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How to Become a Business Manager - Career Salaries, Job Stats & Education

How to Become a Business Manager - Career Salaries, Job Stats & Education

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/ How to Become a Business Manager - Career Salaries, Job Stats & Education

Thinking of a Business Career?

If you’d like to work as a Business Manager or Business Professional, you might do this within a Business Practice, or in Human Resource Management (HR) or Event Management. Here is everything you wanted to know about this exciting profession. Business roles are a great place for the self-starting business entrepreneur to make their mark for their clients and with the right study and training behind you – you can be a success in any one of many exciting areas of Business Practice.

Work hours of a Business Manager

Please note that the statistics mentioned below are of Sales and Marketing Managers who may also specialise as Business Development Managers and Market Research Managers. 

Full time workers spend around 46 hours per week at work (as compared to the average if 44 hours per week)

Source: *Job Outlook Government website. ABS Census 2016, Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06)

Business Manager age profile

Source: *Job Outlook Government website. ABS Census 2016. 

This data shows the share of employment in percentage by age profile, when compared against all other occupations. Business Manager and Business Professional positions are most highly represented in the 35-44 age bracket, with around 33.4% of workers in this age group.

7.5% of Business Practice workers are older than 55 while only 4% roles have staff in the age bracket of 60-64. 

Business professional education levels

Source: *Job Outlook Government website. ABS  Census 2016 2015.

Available data for these jobs shows that 33.4% of roles held a Bachelor degree. A large proportion of people in roles similar to this hold a Post Graduate/Graduate Diploma or Graduate Certificate degree. 

Trends in the business industry

How big are Australian businesses? According to the Business Report Card from the Australian Bureau of Statistics, In 2017-18, the rates of businesses entering the market sector in Australia (15.8%) and those exiting (12.5%) were higher than in the previous year (15.1% and 12.0% )

Business courses: What business qualification do you need?

 BSB50215 Diploma of Business

A comprehensive and all-round course to get your foot in the door of a business career.

BSB40515 Certificate IV in Business Administration

The next step up for the career administrator, this course provides high-level administration skills to efficiently manage office professionals.

BSB40515 Certificate IV in Business Administration (with Finance electives)

With a focus on financial skills, this is an all-round course that will prepare you to take on a variety of in-demand office administration roles.

BSB50618 Diploma of Human Resources Management 

Take on senior roles with this nationally recognised human resources diploma  by fast tracking your career with advanced management and leadership skills. 

BSB41015 Certificate IV in Human Resources 

Learn to select, recruit and induct staff into an organisation, support performance management practices and manage effective workplace relationships. 

 BSB51918 Diploma of Leadership & Management

Get the skills to competently step up into a management role. This diploma is created in consultation with industry to provide you with practical and contemporary content. 

BSB42015 Certificate IV in Leadership & Management

Learn the fundamentals of leadership with this nationally accredited qualification. 

Dual Qualification: BSB40515 Certificate IV in Business Administration and BSB42015 Certificate IV in Leadership & Management

Become an expert in business administration and a great leader who gets the best out of their team. 

BSB40320 Certificate IV in Entrepreneurship and New Business

This nationally accredited course has been designed to help aspiring business owners and managers establish solid foundations for their small businesses. 

BSB42415 Certificate IV in New Small Business and Certificate IV in Marketing and Communication 

Add marketing expertise to your small business management skills to get a head start against the competition, without extended costs or study time.

Why study business through Open Colleges?

Our Business Courses are delivered online, giving you the flexibility of organising your business practice study around your life. You can enrol anytime of the year and study subjects like event management, human resource management and HR at your own pace. 

Among other things, you'll learn how to manage job projects, budgets and financial plans and to facilitate continuous Business Practice improvement and ensure a safe workplace. Discover more about this profession with this infographic Your Career in Business.

You’ll also learn key HR and Human Resource Management skills, such as how to manage quality customer service, ensure team effectiveness, manage people performance and recruit, select and induct staff. Discover Australia’s Most Inspirational Women Online Sharing Their Secrets.

Your course includes comprehensive student support to help you throughout your study. Some of the business practice diplomas and certificates allow you to graduate with a government-accredited, nationally recognised manager or human resource manager qualification that can boost your chances of employment. 

Business Manager interview

Sarah Riegelhuth

Co-founder and Managing Director of Wealth Enhancers
Co-founder of League of Extraordinary Women

In two sentences, tell us what a bit about your role; working in a corporate environment.

I'm the Managing Director of an award winning Gen Y Financial Advisory firm that focuses on providing a full financial service offering to young professionals, sports and entertainment professionals and entrepreneurs. There is a lot of responsibility that comes with running an organisation like this, and I thrive on that fact. I work with an amazing group of people in both Melbourne and Sydney, who are professional, intelligent, passionate about what we do, and a bit of fun too! Ultimately, my role is to grow the business by leading my team to provide exceptional service and advice to their clients.

What do you do on a day to day basis?

It's hard to find routine, however I do my best! If I'm in the office, my day consists of a morning meeting with everyone around the country, checking in with my key team members and areas of the business (this includes business development, client services, provision of financial advice, marketing and public relations, human resources, business finances) and of course... fending off the emails!

If I'm out of the office it's generally back to back meeting, checking emails and social media on the go in order to stay on top of things. As the owner of the business, I always need to be building and maintaining relationships with other business owners and people who we do business with. There are also plenty of interviews with journalists and I'm often booked to speak at events on personal and business finance and entrepreneurship.

What are the best parts of the job?

The variety, and working with people: my two favourite things. I get bored easily and love the thrill of having a full plate and problem solving my way through each week! I also absolutely love what we do as a business, and that's what really drives me - knowing that we are changing the way a generation of Australians view their money, it's very exciting.

What skills/attributes do potential workers need to have?

Definitely the ability to cope with stress, along with being able to manage a wide variety of business areas without feeling overwhelmed and importantly, being empathetic toward your staff. Being able to inspire those around you with the business vision, and maintain a positive business culture, are also crucial skills.

What’re your favourite things about working in the Business Management Industry?

Ultimately money makes the world go round, and I view this in a very positive light. I love the fact that every day my business is empowering people to take control of their finances, set meaningful goals and build a plan to reach them. It is an extraordinarily good feeling to know that through our advice we are actually changing lives.

Thanks, Sarah, for sharing your story with Open Colleges.

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