The Insolvency and Bankruptcy Board of India’s (IBBI) valuation course has some strict eligibility criteria. Following are the qualifications that are eligible to pursue the registered valuer program in securities or financial assets;
1. Chartered Accountant (CA)
2. Company Secretary (CS)
3. Cost Accountant (CMA)
4. Master of Business Administration (finance specialization)
5. Post Graduate Diploma In Business Management (finance specialization)
6. Post Graduate in Finance
It is the last point that needs elaboration. M.Com doesn’t fit in any of the above categories including point no. 6. A Masters In Commerce is not a finance qualification. So, if you are B.Com student or a graduate, you must know that M.Com is not the right move if you aim to become registered valuer with IBBI.
We scanned some courses offered by various universities. We find that a course such as the Masters in Finance and Accounting (M.F.A) would be an eligible qualification. For instance, check this program (https://tinyurl.com/y7x2v24m) offered by Bangalore University.
A comparison of subjects between the Masters in Finance and Accounting (MFA) and Masters in Commerce (M.Com) would reveal the reasons why (probably) IBBI doesn’t consider M.Com a fit enough prerequisite for the valuation profession. MFA has greater focus on securities and portfolio management, direct taxes, forex and derivatives which has relevance in valuation whereas M.Com appears to be a generic course on commerce and industry.
You may check with any university of your choice for an equivalent program. We found only a few universities (especially private ones) offering a similar MFA post graduate program.
Which post graduate courses do you think would fit the ‘PG in finance’ criteria for IBBI? Do let us know in the comments.