In a report published by Morning Consult, earning money and achieving a successful career are the top two goals of Gen Z adults. Hence, to help Filipino students attain these goals, the Department of Education took steps to shift to the K12 curriculum. The said curriculum is a new learning scheme that aims to boost students’ basic skills in different areas such as academic; technical-vocational-livelihood (TVL); sports; and arts and design as well as prepare them for their chosen career paths.
One of the four academic tracks in the K12 program offered in senior high school in the country is the accountancy, business, and management (ABM) strand. This strand is critical for aspiring future business leaders, since it is designed to educate students on the key concepts and skills related to finance and business. Additionally, it aims to provide students with real-life business management experience that would help them succeed in the corporate world.
If you want to learn more about this track, you’re on the right page. In this article, we’ll discuss this track and explore the different advantages of the ABM strand, along with the career opportunities you can pursue. Let’s dive right in.
Defining ABM Strand
The ABM strand zeroes in on preparing students who are interested in carving career paths in the fields of accounting, business management and administration, entrepreneurship, finance, and marketing by teaching them the fundamentals of those fields.
In addition to familiarizing yourself with business management concepts, the strand aims to develop your critical thinking, decision-making, problem-solving, and time management skills needed to take on the challenges and opportunities in the business world.
Moreover, the ABM strand is designed to equip you with the skills and knowledge necessary to make informed business decisions, manage financial resources, and lead team members effectively. This is especially true if you aspire to be a successful accountant, business owner, manager, or entrepreneur.
What are the Advantages of ABM Strand?
The ABM strand will definitely help you succeed in your related career of choice. Without further ado, let’s explore the numerous advantages of the ABM strand. Read on!
1. Solid Foundation in Business Management Principles
Choosing ABM as your strand lets you gain a solid understanding and familiarity with different key business management concepts that can be applied to diverse industries. Plus, it can help you make informed decisions not only in your personal life, but also in your professional pursuits.
2. Wide Array of Career Opportunities
As mentioned, this track prepares students who wish to pursue careers in different fields, including accounting, business, finance, and human resources. And since the business industry is vast, you can have a wide range of career opportunities after graduation. You can work in the government, private sector, and non-profit organizations. You can also start your own business and eventually expand it.
3. Work Immersion Opportunities
With the ABM strand, you can gain practical and real-world experience through work immersion programs. A number of schools offer such programs in order for students to apply their knowledge and skills in the business settings, which are vital in preparing you for your future career.
4. Networking Opportunities
As you immerse yourself in the world of business, grab this chance to connect with industry professionals. Aside from this, you can also establish professional networks with like-minded individuals through career fairs, internships, and job shadowing. Take note that these experiences for ABM strand students can be valuable when you seek employment or pursue further education.
5. Preparation for Global Competitiveness
Another advantage of the ABM strand is that it prepares students for global competitiveness. Providing you with a strong foundation in business management principles that are relevant across diverse cultures and many countries are integral in competing in the global marketplace. Plus, it helps develop a global mindset to understand the interconnectedness of the world’s economies, cultures, and societies.
6. Potential Higher Earnings
With the quality of education that’s given to students, it can be guaranteed that they are well-prepared and fully equipped to embark on different high-paying jobs. This could also lead to greater earning potential over the course of their careers.
7. Financial Literacy Development
During your ABM strand journey, you’ll be able to develop your financial literacy, which is essential for personal financial management and business success. You’ll learn how to manage your personal finances by creating and sticking to budgets, handling credit and debt, and planning for retirement. Additionally, it can aid you make informed investment decisions and understand the financial implications of business decisions.
8. Exposure to Emerging Technologies
Technologies such as artificial intelligence, blockchain, and data analytics play a crucial role in the modern business arena. Hence, the ABM strand recognizes the importance of integrating technologies into business management practices. With this, you are better prepared to navigate the rapidly changing business landscape. Likewise, exposure to various technologies can provide you with a competitive advantage in the job market and contribute to your professional stints.
Job Opportunities for ABM Strand Graduates
One of the advantages of ABM strand is having a wide array of career paths to choose from. As a graduate of this track, you can have a lot of rewarding job choices, including the following:
1. Accountants (Average Annual Salary: ₱331,157)
These professionals may work in public accounting firms, government agencies, or private companies. They take charge of documenting, classifying, and analyzing a number of financial transactions of businesses, companies, or organizations; as well as preparing financial statements and tax returns.
2. Business Development Managers (Average Annual Salary: ₱699,354)
Business development managers determine new opportunities, formulate strategies to boost sales, and establish relationships with clients and customers. They also conduct market research to identify new markets and potential clients, and conceptualize and implement marketing campaigns to promote products or services.
If you have a strong entrepreneurial spirit and are dreaming of starting your own business, you can create a successful firm using the knowledge and skills in accounting, finance, and business management you gained during your academic years.
4. Financial Analysts (Average Annual Salary: ₱365,077)
They analyze financial data to assist businesses or organizations make investment decisions; as well as provide recommendations on bonds, stocks, and other types of investments. Financial analysts may also exhibit their expertise in providing guidance on financial risk management.
5. Human Resources Managers (Average Annual Salary: ₱559,704)
Employee recruitment, hiring, training, and management are the primary responsibilities of HR professionals. They also create and enforce policies and procedures related to employee performance evaluation, compensation, and benefits.
Gear Up for Your Success with CIIT Philippines’ ABM Strand
There’s no denying that the ABM strand can equip you with the necessary skills, knowledge, and experience to effectively operate and manage a business, or succeed in your chosen career path. However, it’s also crucial to note that these should be developed and built by institutions that are invested in quality education.
Good thing you don’t have to look further! With CIIT Philippines’ ABM strand, you’ll be able to navigate today’s digital economy with a modern business mindset that thrives in the current workplace. Plus, as an industry-based academic institution and a hub for innovators and creators, we can help turn your creativity into success and establish your foundation as a successful business leader.
So, what are you waiting for? Be a CIITzen today, and together, let’s weave the future. Join us now!