Some of the major decisions young adults have to go through in life involve making their choices in education and subsequent career paths. For students interested in choosing the ABM strand, what might interest them are the ABM strand jobs that await them.
Among the academic strands available to students, the typical path a student takes is to pick the one closest to the college degree they wish to subsequently pursue. If you still find yourself uncertain about what college course to take after graduation, we’ve compiled a list as your guide to see where your ABM background can lead you.
What is ABM?
The Accounting, Business and Management (ABM) strand paves the way for business-related college degrees. Focusing on the basic concepts of financial management, accounting, and corporate operations, ABM aims to provide knowledge and skills in line with the digital trend. This, in turn, will enable students to think big as they prepare for a more digital corporate world in the future.
The ABM strand could lead to fruitful careers in management and accounting, business administration, and entrepreneurship. These professions include sales manager, human resources manager, marketing director, project officer, bookkeeper, accounting clerk, internal auditor, and business owner, among others.
Overview of ABM Strand in the Philippines
With the K-12 model being relatively the standard around the world, our education system finally adopted it in 2013. That year, President Benigno Aquino III signed the Enhanced Basic Education Act of 2013 into law, or more commonly known as the K-12 program.
The K-12 model required students to undergo kindergarten and 12 years of basic education (six years of primary education, four years of junior high school, and two years of senior high school), before heading into higher education. Senior high school students are given the option to take one out of four specific strands to focus on:
- Accountancy, Business, and Management (ABM);
- Humanities and Social Sciences (HUMSS);
- Science, Technology, Engineering, Mathematics (STEM); and
- General Academic Strand (GAS).
Zeroing in on the ABM strand in the Philippines, this curriculum intends to prepare students in a highly competitive industry. This includes giving students the opportunity to learn business acumen along with financial management skills. Thus, the students’ major subjects would involve accountancy, statistics, and business mathematics; all of which being necessary to cultivate standard industry expertise. The skills they’ll learn and cultivate would later on prove beneficial in managing the venture’s resources and daily operations.
Top-Paying ABM Strand Jobs
If you’re wondering what you can do with a business degree in the future, you can rest assured that you have a lot of promising choices. The following are just some of the ABM strand jobs you can pursue upon graduation.
1. Accountant (Average Annual Salary: ₱304,757)
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.
2. Auditor (Average Annual Salary: ₱233,949)
Among the most in-demand ABM strand jobs today, internal auditors and audit managers identify financial and business risks and assess compliance with government regulations. They evaluate existing internal controls, identify areas for improvement, and may coordinate the implementation of internal improvement efforts.
3. IT Project Manager (Average Annual Salary: ₱967,718)
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.
4. Business/Finance Analyst (Average Annual Salary: ₱356,063)
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.
Apart from being knowledgeable in analytical and technological tasks, promising candidates for this job also need to be effective communicators and methodical problem solvers. Aspiring professionals may opt to take up information technology, management, or business administration in college to gain an advantage in the job market.
If the 9-to-5 employee life doesn’t appeal to you, you’re better off starting your own business and being self-employed. While growing your own company from ground up is difficult, you’ll be reaping the rewards of your labor after a few years; and your salary ultimately depends on your hard work.
Most successful entrepreneurs today are known to be innovative, data-driven, self-motivated, and adaptable. When it comes to technical skills, they should also have some knowledge in financial literacy, sales, customer service, and marketing. Having that said; taking up any business-related course in college will help prepare them for the highly competitive startup sphere.
Why Choose CIIT Philippines?
As one of the leading schools in the country that provide digital and technical education, CIIT Philippines is committed to arming students with the right mix of skills and expertise to become successful leaders of the future. With CIIT’s Accountancy, Business and Management, students are equipped with a modern entrepreneurial mindset needed to thrive in the modern workplace—regardless of the ABM strand jobs they choose to pursue.
Aside from the senior high school ABM strand, CIIT also offers a Bachelor of Science in Entrepreneurship degree. This program seeks to guide young minds by providing them with specializations on technology and digital platforms along with business-level tools. Check out our SHS tracks and programs to learn more.