If you want to study N6 Financial Management, there are a few N6 financial management courses requirements you need to meet first, like:
- Completed N4 and N5 Financial Management: You have to finish two courses called N4 and N5 Financial Management before you can start N6
- Proof of Completion: You’ll need to show proof, like a certificate, that you passed these courses
- Interest in Finance: If you like math or playing with budgets, you might find this course more fun!
This article will guide you through everything you need to start your journey in financial management and more.
N6 Financial Management Courses Requirements In South Africa
The N6 Financial Management course is a step up from N4 and N5. In South Africa, you must complete both N4 and N5 before starting N6. This makes sure you are ready for the advanced topics in N6.
What Subjects Do You Need To Be A Financial Manager?
At Skills Academy, there are no specific high school subjects required for financial management. However, some subjects are recommended. Maths, Economics, and Business Studies are helpful because they give you a good start with numbers, problem-solving, and business knowledge.
Can I Do Financial Management Without Accounting?
Yes, you can study Financial Management without an accounting background. The NATED programme includes basic accounting, so you will learn all the skills you need in the course.
Which Subject Is Best For A Finance Manager?
One of the best subjects for a finance manager is Mathematics. Maths helps you with calculations, budgeting, and understanding financial reports. These skills are important for a finance manager and are used every day in finance jobs.
Now that you know the entry requirements for N6 Financial Management, let us move on to Why Study Financial Management? to see the benefits of choosing this field.
Why Study Financial Management?
Studying financial management can lead to many exciting jobs in the finance world. With an N6 qualification in financial management, you learn important skills that can help you start a career in finance.
In this section, we’ll explain what you will learn in the N6 course and why it’s a great choice for your future.
What Is N6 In Financial Management?
N6 in Financial Management is the last level of a finance course. When you finish N6, you’re ready for more important jobs in finance. After you finish N6 and work for 18 months, you can get a special certificate called a National Diploma in Financial Management, which can help you get good jobs.
N6 Financial Management Subjects
The N6 Financial Management course has several subjects that each cover important finance skills. Here is a table with the main subjects and what each one teaches:
| Subject | What You Will Learn |
|---|---|
| Financial Accounting N6 | Learn advanced accounting, like preparing detailed financial statements and analysing financial data. These skills help you understand how a business is doing financially and make smart money decisions. |
| Cost and Management Accounting N6 | Learn to manage costs and create budgets. You will study ways to reduce expenses and help a business save money. This is important for making smart financial choices. |
| Computerised Financial Systems N6 | Learn to use advanced financial software. You will work with programs that make managing money easier and more accurate. Knowing these tools is important for finance jobs today. |
| Entrepreneurship and Business Management N6 | This subject teaches you the necessary theoretical skills needed in financial management. You will focus on operations management, controlling the business, staffing and much more. |
Is N6 A Good Qualification?
Yes, an N6 in Financial Management is a valuable qualification. It shows that you have learned advanced finance skills, which are important for many jobs in finance. Completing N6 and getting work experience can help you qualify for better jobs.
Accreditation Status
The N6 Financial Management course is part of a program approved by South Africa’s Department of Higher Education and Training. This approval means the course is high-quality and recognized by employers. When you complete it, you get a certificate that shows your skills, which can help you get a job.
Learn finance basics that will help you succeed in the real world—start your journey with Skills Academy’s N6 course.
An N6 Financial Management qualification is a great step into the finance world. With this qualification, you can choose to keep studying or start working in finance. Let’s see what kinds of jobs you could get with this qualification.
N6 Financial Management Career Path
Once you finish your N6, you have options! You can either go on to learn more, or you can start a job in finance right away. Here’s what you can do after getting your N6.
What to Do After Completing N6 Financial Management
Once you finish N6 in Financial Management, you have two main options:
- Get Your Diploma: To earn a National Diploma in Financial Management, you need to complete 18 months of work experience in a finance job. After this, you can apply for your diploma, which makes your qualification even stronger.
- Start Working: With your N6 certificate, you can begin looking for entry-level jobs in finance. These jobs help you gain experience and build your career.
Can I Go To University With N6?
Some universities may accept an N6 qualification if you want to study further. Having your N6 plus work experience can make your application stronger. However, it is best to check with the university you are interested in, as each has its own entry requirements.
Can You Get A Job With An N6 Certificate?
Yes, there are several jobs you can apply for with an N6 certificate in Financial Management. Here are some options:
- Accounts Clerk: Keeps track of daily financial records, handles invoices, and makes sure payments are made on time.
- Payroll Administrator: Manages employee pay by tracking hours and processing payroll. This job requires good attention to detail.
- Financial Officer: Assists in preparing budgets, tracking expenses, and managing income for a company. This role helps keep the finances organised.
- Bookkeeper: Records all financial transactions, balances accounts, and handles invoices. Bookkeeping is key for accurate financial records.
- Junior Financial Analyst: Helps analyse financial data, prepares reports, and suggests ways to improve finances. This job is great for learning about financial analysis.
Is Financial Management In Demand?
Yes, financial management is in demand in South Africa. Many companies need people who can manage money, budgets, and financial planning, making it a strong career with many job options.
With an N6 qualification, you have plenty of career paths to explore. In the next section, let us look at the Financial Management Salary to see what you can expect to earn in this field.
Financial Management Salary
With an N6 Financial Management qualification, you can start working in finance and earn a good income. Here, we will look at the salary range for jobs you can get with an N6 qualification and what the starting salary is for a financial manager.
N6 Financial Management Salary
Here are some entry-level jobs you can apply for with an N6 qualification in Financial Management and their average monthly salaries:
- Accounts Clerk: R10,000 – R15,000 per month. Accounts Clerks help keep financial records organised and handle payments and invoices.
- Payroll Administrator: R12,000 – R18,000 per month. Payroll Administrators make sure employees are paid correctly and on time. They track work hours and process payroll.
- Financial Officer: R15,000 – R20,000 per month. Financial Officers assist in managing budgets, tracking income and expenses, and ensuring the company’s finances stay on track.
- Bookkeeper: R10,000 – R18,000 per month. Bookkeepers record financial transactions, balance accounts, and manage invoices. They play an important role in keeping financial records accurate.
- Junior Financial Analyst: R15,000 – R25,000 per month. Junior Financial Analysts analyse financial data, create reports, and help find ways to improve company finances.
What is the Lowest Salary for a Financial Manager?
The starting salary for a financial manager in South Africa can be around R20,000 per month. This salary may vary based on the company, location, and experience. Financial managers with more experience can earn much higher salaries. (Source: Indeed South Africa)
Concluding Thoughts
An N6 Financial Management qualification opens up many career paths and income opportunities in finance. Whether you are looking for an entry-level job or aiming to grow in finance, this qualification is a strong start.
Dream of success in finance? Start with our trusted N6 Financial Management course, where every lesson takes you one step closer.
Frequently Asked Questions
The N6 Financial Management course takes about 12 months to complete. You will study each subject, do assignments, and prepare for exams. After N6, you need 18 months of work experience to earn a National Diploma.
No, finishing N6 does not mean you graduate with a diploma. To get a full diploma, you also need to complete 18 months of work experience.
At Skills Academy, the best finance course for you depends on your goals. The N4 to N6 Financial Management programme is a good choice because it teaches important finance skills and can lead to a diploma, opening up many job options.
Finance managers look after a company’s money. They plan budgets, keep track of expenses, and help make financial decisions to use the company’s money wisely.
