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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.

Business Career Outlook

Business Professional Careers

The graph shows historical and projected (to 2020) employment levels (thousands) for this occupation.

Source: *Job Outlook Government website. ABS Labour Force Survey, Department of Employment trend data to November 2015 and projections to 2020. Estimates have been rounded.

Over the five years to November 2019, the number of openings for jobs in business to be between 10,001 and 25,000, making the vacancy level for this role as an area of growth.

Job openings include employment growth as well as turnover. This is defined as people leaving their occupation for other employment or leaving the workforce. In the next 5 years, these roles will grow 23.3 per cent, creating potential job openings (this compares with 6.9% across all occupations).

The large size of jobs in this occupation (51,200 in November 2015) suggest that opportunities should be available in most regions of Australia. These roles are expected to grow strongly right up until November 2020.

Over the five years to November 2019, the number of job openings for workers is expected to be above average (between 25,001 and 50,000). Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce).

Employment for people in these roles to November 2019 is expected to grow slightly. Employment in this large occupation (51,800 in November 2014) fell in the past five years and rose slightly in the long-term (ten years).

Business Manager Salary

Business Professional Salary

Source: *Job Outlook Government website. ABS Labour Force Survey, Department of Employment trend data to November 2015 and projections to 2020. Here is the information for Business Manager salary.

Positions similar to Business Professional, Human Resource Management roles and Event Management roles in Australia earn an average of $2000 per week at full-time hours. Part-time they can expect to earn $1850 per week within Australia. lists the wage for a role in similar roles to Business Professionals (living in Sydney, managing a team of 20, with 5 years’ experience) as being between an average of $70 000 per annum and $164 910 at the highest end of the market.

Please note: For roles in business, rates of pay will vary depending on the type of business and the type of environment.

Estimates have been rounded and because of this, some discrepancies may occur between sums of the component items and totals. Note: These figures are indicative and cannot be used to determine a particular wage rate.

Full-Time or Part-Time Business Manager?

Business Professional Weekly Hours Worked

Source: *Job Outlook Government website. ABS Labour Force Survey, Department of Employment trend data to November 2015 and projections to 2020.

The graph shows the average weekly hours (by gender and full-time and part-time) worked for these positions (like or similar to) HR and Event Management, compared with all occupations. 

Average weekly hours worked full-time in the Business Practice occupation is 46.5 for men and 42.2 for women. Roles tend to be full time, with men working 21.0 hours part time and women working 19.7 weekly hours part-time.

Business Manager Age Profile

Business Professional Age Profile

Source: *Job Outlook Government website. ABS Labour Force Survey, Department of Employment trend data to November 2015 and projections to 2020.

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 45-54 age bracket, with around 32.8% of workers in this age group.

9.6% of Business Practice workers are older than 55 while only limited manager roles within Event Management, HR (and otherwise) are younger than age 19.

Business Professional Education Levels

Business Professional Employment Levels

Source: *Job Outlook Government website. ABS Labour Force Survey, Department of Employment trend data to November 2015 and projections to 2020.

Available data for these jobs shows that 20.1% of roles held an Advanced Diploma / Diploma. A large proportion of people in roles similar to this hold a bachelor degree and there are a small percentage of people working who have only competed Year 12.

Trends in the Business Industry

How big are Australian businesses? According to the Business Report Card from the Australian Bureau of Statistics, In 2014-15, business entry and exit rates were highest for businesses with no employees. 61% of actively trading businesses in Australia had no employees, 28% had 1-4, 9% had 5-19, 2% had 20-199, and less than 1% had 200 or more.

Among businesses operating in both June 2014 and June 2015, there was net movement away from having 1-19 employees in June 2014 towards either having no employees or having more than 19 employees in June 2015. Most businesses actively trading in Australia in June 2015 were unincorporated businesses owned and operated by the household sector.

The more employees an ongoing business had the more like it would survive.

Business Courses: What Business Qualification Do You Need?

Diploma of Business

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

Certificate IV in Business

This course will help you develop a wide range of business skills and give you tools in communication, customer service, finance, management and marketing.

Certificate III in Business

The course has been designed by industry professionals to help you succeed in the business world by developing skills like customer service, financial processing and resources coordination.

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.

Certificate IV in Business Administration (Finance)

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.

Dual Qualification: Certificate IV in Business Administration and Certificate IV in Leadership and Management

This double qualification will give you leadership and management and business administration skills, and could give you a business advantage over other potential candidates.

Certificate III in Business Administration

A professional and diverse introductory course which will give you all the basic knowledge to perform as a top-level business administrator.

Certificate III in Business Administration (Legal)

This course has been custom-designed by industry experts to introduce you to the legal system for legal secretarial, legal receptionist or support work.

Certificate IV in New Small Business

This accredited course has been specifically developed to help aspiring business owners and managers establish sound frameworks for their small businesses.

Statement of Attainment - Small Business Essentials

This course is designed to deliver core business management skills to owner-operators, sole traders or managers of small enterprises.

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. Read Tips and Advice from Australia’s Leading Business Experts.

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. Read 7 Lessons from Famous Team Leaders.

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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