Business Management Salary

 

Lots of trainees pursue business management studies in the expectation that they will have the ability to earn large salaries once they start working. Business management is generally known as a rewarding career path, yet not all business managers make excellent salaries. Studying a business management course will assist you get good position in a business job with an excellent salary. There are lots of elements that affect earning capacity in the business management field.

 

The typical pay for a Business Manager is R379,565 per year. The greatest paying abilities connected with this job are Strategic Project Management and Business Strategy. You can read more on Business Management courses here.

 

Will I make a big salary by working in business management?

 

If you follow a career in business management, the possibilities are high that you will have excellent earning capacity. Nevertheless, you need to keep in mind that you will have to work your way up the ranks. It often takes years of useful working experience prior to you have the ability to make your preferred salary.

 

Whether you earn a big salary or not will depend on a range of aspects. It will also depend upon your very own definition of a \”big salary\”.

 

What factors affect the size of a business manager\’s salary?

The size of your salary is likely to be impacted by the following aspects:

 

– The size of the company for which you work.

– The amount of experience you have.

– The industry where you work.

– The type of business for which you work.

– The skills and qualifications that you have.

– The jobs and obligations connected with your position.

– The level of seniority of your position.

– The other advantages and incentives associated with your position.

 

There are many things you can do to work to a career in business management. The first step is to discover a suitable business management course at a certified college. Skills Academy, for instance, uses a variety of business management courses through distance learning.

 

In addition to studying a suitable course, you can do the following to increase your possibilities of success worldwide of business management:

 

– Work as a volunteer or intern to gain important practical experience in the business environment.

– Ask a skilled business manager to be your mentor.

– Go to workshops and workshops that deal with subjects associating with business management.

– Sign up for established business magazines and business journals.

– Network with other business specialists.

 

Business management jobs

 

All organisations require qualified people in management.

 

The list below types of organisations are basic examples:

 

– Production companies

– Service companies

– Retailers.

– Logistics and Supply Chain Manager Banks.

– Own business.

– Business Analyst.

– Operations Supervisor General Supervisor.

– Compliance Officer.

– Management Expert.

 

The Institute of Certified Bookkeepers

 

The Institute of Certified Bookkeepers is a Professional Body that has in fact existed because 1931. In South Africa the functions of professional bodies use to integrate both Professional Membership in addition to Education and Training. Nevertheless, scholastic policies and laws in recent years made these bodies split those functions.

 

Hence, the historic ICB was divided into a Professional Body and an Academic Body in 2015. The instructional body continues under the name Institute of Certified Bookkeepers.

The (new) ICB, that is the body entirely managing Academics, is a recognized Quality Assurance Partner of FASSET. FASSET is the Sector Education and Training Authority for Funding, Accounting, Management Consulting and other Financial Providers).

This recommends that the ICB is licensed by FASSET to acknowledge training business. Work as the evaluation (exams) body for the ICB courses, used by training business accredited by them.

 

Presently the QCTO (the Quality Council for Trades and Occupations) is in the procedure of managing the responsibility for all SETAs. That implies that FASSET \”falls under\” the QCTO. This may have some effect on the details of the accreditation procedure in the future. Both FASSET and the QCTO are bodies established in regards to an Act of Parliament.

The ICB, under authority of FASSET (and quickly under authority of the QCTO), is responsible for the quality control and evaluations (evaluations) of a series of qualifications. More about that listed below, under the heading \”ICB Qualifications\”.

 

The Professional Body is called the Institute of Certified Bookkeepers and Accountants (ICBA). The ICBA is acknowledged by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).

Normally a trainee would study ICB qualifications, and on the strength of their qualifications, along with working experience, and staying with a professional standard procedure, have the capability to obtain Membership.

 

The main objective of the ICBA is to provide professional membership to Junior and Senior Accountants, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB trainee, you can get Trainee Subscription of the ICBA.

 

Exactly what are the benefits of studying business management?

 

Management requires a broad skill set that can benefit you in any workplace.

 

Here are a few of the advantages of studying business management:

 

– You will acquire a good grasp of the realities of the business world.

– You will learn about the Significance of team effort.

– You will find out how to manage individuals.

– You will learn about entrepreneurship.

– You will have the ability to combine your business management knowledge and skills with a range of other skills in order to pursue various career paths.

– You will find out about various elements of running your very own business.

– You will gain a much better understanding of what to anticipate from employees.

– You will learn more about companies and how they are structured.

– You will find out ways to connect better on a professional level.

 

Discover ways to make a business be successful!

 

 

This programme hits the spot if you have ambitions of managing a business and its finances.

Excellent business management is critically important for a company\’s commercial success. In this ICB program, you\’ll learn about business and monetary management finest practices, office and legal practice, personnel management, computer literacy, global business strategy and research techniques in commerce.

 

Your very first qualification in just 3 subjects.

 

You can accomplish the ICB Business Management: Foundation Level after completing just 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your studies to progress to the Intermediate and Advanced Levels, and their associated nationally recognized qualifications.

 

Foundation Level

National Certificate

Small Business Financial Management

 

NQF Level.

( NQF L4 – SAQA ID 48736, total credits: 120).

 

Period.

9 months.

 

Entry requirements.

Grade 11 (Std 9) or comparable.

 

Topics

 

1. Business Management 1 (BMT1).
2. Bookkeeping to Trial Balance (BKTB).
3. Business Literacy (BUSL).

 

What my title can be

 

Assistant or administrator in human resources, office management, legal, administration, public relations, marketing, sales, customer relations. Junior Scientist, Junior Analyst, Sales Assistant.

 

What I\’ll have the ability to do

 

Demonstrate an understanding of the documentation, processing and recording of a business\’s monetary deals. Interact effectively with the business stakeholders. Show that you know exactly what it indicates to be a basic supervisor. Expense and price products and handle working capital. Operate a personal computer.

 

Intermediate Level

Higher Certificate

Office Administration

 

NQF Level.

( NQF L5 – SAQA ID 23619, total cumulative credits: 240).

 

Period.

+15 months.

 

Entry requirements.

National Certificate: Small Business Financial Management (must include the Business Management 1 topic).

 

Subjects

 

1. Office and Legal Practice (OLPR).
2. Business Management 2 (BMT2).
3. Marketing Management and Public Relations (MMPR).
4. Financial Statements (FNST).
5. Human Resources Management and Labour Relations (HRLR).

 

What my title can be

 

Senior Office Administrator, Secretary, General Office Supervisor, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Client service Manager.

 

Exactly what I\’ll be able to do

 

Handle your journal and work schedule as a supervisor. Run effectively as a general office manager of a business. Apply marketing, law, PR, and economics principles in business. Prepare and interpret financial declarations and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for local and international expansion.

 

Advanced Level

National Diploma

Financial Accounting

 

NQF Level.

( NQF L6 – SAQA ID 20366, total cumulative credits: 280).

 

Duration.

+12 months.

 

Entry requirements.

Higher Certificate: Office Administration (must consist of business Management 2 subject).

 

Topics

 

1. Business Management 3 (BMT3).
2. Financial Management and Control (FMCL).
3. Financial Reporting and Regulatory Frameworks (FRRF).
4. Research Theory and Practice (by brief dissertation, topic: Business Management) (RTAP).

 

What my title can be

 

Financial Accounting professional, Accounting Officer (by means of SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Secret Account Manager, Business Manager, Business Expert, Business Advisor, Service or Sales Supervisor.

 

What I\’ll have the ability to do

 

Deal with management information systems at a business level. Prepare a business for internal/external audit. Apply concepts of strategic intent and strategic thinking in an international business environment. Apply managerial finance and control concepts in an industrial environment. Draw up and analyze financial declarations and reports in accordance with IFRS.

 

 

Test Dates and Venues

 

Class students: The majority of the colleges hold exams on-site monthly, so check what your college\’s schedule is.

 

Distance learning trainees can get in the ICB tests in February, May, July, September and November. Tests take place at the ICB approved assessment centres around southern Africa.

Pay your ICB registration and assessments costs as early as possible, so we can send you your PoE ASAP. Your PoE is an incredible tool to help you study. Do not leave it to the eleventh hour or you\’ll truly be disadvantaging yourself!

 

Go into for an ICB exam

 

Class students will do this through their colleges.

Distance learning students will enter upon the ICB Student Portal online.

Select your qualifications initially. Then select he topics, exam dates and locations for your examinations, and send your test entry together with the required cost. All trainees will get an email validating their examination entries.

 

How does ICB examination work?

 

When you register to study an ICB course, you\’ll also need to sign up to be taken a look at for it. This is so that they can figure out at the end of it whether you know and understand the course material well enough to pass. Each ICB programme is designed to have specific outcomes. These results are things that you will be able to do and comprehend as a result of your studies. This is the most vital part of the ICB evaluation policy.

 

Each result needs a certain quantity of time for you to attain it. These hours are represented by credits. As defined by the South African Qualifications Authority (SAQA), and the ICB assessment policy, 1 credit equals 10 notional hours. Notional learning hours are considered to be the time taken by the typical student to accomplish the specified learning results.

 

What occurs if I fail my ICB exam?

 

Do not panic if you do not pass very first time, you can get a 2nd chance, With an ICB Re-Assesment If you are assessed as \’not yet proficient\’ in a topic (you did not pass it), you will have a chance to compose one re-assessment, which is only a summative final exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).

You should complete the re-assessment within 12 months of your initial summative evaluation date. We do recommend you write your re-assessments as soon as you can, as subject content does alter. If you miss your re-assessment, or you are \’not yet skilled\’ in it, you cannot redo it. You will have to re-enter for the subject and begin it over by finishing a brand-new PoE.

 

When do I get my Portfolio of Evidence?

 

Your PoE will show up 3-4 weeks after the ICB gets your exam entry for a particular topic.

 

How many Portfolios will I get?

 

You\’ll get one PoE per subject per exam. Each PoE is customized to that specific subject.

 

Distance learning trainees will get their Portfolios directly.

 

Exactly what must I do when I get my PoE?

 

Examine that your individual info on the cover are right. Let you\’re your college/the ICB understand As Soon As Possible if anything is wrong.

 

Go through the entire PoE and fill in information where you are asked to.

 

Exactly what\’s inside my PoE?

 

Your ICB Portfolio Administration Guide

 

This is your essential introduction of studying your ICB subject!

Your ICB Administration Guide tells you precisely what to do throughout your ICB research studies. It discusses methods to complete your PoE, and consists of lots of types you need to finish.

 

Overcome it step by step and follow all the instructions in it, and you\’ll be on track for success!

 

ICB Tests and projects

 

For each subject, the ICB sets 3 Assignments and 2 Tests that help you to evaluate your understanding during your studies.

 

Distance learning trainees will find ICB Tests and Projects in their PoE when it gets here.

Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be used by their lecturers throughout their research studies.

 

Response Books

 

You\’ll likewise find blank response books in your PoE for you to make up the answers to your ICB Tests and Tasks in.

 

Why is my PoE so crucial?

 

The ICB finding experience is unique– our scholastic group has actually created it to offer you the very best possible chance of discovering successfully and passing your subject the very first time.

 

However it\’s not almost passing the test Our approach guarantees you get a deep and comprehensive understanding of your course items.

 

So you don\’t merely get a qualification– you get skills that you can utilize in your task from day 1.

 

When do I hand in my PoE?

 

A few days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and ensure you have in fact done and included everything. Make a copy of our entire PoE as a backup.

 

Take your ended up PoE to your last test. You\’ll hand it there in.

 

Your Last test

 

When you have completed composing your last exam, you should include the exam question and answer documents to your PoE, and hand everything in together. You can not send the ICB anything else for your PoE after you have actually handed it in.

 

Sick on exam day?

 

You can apply for a medical post ponement and you\’ll require a medical certificate. Contact your college or the ICB for more details.

 

Missed your exam?

 

If you did not attend your exam, and did not postpone it in time, you\’ll have to begin the subject over by re-entering for the exam and getting a brand-new PoE.

 

Everything You Had to Know

 

Wondering how you ICB course will be graded? It\’s simple. 30% of your last mark comes from the activities and assessments you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder given to you at the start of the course, as soon as you\’ve registered for an evaluation with the ICB. You\’ll need to put any projects offered to you along with the tests you take in it. Your PoE is total when your last assessment is added to it at the end of your course.

 

Your last evaluation will count for the remaining 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then inspect to see if you actually know your stuff. You\’ll need to get at least 50% for this exam to pass, no matter your overall mark.

 

This does not imply that you can slack with your activities and examinations during your studies, as they totally prepare you for the final assessment, and also provide evidence of the hard work you\’ve.

 

Exactly what takes place if I have to postpone an assessment?

 

Must you have to postpone your ICB exams then you will have to check the Assessment Timetables to see when you need to submit posts ponement by and pay a postponement cost. There are cut-offs for these for each assessment cycle so make sure you ask for a postponement in time.

 

If you have to postpone your evaluation because you\’re ill on the day, you can apply for a free postponement (include a doctor\’s certificate with your request), which might be provided at the ICB\’s discretion. Evaluation for topics can be delayed once only if we have actually gotten your postponement charge in time.

 

Outcomes

 

Results are launched about 7 weeks after your examination. See the ICB exam schedules for results release dates.

 

Distance learning trainees will be able to get their results on the Student Portal, and they will similarly be emailed to you.

 

Register with a professional body

 

If you have actually completed a complete certification, you can apply to register with a professional body like the ICBA.

 

Exactly what I can do with my ICB qualifications

 

As well as making you attractive to employers and clients, your ICB qualifications can likewise lead you to these chances:

 

Study even more with the ICB

 

Accredited, reliable and recognised qualifications

 

All ICB qualifications are registered on the National Qualifications Framework (NQF) by the

South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are acknowledged in your area and internationally by numerous professional bodies. ICB qualifications are modular, which indicates you can build on them as your studies or career development. You can likewise qualify in another program simply by completing a few more topics. See the table on page 7 for more.

 

Find a task

 

In association with CareerJunction, South Africa\’s extremely popular job site, you can search and apply for financial and admin positions at www.icb.org.za/careers

 

Study further somewhere else with credit for your ICB certification

The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are respected, international, accounting professional bodies – headquartered in the UK. CIMA and ACCA grant exemptions to the qualifications the ICB provides.

 

CIMA offers training and qualifications in management accounting. ICB graduates holding the National Diploma: Financial Accounting NQF 6 credentials can apply to CIMA for approximately 6 exemptions. If you hold the ICB\’s Certificate: Office Administration NQF 5, you can get 2 exemptions from CIMA.

 

ACCA is the world\’s leading body for professional accountants, with over 110 years of experience, development and quality. ICB graduates holding the National Diploma: Financial Accounting NQF 6 certification can study even more through ACCA. You will receive up to 6 exemptions to advance your studies towards becoming a Chartered Certified Accountant with ACCA.

 

Chartered Secretaries Southern Africa offers several professional qualifications in this particular field of business governance, and grants exemptions for certain ICB topics.

 

Professional Membership Opportunities

 

Once you\’ve completed your studies through the ICB, there are a number of regional and global professional bodies that you can apply to for professional membership.

The ICBA is the sister organisation of the ICB and grants membership … at a variety of levels based on your qualification(s) and work experience. The ICBA identifies all the ICB\’s present qualifications, in addition to other pertinent qualifications that are registered on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have actually been evaluated by SAQA.

 

If you want to register as a tax practitioner, you\’ll have to become a member of SAIT. SAIT identifies the ICB\’s FET Certificate: Bookkeeping, and the National Diploma: Technical Financial Accounting qualifications. Trainees who sign up with SAIT with the FET Certificate: Bookkeeping credentials must upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership criteria– please call them for information.

 

 

| Business Management career options

Last Updated : March 25 2019