Analyst

  • Assessing the creditworthiness of individuals or businesses
  • Analyzing financial data for loan approval.

Axis Bank, HDFC Bank, ICICI Bank, Bajaj Finance, etc.

Investment Analyst

  • Researching financial markets, evaluating investment opportunities
  • Providing investment recommendations.

Kotak Mahindra Asset Management, Birla Sun Life Mutual Fund, etc.

Tax Consultant

  • Advising clients on tax-related matters
  • Ensuring compliance with tax regulation
  • Developing strategies for tax efficiency

Ernst & Young (EY), Deloitte, KPMG, etc.


  • Reviewing and verifying financial records
  • Ensuring accuracy and compliance with regulations and policies

Ernst & Young (EY), Deloitte, KPMG, PwC, etc.

Treasury Analyst

  • Managing an organization's financial resources, optimizing cash flow
  • Overseeing liquidity and risk management

Reliance Industries, Tata Consultancy Services (TCS), State Bank of India (SBI), etc.

Financial Planner/Advisor

Guiding people or businesses to reach their financial objectives by offering planning, investment strategies, and financial advice.

Axis Bank, Bajaj Allianz, SBI Life Insurance, Kotak Mahindra Life Insurance, etc.

Risk Analyst

  • Identifying and assessing potential risks in financial operations,
  • Developing risk management strategies.

ICICI Bank, HDFC Bank, Axis Bank, Standard Chartered, Kotak Mahindra Bank, etc.

Corporate Finance Analyst

  • Analyzing financial data, assisting in mergers and acquisitions
  • Providing financial insights for strategic decision-making.

Tata Steel, Aditya Birla Group, Mahindra & Mahindra, Larsen & Toubro, etc.

Read More: BAF Job Opportunities and Scope

BAF Salary in India 

Graduates with a BAF can expect to earn INR 2-6 LPA (Sources: Glassdoor & Ambition Box). Students are paid based on their skills and experience, as well as on the progress they have made. Graduates after a BAF degree are in greater demand due to continuous growth in the financial sector. 

BAF Jobs

Entry Level Average Salary (INR)

Salary After 3 Years of Experience (INR)

Financial Analyst

3.5 LPA

6.5 LPA


2.5 LPA


Credit Analyst

3-4 LPA


Investment Analyst

4-4.5 LPA

7.5 LPA

Tax Consultant

3-4 LPA

5.5-7 LPA


3-3.5 LPA

4-6 LPA

Treasury Analyst

3-4 LPA

5-6.5 LPA

Financial Planner/Advisor

2.5-3.5 LPA


Risk Analyst

3.5-4.5 LPA


Corporate Finance Analyst

4-5 LPA

5.5-7 LPA

Read More: BAF Salary in India

Top Recruiters for BAF

Below listed are a few top recruiters for BAF graduates:






Birla Sun Life Insurance



Mahindra Finance



Muthoot Finance


DNS Bank


BAF Top Recruiters

Top Cities to Pursue BAF Course

Students can pursue a BAF course from top cities like Mumbai and Bangalore., in prominent colleges like Jai Hind College, St. Xaviers College, etc. Mumbai is considered a home to various top colleges offering BAF course.

Below listed are the top 2 cities to pursue BAF course based on approximate, and actual living expenses, salaries, market conditions, etc.


Top Colleges Offering BAF Course

Average Living Monthly Expenses (INR)

Average Starting Salary (INR)

Top Recruiters


St. Xaviers College, HR College of Commerce and Economics, Mumbai University, etc.

15,000 - 25,000

3-5 LPA

HDFC Bank, Kotak Mahindra Bank, etc.


CMR National PU College, St. Joseph's College of Commerce

12,000 - 20,000

INR 3.50-4 LPA

Infosys, Wipro, etc.

BAF Scholarships

There are various scholarships offered to students who want to pursue BAF courses by government and private institutes based on annual income, merit score, quota, etc. Below listed are a few scholarships for BAF course:

BAF Scholarship

Eligibility Criteria


Raman Kant Munjal Scholarships 

  • The student should have secured a minimum of 80% marks in 10+2.
  • Annual family income should be less than INR 4 Lakhs.

Tuition Fee Waiver

Kotak Junior Scholarship

  • Minimum of 85% marks in 10+2 examinations
  • Annual family income should be INR 3,20,000 or less

INR 3,000 Per Month

Skills to Excel as a BAF Graduate 

BAF graduates should possess analytical and critical thinking skills. Learning skills based on their interests can also influence a student's career. The following skills are expected of Bachelor of Accounting and Finance graduates: 

  • Financial Analysis: It is essential for assessing an organization's performance, forming wise choices, and pinpointing areas in need of development.
  • Accounting Skills: For maintaining accurate financial records, ensuring compliance, and facilitating strategic planning.
  • Data Analysis: It is essential for extracting insights, identifying trends, and making data-driven financial decisions.
  • Risk Management: It helps identify, assess, and mitigate potential financial threats while safeguarding the stability of the organization.
  • Communication Skills: It facilitates the efficient distribution of financial data to various stakeholders, promoting comprehension and well-informed decision-making.

BAF Fee Structure


What is BAF full form?

BAF full form is Bachelor of Accounting and Finance.

Which is better BAF or BBA?

The carrier interest and goal continue to be the decisive element when determining which option is best. For students interested in financial management and accounting principles, the BAF course is focused and comprehensive. A wider range of business topics, such as management, marketing, operations, and human resources are covered in the BBA.

Is BAF a good career option?

Yes, BAF can be a rewarding career option, offering opportunities in finance, accounting, and related fields, with the potential for growth and specialization.

Which are the best Bachelor of Finance and Accounting colleges in India?

Some of the best colleges that offer BAF course in India are St. Xaviers College, Mumbai University, Jai Hind College, etc.

What are the core subjects in the BAF course?

Core BAF subjects include Financial Accounting, Cost Accounting, Auditing, Business Mathematics, Business Economics, Financial Management, etc.

What is the scope of the BAF degree?

The spectrum of the BAF is broad; students have the chance to work in a variety of positions, from stockbroker to financial analyst. The students can also choose higher education alternatives like an MBA, M.Com, MFM, etc. to advance their knowledge and abilities.

What is the salary of a BAF graduate?

The average salary after completion of BAF in India is in the range of INR 2-6 LPA.

Does BAF include Maths?

Yes, BAF typically includes mathematical components, especially in subjects like Business Mathematics and Financial Management.

What are the entrance exams required for the BAF course?

BAF entrance exams include CUET, MHT-CET, etc.

Which is better, BAF or BCom?

It depends on career goals; BAF focuses more on finance and accounting, while BCom offers a broader business education. The choice should align with individual interests and career aspirations.

What is BAF fees in Mumbai?

The annual BAF fees in Mumbai range between INR 16,000-70,000.