The only requirement for Financial Management is that you passed your maths subject in high school, whether it was Maths or Maths Literacy. Some recommended subjects are:
- Business Studies
- Economic and Management Sciences
Does Financial Management Require A Maths Subject In High School?
No, you do not need Maths to be able to study financial management. While you do need basic maths skills, you can have Maths Literacy and still study a financial management course at certain institutions.
Can I Study Finance With Maths Literacy?
Yes, you can study financial management with Maths Literacy. However, this depends on where you study. Some institutions require you to have taken Maths to study a financial management course.
Can I Do Financial Management Without Matric?
Yes, there are some reputable distance learning colleges that offer provider programmes, otherwise known as short courses, in financial management, such as:
These provider programmes are open-access, meaning you only need to be able to understand, read and write in English and be over the age of 16 to be able to apply to study one of these courses.
Where Can I Study Financial Management In South Africa?
You can study for a Degree in financial management at many universities, or you can study a NATED Financial Management course. These courses are fully accredited and recognised as formal qualifications. These courses are recognised both locally and internationally.
What Does A Financial Manager Earn In South Africa?
The pay scale for a Financial Manager in South Africa is: R258 000 – R987 000 per year.
How Long Does It Take To Study Financial Management In South Africa?
This depends on what course you study. If you study for a Bachelor’s Degree in financial management, it will take a minimum of four years to complete your Degree.
If you study a NATED course, it will take a minimum of three years to complete your Diploma. This consists of three certificate levels of six months each, followed by 18 months of work experience.
If you study a short course, it depends on where you study and what course you study. The three Financial Management short courses at Skills Academy range from four months to 12 months.
Is Financial Management A Good Career In South Africa?
Yes, financial management is a good career in South Africa. The finance industry is expanding all the time, and the demand for employees in the finance industry is growing with it. This ensures better job opportunities and more job security.
What Does A Finance Manager Do In A Company?
The roles of a financial manager can include, but are not limited to:
- Risk assessment
- Internal auditing
- Financial statements
- Finance reports
What Have We Learned?
- The only subject requirement is that you have passed your maths subject
- You can study financial management with Maths Literacy
- You can study financial management without Matric
- Studying financial management can take between four months and four years to complete, depending on what qualification you are studying
- Financial management is a good career in South Africa, as this has many employment opportunities
Author: Chloe Bydawell
Editor: Razeen Dollie
Date: July 13, 2022