Business Administration
Financial professionals also need a solid understanding of the base components of business administration, which requires financial management skills. Financial organization management includes accounting, information systems, management, marketing, and personnel.
Understanding all these components makes financial management much more challenging. Successful financial professionals must understand and apply all these disciplines.
Business administration is the overall management of the business. Financial management is a subset of this area of expertise that deals specifically with the financial aspects of running a firm. Business managers must understand the finances to really execute the business plans effectively.
