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
National Certificate in Small Business Financial Management
Higher Certificate in Office Administration
National Diploma in Financial Accounting
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 and TWP 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.
( NQF L4 – SAQA ID 48736, total credits: 120).
Grade 11 (Std 9) or equivalent.
- 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.
( NQF L5 – SAQA ID 23619, overall cumulative credits: 240).
National Certificate: Small Business Financial Management (must consist of business Management 1 subject).
- 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.
( NQF L6 – SAQA ID 20366, overall cumulative credits: 280).
Higher Certificate: Office Administration (should include the Business Management 2 subject).
- 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
Class trainees: Most of the colleges hold exams on-site monthly, so inspect exactly what your college\’s schedule is.
Distance learning trainees can enter the ICB tests in February, May, July, September and November. Tests occur at the ICB authorized assessment centres around southern Africa.
Pay your ICB registration and assessments charges as early as possible, so we can send you your PoE ASAP. Your PoE is an extraordinary tool to assist you study. Do not leave it to the eleventh hour or you\’ll really be disadvantaging yourself!
Enter for an ICB exam
Class trainees will do this through their colleges.
Distance learning trainees will enter upon the ICB Student Portal online
Select your qualifications at first. Then select he subjects, exam dates and locations for your examinations, and send your test entry together with the required fee. All trainees will get an e-mail validating their examination entries.
How does ICB examination work?
When you sign up to study an ICB course, you\’ll also have to sign up to be analyzed for it. This is so that they can determine at the end of it whether you know and understand the course material all right to pass. Each ICB programme is designed to have particular outcomes. These outcomes are things that you will have the ability to do and comprehend as a result of your studies. This is the most important part of the ICB assessment policy.
Each outcome requires a particular amount of time for you to achieve 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 average student to attain the specified learning results.
Exactly what occurs if I fail my ICB exam?
Don\’t stress if you do not pass first time, you can get a second opportunity, With an ICB Re-Assesment If you are assessed as \’not yet proficient\’ in a subject (you did not pass it), you will have a chance to compose one re-assessment, which is only a summative last exam with a pass mark of 60% (no PoE required– the exam counts fully towards your grade).
You should finish the re-assessment within 12 months of your original summative assessment date. We do suggest you compose your re-assessments as soon as you can, as subject material does change. If you miss your re-assessment, or you are \’not yet qualified\’ in it, you cannot renovate it. You will have to re-enter for the subject and start it over by finishing a brand-new PoE.
When do I get my Portfolio of Evidence?
Your PoE will appear 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 tailored to that particular topic. Distance learning students will get their Portfolios straight.
What must I do when I get my PoE?
Analyze that your private information on the cover are right. Let you\’re your college/the ICB comprehend As Soon As Possible if anything is wrong.
Go through the entire PoE and fill in details where you are asked to.
Exactly what\’s inside my PoE?
Your ICB Portfolio Administration Guide
This is your crucial summary of studying your ICB subject!
Your ICB Administration Guide tells you exactly what to do throughout your ICB research studies. It talks about methods to complete your PoE, and contains great deals of types you need to finish.
Overcome it step by step and follow all the directions in it, and you\’ll be on track for success!
ICB Tests and tasks
For each subject, the ICB sets 3 Assignments and 2 Tests that assist you to assess your knowledge during your studies.
Distance learning trainees will find ICB Tests and Assignments in their PoE when it gets here.
Classroom-based trainees will get their ICB Projects in their Portfolios, and their ICB Tests will be provided by their speakers throughout their research studies.
You\’ll likewise find blank response books in your PoE for you to compose the answers to your ICB Tests and Assignments in.
Why is my PoE so crucial?
The ICB finding experience is special– our scholastic group has actually created it to offer you the absolute best possible chance of learning successfully and passing your topic the first time.
However it\’s not almost passing the test Our approach ensures you get a deep and extensive understanding of your course products.
So you don\’t just get a credentials– you acquire abilities that you can use in your job from day 1.
When do I hand in my PoE?
A couple of days prior to your last examination, go through the list in your ICB Portfolio Administration Guide and make sure you have in fact done and consisted of everything. Make a copy of our whole 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 need to include the exam concern and response papers to your PoE, and hand everything in together. You can not send out the ICB anything else for your PoE after you have actually handed it in.
Sick on exam day?
You can apply for a medical postponement and you\’ll need 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 start 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 easy. 30% of your final mark comes from the activities and assessments you undertake throughout your course. Your Portfolio of Evidence (PoE) is a folder offered to you at the start of the course, once you have actually registered for an assessment with the ICB. You\’ll need to put any assignments provided to you as well as the tests you take in it. Your PoE is complete when your final assessment is added to it at the end of your course.
Your final assessment will count for the staying 70%– this is your exam. You will need to include it in your PoE, which an ICB-registered assessor will then check to see if you actually know your stuff. You\’ll have to get at least 50% for this exam to pass, no matter your general mark.
This does not suggest that you can slack with your activities and assessments throughout your studies, as they completely prepare you for the final assessment, as well as offer evidence of the hard work you\’ve.
What takes place if I need to postpone an assessment?
Ought to you have to delay your ICB exams then you will need to examine the Assessment Timetables to see when you need to submit postponements by and pay a post ponement cost. There are cut-offs for these for each assessment cycle so make sure you ask for a post ponement in time.
If you need to delay your assessment since you\’re ill on the day, you can apply for a complimentary postponement (consist of a physician\’s certificate with your request), which might be provided at the ICB\’s discretion. Assessment for topics can be delayed once only if we have received your post ponement cost in time.
Results are released about 7 weeks after your examination. See the ICB exam timetables for results launch dates.
Distance learning students will have the ability to get their results on the Trainee Portal, and they will also be emailed to you.
Register with a professional body
If you have in fact finished a complete accreditation, you can apply to register with a professional body like the ICBA.
What I can do with my ICB qualifications
In addition to making you attractive to employers and customers, your ICB qualifications can likewise lead you to these chances:
Study even more with the ICB
Accredited, credible and identified qualifications
All ICB qualifications are signed up on the National Qualifications Framework (NQF) by the South African Qualifications Authority (SAQA). Our programmes are valued by employers, and our graduates are identified in your area and internationally by a number of professional bodies. ICB qualifications are modular, which means you can build on them as your studies or career progress. You can likewise qualify in another programme just by completing a couple of more subjects. See the table on page 7 for more.
In association with CareerJunction, South Africa\’s hugely popular job site, you can browse and apply for financial and admin positions at www.icb.org.za/careers
Study even more elsewhere with credit for your ICB certification
The Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) are appreciated, worldwide, accounting professional bodies – locateded 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 qualification 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 get as much as 6 exemptions to advance your studies to ending up being a Chartered Certified Accounting professional with ACCA.
Chartered Secretaries Southern Africa uses numerous professional qualifications in this specific field of corporate governance, and grants exemptions for certain ICB subjects.
Professional Membership Opportunities
As soon as you have actually completed your studies through the ICB, there are numerous local and worldwide professional bodies that you can apply to for professional membership.
The ICBA is the sister organisation of the ICB and grants membership … at a number of levels based on your qualification(s) and work experience. The ICBA acknowledges all the ICB’s present qualifications, in addition to other relevant qualifications that are signed up on the South African National Qualifications Framework. Foreign qualifications are likewise identified, as long as they have been evaluated by SAQA.
If you want to register as a tax professional, you\’ll have to end up being 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 qualification should upgrade this to the National Diploma: Technical Financial Accounting within a year of becoming a member. SAIT has several other membership requirements– please call them for details.
Last Updated: 11 January 2022