Finance has been one of the most preferred options for candidates pursuing MBA from top business schools worldwide. The finance field has been glamorized by the high pay packages given for the investment banking and other such profiles at B Schools. Due to this, many MBA aspirants these days expect to take finance as a major, only to know that it is not what they had expected it to be. This post tries to give a basic understanding to the amateur about what Finance exactly is and the various career options available.
What is Finance?
Wikipedia defines Finance simply as the management of Money or funds. If it is the funds of individuals, it becomes personal finance. Fund management of Corporates is corporate finance and for public institutions, it is public finance. Finance is one of the most important aspects of business management and it includes decisions related to use and acquisition of funds for the enterprise. It involves managing the financial risk return match for any entity.