Accountants prepare, maintain, and examine the accuracy of financial statements for an organization. They ensure all financial records, such as balance sheets, income and loss statements, cash flow statements, and tax returns, are compliant with federal laws, regulations, and generally accepted accounting principles (GAAP). They can also be responsible for identifying and resolving any discrepancies in records, statements, or documented transactions.
Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business.
Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy.[1][2] A narrower concept is human capital, the knowledge and skills which the individuals command.[3] Similar terms include manpower, labor, labor-power, or personnel.
Project managers lead complex, long- and short-term projects. They should be able to communicate across an organization. They plan resources, handle finances, and organize the business documents related to the project. In addition, project managers work directly with the higher management to ensure the project has a set direction for success; and that it meets this definition of success at the completion period.
A cross between information technology and entrepreneurship, business analytics is a fast-growing field owing to society’s shift to digitization. The job typically entails implementing various business information systems and overseeing market research to maximize a brand’s profitability.
Bookkeepers are responsible for providing accurate and up-to-date financial information about a business. They process and record the transactions of a business or company. These transactions include sales, purchases, payroll, payment of pay bills and more. Bookkeeping is important because accurate bookkeeping helps a business manage its cash flow so they can meet its financial obligations and plan its investments.
Average Salary: $60,232
An auditor is responsible for examining and verifying the financial records and reports of an organization to ensure that they are accurate and comply with the relevant laws and regulations. Auditors are typically employed by accounting firms or work in the internal audit departments of companies, government agencies, or nonprofit organizations. The primary role of an auditor is to provide an independent and objective assessment of an organization's financial statements, internal controls, and financial reporting processes.
Considered as some of the many interesting careers in ABM, internal auditors and audit managers are hired by companies to provide independent and objective evaluations of financial and operational business activities. Your job as an auditor will involve evaluating a company's internal controls, including its corporate governance and accounting processes to ensure they all comply with the law.
Annual salary range: ₱450,000 to ₱780,000
If you want to work in business management, you’ll be in charge of managing the legal, financial, production, human resources, and administrative aspects of running a company.
Annual salary range: ₱148,000 to ₱2,367,182
If you want to run your own business and provide strategic planning, management, and oversight, then becoming a CEO is for you.
Annual salary range: ₱465,000 to ₱768,000
Financial managers are responsible for managing the company’s finances, analyzing financial data, organizing corporate investment activities, and advising senior management on financial matters.
Annual salary range: ₱480,000 to ₱780,000
By fostering connections with the media, creating advertising campaigns, and raising funds for particular projects, public relations managers oversee the public image of their company.
Annual salary range: ₱307,386 to ₱644,400
As you cultivate your sales skills, assuming a sales manager or sales representative role will work out well for you if you want to do market research, customer relations, delegation, and boost profit.
Annual salary range: ₱442,500 to ₱825,000
If you imagine yourself supervising a firm’s operations, mediating with investors, promoting strategic corporate growth, and being responsible for overall business success, then managing director is the job for you.
Average Salary: $79,709
There is an increasing demand for careers in technology and accounting. Information and technology accountants are responsible for which system a company uses to organize and report financial data. This role requires knowledge in both accounting and information technology and is perfect for someone who is a natural problem solver and interested in identifying technology solutions.
Average Salary: $94,543
Assessing the financial health of a business and helping guide investment decisions is the job of a financial analyst. Specific financial analyst duties can vary depending on the company, and as a result, this role is much more flexible when compared to many other accounting jobs. This position appeals to those who are interested in data gathering, financial modeling, spreadsheet maintenance, developing investment theses, communicating with investors and management, and forecasting
Average Salary: $82,874
Forensic accounting is one of the fastest-growing jobs in the field of law enforcement. A forensic accountant investigates fraud and uses accounting skills like auditing to provide an expert opinion on legal matters in a court of law. Forensic accountants must be extremely detail oriented as their reports will be scrutinized in court by judges, attorneys, and juries.
Average Salary: $62,132
A managerial accountant is in charge of analyzing costs and profits, and planning and preparing financial reports for internal employees. Their main goal is to help high-level executives make informed and financially responsible decisions. Some tasks include adapting operation and cost-based planning, forecasting, overseeing the product process, incremental costing, and enterprise optimization.
Average Salary: $107,027
A controller supervises an accounting department at a company and oversees high-level financial strategies. The main duties of a controller are maintaining financial statements, payroll, preparing budgets, general ledger, tax compliance, and more. Gaining experience in business forecasting and tax management is critical if you want to become a corporate controller.
Average Salary: $177,546
A CFO’s job responsibilities vary depending on the company, however, there are a few key areas in which all CFOs should excel. These include financial management, performance, business strategy, and risk management. CFOs are cross-functional leaders who help a company make informed financial and business decisions. They implement revenue strategies, access financial risks and opportunities, and so much more. Many top-earning CFOs have multiple credentials, so if your career goal is to become a CFO it is important to consider getting your CPA, MSA or MBA.
Marketing specialists’ responsibilities vary depending on their work environment. For some organizations, professionals with the specialist title implement marketing strategies for specific brands. Smaller companies may have specialists working in all areas of marketing. On average, marketing specialists earn a median annual salary of $68,230 per year as of May 2022, according to the U.S. Bureau of Labor Statistics (BLS).
Professionals looking to move up in organizations should consider looking for opportunities as marketing managers. These managers typically run teams and report directly to their company’s vice president of marketing while working on brand strategy and management. Marketing managers made a 2022 annual median wage of $140,040, the BLS reports.
As marketing managers gain experience, they can take on more responsibility as marketing directors. Higher positions usually translate to higher pay.
Professionals who enjoy the creative side of marketing should consider a position in content marketing. Most content marketers work on creative writing for marketing materials and websites or build out creative assets, such as videos and infographics.
Content marketers average about $58,000 a year, but their salary depends on their skills and experience.
One of the most common entry-level positions in the marketing industry is a social media coordinator. These junior marketers play an essential role in establishing a company’s presence on social platforms like LinkedIn and Facebook. They often answer customer questions, post content and manage social media calendars.
Even though it’s an entry-level position, most social media coordinators still make over $44,000. With more experience, the average salary can increase to $51,000.
An SEO specialist occupies a crucial role for companies looking to improve their website traffic. These marketing professionals are experts at identifying opportunities to improve rankings for keywords and implementing strategies to rank higher on search engines such as Google.
Due to their expertise in search engine optimization, SEO specialists can expect an average salary of around $52,000.
Project managers oversee large-scale projects and client engagements. They manage teams, deadlines, budgets, and coordinate with clients. This job requires strong mathematical and people skills. Average salary: ₱943,496/year
Marketing professionals plan sales activations, promotions, and increase brand awareness. They need to understand customer behavior and balance it with company goals. Average salary: ₱322,693/year
Sales managers are responsible for developing sales strategies, achieving sales targets, and managing sales teams. They negotiate with clients and suppliers to maximize sales and meet company objectives. Average salary: Varies
Business development managers identify new business opportunities, build relationships with clients, and negotiate contracts. They analyze market trends and develop strategies to grow the business. Average salary: Varies.
Operations managers oversee the day-to-day operations of a company. They ensure smooth workflow, manage resources, and implement efficient processes. They also monitor performance metrics and make improvements when necessary. Average salary: Varies
Financial planners help individuals and businesses create financial plans and strategies to achieve their financial goals. They provide advice on investments, retirement planning, tax planning, and risk management. Average salary: Varies.
Financial controllers are responsible for managing and overseeing the financial operations of a company. They ensure accurate financial reporting, develop financial strategies, and monitor budgets. They also analyze financial data, identify areas for improvement, and make recommendations to enhance financial performance. Average salary: Varies.
ABM can be the perfect choice for students who are passionate about economics, marketing, entrepreneurship, and other business-related fields. Students who are equipped with the foundational skills in ABM will gain the opportunity to pursue various jobs in the industry including some of the highest-paying business careers available in the Philippines.