Salary for Business Management
Many students pursue business management studies in the expectation that they will be able to make large wages once they start working. Business management is typically referred to as a profitable career path, yet not all business managers make good wages. Studying a business management course will assist you get excellent position in a business job with an excellent salary. There are lots of components that impact earning capacity in the business management field.
The average salary for Business Management is R379,565 each year. The highest paying skills connected with this job are Strategic Task Management and Business Technique. To read more on Business Management courses click here.
Matric College offers its students the opportunity to study from anywhere in South Africa, via distance learning making it possible for you to earn while you learn. Matric College was born of the belief that every person deserves the opportunity to achieve their Matric, no matter what their age. Matric College also offers various courses, both accredited and non-accredited, to help students achieve their goals.
When looking for certified ICB Courses, ICB Business Management courses are a wonderful option. The ICB Business Management National Certificate Course is the first in the program, followed by the ICB Business Management Higher Certificate, and finally the Diploma level course. These courses will offer you with qualifications in a Scarce Skill, making you a more desirable candidate for employers.
If you are looking to further your studies in the financial or business management field, the ICB courses are just what you are looking for. There are 3 study programmes offered to Matric College students and they are:
National Certificate in Junior Bookkeeping
FET Certificate in Senior Bookkeeping
National Diploma in Technical Financial Accounting
National Diploma in Certified Financial Accounting
Small Business Financial Management: ICB National Certificate
Business Management Office Administration: ICB Higher Certificate
Business Management Financial Accounting: ICB National Diploma
National Certificate in Small Business Financial Management
Higher Certificate in Office Administration
National Diploma in Financial Accounting
No Matric? No problem! You can apply to do your Online Matric via distance learning at Matric College. The Matric Courses on offer are:
National Senior Certificate or Senior Certificate (Amended) depending on your age when you complete your studies
- Matric Equivalent
Will I make a big salary for a Business Management career?
If you follow a career in business management, the chances are high that you will have excellent earning capacity. Nevertheless, you need to keep in mind that you will need to work your way up the ranks. It typically takes years of practical working experience prior to you have the ability to make your preferred salary.
Whether you make a huge salary or not will depend on a variety of factors. It will also depend upon your own meaning of a “huge salary”.
What aspects affect the size of a salary for Business Management managers?
The size of your salary for Business Management is most likely to be impacted by the following elements:
- The size of the company for which you work.
- The quantity of experience you have.
- The market where you work.
- The kind of business for which you work.
- The skills and qualifications that you have.
- The tasks and duties associated with your position.
- The level of seniority of your position.
- The other advantages and rewards related to your position.
There are lots of things you can do to work towards a career in business management. The initial step is to discover an appropriate business management course at a recognized college. Skills Academy, for instance, uses a variety of business management courses by means of distance learning.
In addition to studying an appropriate course, you can do the following to increase your opportunities of success worldwide of business management:
- Work as a volunteer or intern to acquire important practical experience in business environment.
- Ask an experienced business manager to be your mentor.
- Participate in workshops and workshops that deal with subjects associating with business management.
- Sign up for established business magazines and business journals.
- Network with other business experts.
The Institute of Certified Bookkeepers
The Institute of Certified Bookkeepers is a Professional Body that has in fact existed due to the fact that 1931. In South Africa the functions of professional bodies use to incorporate both Professional Membership as well as Education and Training. Nevertheless, academic policies and laws over the last few years made these bodies divided those functions.
Therefore, the historical 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 solely dealing with 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 suggests that the ICB is authorized by FASSET to recognize training business. Serve as the assessment (exams) body for the ICB courses, used by training companies accredited by them.
Currently the QCTO (the Quality Council for Trades and Occupations) remains in the procedure of handling the commitment for all SETAs. That implies that FASSET “falls under” the QCTO. This may have some result on the information of the accreditation process in the future. Both FASSET and the QCTO are bodies developed in regards to an Act of Parliament.
The ICB, under authority of FASSET (and quickly under authority of the QCTO), is liable for the quality control and assessments (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 recognized by SAQA as a Professional Body and for the registration of 7 professional classifications on the National Qualifications Framework (NQF).
Generally a student would study ICB qualifications, and on the strength of their qualifications, along with working experience, and staying with a professional standard procedure, have the ability to get Membership.
The primary objective of the ICBA is to supply professional membership to Junior and Senior Accounting professionals, in addition to Junior Accountants and Financial Accountants, in addition to Office Administrators. As an ICB student, you can get Trainee Subscription of the ICBA.
What are the advantages 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 get a great grasp of the realities of business world.
- You will find out about the Significance of team effort.
- You will learn how to handle people.
- You will discover entrepreneurship.
- You will have the ability to integrate your business management knowledge and abilities with a range of other abilities in order to pursue different career paths.
- You will learn about different elements of running your very own business.
- You will get a better understanding of exactly what to anticipate from employees.
- You will learn more about organizations and how they are structured.
- You will learn the best ways to connect better on a professional level.
Discover how to make a business succeed!
This programme is just the ticket if you have ambitions of managing a business and its finances.
Excellent business management is vitally important for a company’s industrial success. In this ICB programme, you’ll learn more about business and financial management best practices, office and legal practice, human resource management, computer literacy, worldwide business technique and research techniques in commerce.
Your first certification in simply 3 topics
You can achieve the ICB Business Management: Foundation Level after completing just 3 subjects (and achieve the National Certificate: Small Business Financial Management). Continue your studies to advance 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 equivalent
Subjects
Business Management 1 (BMT1)
Bookkeeping to Trial Balance (BKTB)
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 Researcher, Junior Analyst, Sales Assistant.
Exactly what I’ll have the ability to do Demonstrate an understanding of the paperwork, processing and recording of a business’s monetary transactions. Communicate effectively with the business stakeholders. Show that you know what it suggests to be a general supervisor. Cost and cost items and handle working capital. Run a computer.
Intermediate Level
Higher Certificate: Office Administration
NQF Level: NQF L5 – SAQA ID 23619, overall cumulative credits: 240
Duration: +15 months
Entry Requirements: National Certificate: Small Business Financial Management (must consist of business Management 1 subject)
Topics
Office and Legal Practice (OLPR)
Business Management 2 (BMT2)
Marketing Management and Public Relations (MMPR)
Financial Statements (FNST)
Human Resources Management and Labour Relations (HRLR)
What my title can be: Senior Office Administrator, Secretary, General Office Manager, Human Resources Manager, Labour Relations Supervisor, Field/Floor/Store/ Department Manager, Customer Service Supervisor.
What I’ll have the ability to do: Manage your diary and work schedule as a manager. Operate effectively as a basic office supervisor of a business. Apply marketing, law, PR, and economics concepts in business. Prepare and analyze monetary statements and reports. Work efficiently with the HR and labour relations departments. Use business growth principles for regional and worldwide expansion. For more information you can read the ICB Office Administration page.
Advanced Level
National Diploma: Financial Accounting
NQF Level: NQF L6 – SAQA ID 20366, overall cumulative credits: 280
Duration: +12 months
Entry Requirements: Higher Certificate: Office Administration (should include the Business Management 2 subject)
Topics
Business Management 3 (BMT3)
Financial Management and Control (FMCL)
Financial Reporting and Regulatory Frameworks (FRRF)
Research Theory and Practice (by brief argumentation, subject: Business Management) (RTAP)
What my title can be:Financial Accountant, Accounting Officer (through SAIBA if you fulfill their criteria). Field/Floor/Store/ Department Supervisor, Key Account Supervisor, Business Supervisor, Business Specialist, Business Consultant, Service or Sales Supervisor.
What I’ll be able to do: Deal with management info systems at a business level. Prepare a business for internal/external audit. Apply principles of strategic intent and tactical thinking in a global business environment. Apply supervisory finance and control principles in an industrial environment. Draw up and translate monetary statements and reports in accordance with IFRS.
Test Dates and Venues
Classroom Trainees: Most colleges hold exams on-site monthly; inspect your college’s specific schedule.
Distance Learning Trainees: You can enter ICB tests in February, May, July, September, and November. Tests occur at ICB authorized assessment centres around southern Africa.
Important Note: Pay your ICB registration and assessment charges as early as possible so we can send your Portfolio of Evidence (PoE) ASAP. Your PoE is an extraordinary tool to assist your studies—do not leave it to the eleventh hour!
How to Enter for an ICB Exam
Classroom Trainees: Register through your specific college.
Distance Learning Trainees: Enter via the ICB Student Portal online.
Select your qualifications first.
Select subjects, exam dates, and locations.
Submit your entry with the required fee.
All trainees will receive an email confirming their entries.
Understanding the ICB Assessment Process
When you sign up for an ICB course, you must also register to be analyzed. This determines if you understand the material well enough to pass. Each programme is designed with particular outcomes—things you will be able to do as a result of your studies.
Credits and Learning Time
As defined by the South African Qualifications Authority (SAQA), 1 credit equals 10 notional hours. Notional learning hours represent the time taken by the average student to attain the specified learning results.
What Happens if I Fail?
Don’t stress if you do not pass the first time; you can get a second opportunity with an ICB Re-Assessment.
Status: “Not yet proficient” (did not pass).
Format: A single summative final exam.
Pass Mark: 60% (The exam counts 100% toward your grade; no PoE required).
Deadline: You must complete the re-assessment within 12 months of your original date.
Note: If you miss or fail the re-assessment, you cannot redo it. You must re-enter the subject and start over with a new PoE.
Your Portfolio of Evidence (PoE)
Logistics
Timeline: Your PoE appears 3–4 weeks after the ICB receives your exam entry.
Quantity: You get one PoE per subject, per exam. Distance learners receive theirs directly.
First Steps with your PoE
Check Details: Ensure your private information on the cover is correct. Notify your college or the ICB immediately if there are errors.
Preparation: Go through the entire PoE and fill in details where requested.
What’s Inside?
ICB Portfolio Administration Guide: Your crucial summary and step-by-step instructions for success.
Tests and Tasks: Each subject includes 3 Assignments and 2 Tests.
Distance Learners: These are found inside your PoE.
Classroom Trainees: Assignments are in the PoE; tests are provided by lecturers.
Response Books: Blank books to write your answers for tests and assignments.
Why the PoE Matters
The PoE ensures a deep understanding of course materials, providing you with skills you can use in your job from Day 1. It accounts for 30% of your final mark.
Final Exam and Grading
Submission
Before the Exam: Ensure everything in the Administration Guide is completed. Make a backup copy of your entire PoE.
Hand-in: Take your finished PoE to your final exam and hand it in there.
The Final Exam: Once finished, add your exam question and response papers to your PoE. You cannot send anything else to the ICB once the PoE is handed in.
Grading Scale
| Component | Weight | Requirement |
| PoE (Assignments & Tests) | 30% | Completed throughout the course |
| Final Exam | 70% | Must achieve at least 50% to pass |
Attendance Issues
Sick on Exam Day: Apply for a medical postponement with a doctor’s certificate.
Missed Exam: If you do not attend or postpone in time, you must start the subject over with a new entry and PoE.
Postponements: Check the Assessment Timetables for cut-off dates and fees. A subject can be delayed once only.
Results and Professional Growth
Getting Your Results
Results are released about 7 weeks after your examination. Distance learners can access these via the Student Portal or email.
Career and Further Study
Job Seeking: Use the ICB career portal in association with CareerJunction: www.icb.org.za/careers.
Global Recognition:
CIMA: Up to 6 exemptions for National Diploma (NQF 6) holders; 2 exemptions for Higher Certificate (NQF 5) holders.
ACCA: Up to 6 exemptions for National Diploma (NQF 6) holders.
Chartered Secretaries Southern Africa: Grants exemptions for certain ICB subjects.
Professional Membership
ICBA: The sister organization of the ICB; grants membership based on qualifications and experience.
SAIT (Tax Professionals): Recognizes the FET Certificate: Bookkeeping and National Diploma: Technical Financial Accounting. (Specific upgrade requirements apply within one year of joining).
Business Management short courses | Business Management salary per month
Last Updated: 18 March 2026