Finance basically consists of three interrelated areas:
- Money and Capital markets
- Financial Management
Financial Management is the most inclusive of the three areas mentioned above, and the one with the most job opportunities. Financial Management is critical in all types of businesses, including banks and other financial institutions, as well as industrial and retail companies.
There are two trends in Financial Management that are becoming increasingly important:
- Globalisation of business
- Increased use of IT
Both trends provide companies with new opportunities to increase profitability and reduce risks. However, these trends are also leading to increased competition and new risks.