Are you thinking about studying financial management? One of the first things you might want to know is how much is a financial management course and how long it takes.
Financial management courses teach you valuable skills that can help you build a great career. The cost and duration depend on the type of course you choose.
Cost And Duration Of Financial Management Courses
There are different types of financial management courses to choose from. At Skills Academy, we offer NATED Courses and Provider Courses. Both options are great, but they are made for different kinds of students.
How Much Is A Financial Management Course In South Africa?
The cost of a financial management course depends on the course type you decide to go with.
NATED courses are more expensive because they are accredited and lead to a diploma. Provider courses are more affordable and focus on teaching the basics.
At Skills Academy, we want to make studying affordable for everyone. That is why we offer flexible payment plans. This way, you can pay in smaller amounts over time and still work towards your dream career.
How Many Years Is A Financial Management Course?
The time it takes to finish a financial management course depends on the type of course you choose:
NATED Financial Management Courses
- N4: This course takes 1 year.
- N5: This course takes 1 year.
- N6: This course takes 1 year.
So, it takes about 3 years for the coursework and 18 months for practical experience.
Provider Financial Management Courses
- Short Course: Takes 4 months.
- Certificate Course: Takes 8 months.
- Comprehensive Course: Takes 12 months.
Provider courses are shorter and teach the basics of financial management. They are a great choice if you want to learn quickly and start working sooner.
Get the tools to create business plans and manage costs. Enroll now and become confident in managing money!
Now that you know how much a financial management course costs and how long it takes, it is time to choose the right one for you. In the next section, we will help you decide which course fits your needs.
Choosing A Financial Management Course
Picking the right financial management course is an important step for your future. Whether you want to learn basic skills or earn a diploma, Skills Academy has a course for you. Let us help you understand your options and find the one that suits you best.
What Is Financial Management Certification?
A financial management certification shows that you can manage money and finances for a business or person.
At Skills Academy, you can earn certificates through our Provider Courses or work towards a diploma with our NATED Courses. Both types of courses give you the skills you need to succeed in the workplace.
Financial Management Course Modules
Financial management courses include NATED Courses and Provider Courses. Each one teaches different skills and has specific modules to guide you.
NATED Course Modules
NATED courses have three levels: N4, N5, and N6. Each level has its own modules that build your knowledge. Here is what you will study:
| NATED Course | Modules |
|---|---|
| N4 Financial Management | Financial Accounting, Computerised Financial Systems, Entrepreneurship and Business Management, Management Communication. |
| N5 Financial Management | Financial Accounting, Computerised Financial Systems, Entrepreneurship and Business Management, Cost and Management Accounting. |
| N6 Financial Management | Financial Accounting, Computerised Financial Systems, Entrepreneurship and Business Management, Cost and Management Accounting (Advanced). |
What Students Learn
- Financial Accounting: Learn how to manage financial transactions, prepare financial reports, and track a company’s income and expenses. These skills are important for understanding a company’s financial health.
- Computerised Financial Systems: Understand how to use software like Pastel to do payroll, bookkeeping, and organise financial data. This makes managing finances easier and faster.
- Entrepreneurship and Business Management: Learn how to start, run, and grow a business. This module also teaches about creating business plans and hiring staff.
- Cost and Management Accounting: Learn how to budget, calculate costs, and find ways to make businesses more profitable.
Provider Course Modules
Provider courses are shorter and teach the basics of financial management. These courses are divided into three types: Short Course, Certificate Course, and Comprehensive Course.
| Provider Course | Modules |
|---|---|
| Short Course | Introduction to Business English, Organisational Communication, Financial Management: Basic. |
| Certificate Course | All modules from the Short Course, plus Budgeting and Risk Management. |
| Comprehensive Course | All modules from the Certificate Course, plus Financial Management: Advanced and Strategic Decision-Making. |
What Students Learn
- Business English: Learn how to write emails, reports, and presentations. You will practise professional communication for the workplace.
- Organisational Communication: Understand how to work well in a team and develop leadership skills.
- Financial Management: Basic: Learn how to use financial documents like balance sheets and income statements. These are the basics of managing money.
- Budgeting: Learn how to create and manage budgets for businesses. This includes planning for big expenses and saving money where possible.
- Risk Management: Understand how to spot risks that might harm a business and find ways to reduce them.
- Financial Management: Advanced: Learn how to manage cash flow and analyse financial reports to make smart decisions.
- Strategic Decision-Making: Discover how to make important decisions that help businesses succeed.
Which Course Is Best To Become A Financial Manager?
Both NATED and Provider courses can help you become a financial manager. The right one depends on your goals and qualifications.
NATED Courses:
These courses are best if you want a diploma and a recognised qualification. They take longer to complete, but they include advanced topics and practical work experience. This is ideal if you want a higher-level job in finance.
Provider Courses:
These courses are great if you do not have matric or want to finish quickly. They teach basic skills and are perfect for beginners or people looking for entry-level jobs in finance.
Is This Course Right For Me?
Financial management courses are a good choice if you want to learn about managing money and solving problems. Here is who these courses are perfect for:
- People Interested in Finance:
- Aspiring Business Owners:
- Students Without Matric:
- Professionals Looking to Improve:
- Career Changers
People Interested in Finance: If you like working with numbers and solving money problems, this course is a great fit.
Aspiring Business Owners: If you want to start your own business, these courses teach you how to handle finances and grow your company.
Students Without Matric: If you do not have matric, our provider courses are an easy way to start learning valuable skills.
Professionals Looking to Improve: If you already work and want to upgrade your skills, these courses can help you advance in your career.
Career Changers: If you want to switch careers, this course is a great way to gain the skills needed for a new job in finance.
Get started with finance basics like budgeting and planning. Join our courses today and feel more confident about money!
Once you have chosen your course, the next step is to check the requirements. In the next section, we will explain what you need to enrol in and how to get started.
Course Requirements For Financial Management
Before starting a financial management course, you need to know if you qualify. At Skills Academy, we make it easy for almost everyone to enrol. Whether you want to do a NATED Course or a Provider Course, there is a course for you.
Financial Management Course Requirements
The requirements depend on the type of course you want to study. Here is what you need:
NATED Courses
To enrol in a NATED course, you must:
- Have a Matric Certificate: You need to have finished matric. This shows you are ready for the course.
- Do the Levels in Order: Start with N4, then move to N5, and finish with N6. Each level builds on what you learned before.
Provider Courses
Provider courses are easier to join because you do not need matric. You will need:
- Basic Reading and Writing Skills: You need to understand English so you can complete the coursework.
- A Willingness to Learn: These courses are perfect for beginners, so you do not need to know anything about finance before starting.
Provider courses are a great choice if you want to start learning quickly without any strict requirements.
What Subjects Do You Need To Be A Financial Manager?
At Skills Academy, there are no specific subjects you need to study financial management. However, if you are still in school, these subjects can help:
- Mathematics: Maths is useful because it helps you work with numbers and do calculations, which are important in finance.
- Accounting: Accounting teaches you how to manage financial records, budgets, and balance sheets. This will make financial management easier.
- Business Studies: This subject helps you learn how companies work and teaches you about planning and decision-making.
These subjects are not required, but they can give you a good head start.
If you meet the requirements, you can begin your studies and work toward an exciting career in finance. In the next section, we will talk about the amazing jobs you can get with a financial management qualification.
Careers In Financial Management
Financial management is a career with many exciting job opportunities. In South Africa, financial managers are needed to help businesses handle money and make smart financial decisions. With the right qualifications, you can work in many different roles.
What Jobs Can A Financial Manager Get?
There are many jobs you can do as a financial manager. Here are some examples and what they involve:
- Financial Analyst
- Treasurer
- Controller
- Risk Manager
Financial Analyst
Financial analysts look at data to help businesses decide how to spend or save money. They study market trends, company budgets, and reports to give advice on the best financial strategies. This job is great if you enjoy working with numbers and problem-solving.
Treasurer
A treasurer is in charge of a company’s money. They manage budgets, plan investments, and make sure there is enough cash for daily operations. Treasurers also look for ways to save and grow the company’s money.
Controller
Controllers keep track of a company’s finances. They make sure financial reports are correct, manage budgets, and ensure the business follows financial rules. This job is important for keeping a company’s money organised.
Risk Manager
Risk managers identify and reduce risks that could cost a company money. They protect businesses from unexpected expenses, fraud, or market changes. This job is perfect for someone who likes solving problems and thinking ahead.
What Are 3 Job Duties Of A Finance Manager?
Finance managers have many responsibilities. Here are three of the most important ones:
- Financial PlanningThey create plans to help the company achieve its financial goals. This includes analysing budgets and predicting future income and expenses.
- Budget ManagementFinance managers make sure the company spends money wisely. They approve expenses and find ways to save money.
- Financial ReportingThey prepare detailed reports to show how the company is doing financially. These reports help business leaders make decisions.
How Much Do Financial Managers Earn?
The salary of a financial manager depends on experience and the size of the company. In South Africa, you can expect:
- Entry-Level Financial Manager: R25,000 to R35,000 per month.
- Experienced Financial Manager: R40,000 to R60,000 per month.
- Senior Financial Manager or CFO: R80,000 to R120,000 per month.
What Is The Lowest Salary For A Financial Manager?
The lowest salary for a financial manager in South Africa is about R25,000 per month for entry-level positions. This amount increases as you gain more experience and skills.
A career in financial management is rewarding and full of opportunities. With the right training, you can choose from many roles, from analysing data to leading financial teams.
Are you ready to start your career in financial management? Sign up for a financial management course today and take the first step toward a successful future!
Frequently Asked Questions
Yes, financial management is in demand in South Africa. Jobs like finance manager, tax accountant, and treasury accountant are especially needed. Companies are always looking for skilled people to handle money.
If you have a Diploma in Financial Management, you can earn around R20,000 per month. Your salary can go up as you gain more experience.
It takes about three years to complete a Diploma in Financial Management. You will study N4, N5, and N6 courses, each lasting six months, followed by 18 months of work experience.
You can study finance at Skills Academy, Matric College, or Bellview Institute of Distance Learning. These schools offer flexible learning options and courses to suit your needs.
You do not need advanced math for finance, but basic math is important. It helps you understand calculations and manage money better.
