Career Definition of a School Business Manager
School business managers oversee school operating finances. It is their job to develop a budget for the school. School business managers strive to ensure that existing resources are used efficiently while identifying resources that are needed and prioritizing expenses. Whenever possible, school business managers look for ways to reduce operating costs. School business managers are also involved with purchasing and ensuring that contractors and others are paid for services.
The duties of a school business manager also encompass human resources duties. They may be involved with hiring staff for some positions. When people are hired on contracts they will oversee the contract process and consider bids. They are also responsible for overseeing the implementation of school policies. It is their job to ensure that these policies are followed. If the school rents facilities the school business manager will oversee those rentals and they may also be involved in seeking funds for school expenses. In some cases the school business manager may also play a role in marketing school facilities or programs.
|Educational Requirements||Bachelor's degree|
|Job Skills||Analytical skills, math skills, budgeting skills, supervisory skills, communication skills, interpersonal skills, problem-solving skills, leadership skills, computer skills, ability to prioritize, planning skills|
|Median Salary (2018)*||$55,213|
|Job Outlook (2016-2026)**||10% (postsecondary education administrators)|
Sources: *PayScale; **U.S. Bureau of Labor Statistics
School business managers are required to have at least a bachelor's degree in a relevant field. They may choose to study subjects such as accounting or public administration. It's also an option to pursue this career with a degree in human resources or business. The primary objective of students entering postsecondary school who are considering this career should be to gain experience in fields related to management and to take courses in accounting or finance.
School business managers must have strong math skills and be able to develop a budget. They need to be able to identify priorities when they are developing their budget. They also need to be able to communicate effectively since their work involves hiring staff. Analytical skills are needed to identify areas in which spending can be reduced. School business managers also need organizational skills and time management skills to meet deadlines and they benefit from problem-solving skills so that they can develop solutions to budgetary issues and other matters related to operating a school facility.
Career Outlook and Salary
PayScale reported that as of 2018, school business managers took home a median income of $55,213 per year. The U.S. Bureau of Labor Statistics (BLS) provides information for the anticipated job growth for postsecondary education administrators. From 2016 to 2026 the BLS expects these professionals to see a 10% rate of job growth.
The list provided here links to information about careers that may also interest those considering a future as a school business manager. These occupations require similar skills and involve performing some similar tasks.