Finance is the management of money for an individual or for an organization., for example, for private companies or for the government. It also includes lending funds to entities, making investments, borrowing from a lender, etc. It is a requirement for managing the funds by checking if they are allocated optimally. Financial experts have a control over the company’s strategies and help their companies mitigate losses and help them gain profits.
Examples of financial activities:
Investing money in a mutual fund or in stocks and bonds is a type of financing
Lending and borrowing money from financial institutions like banks and NBFCs
To build a budget and a financial model for an organization
People who want to pursue finance as their careers can get into commercial banking, treasury, insurance, lending sectors, Auditing, investment banking, and many more.