Where do you start? Many people emerging straight out of college find that choosing a career path is not that easy. Yet, that is one of the most important decisions that you will ever make. Your lifestyle, earnings, and job satisfaction all depend on your decisions at this crucial time.
If you aim to become a manager, a practical route to achieving this ambition could be a management trainee program. You’ll find management training in most industries, from retail to finance and manufacturing.
Management training is a relatively new idea. Yet, it has been adopted by some of the most prominent organizations globally as an effective way to train future managers. You need to look no further than enterprise holdings careers to find a wide range of disciplines that might suit your ambitions.
Now let’s analyze how and why of enterprise management training
Salary for enterprise management trainee positions
Management trainee programs have become quite prestigious, so they pay well. These trainee programs may appear somewhat like an internship, but they are, in fact, vastly different. These are staff positions and come with responsibilities and accountability, unlike an internship. As a management trainee, you will have to manage various projects that form an essential part of the organization’s success. The company will also evaluate you on the outcome.
The salary for enterprise management trainee positions will depend on several factors. These include;
- The size of the organization
- Company turnover
- How long the company has been in business
- The location of the organization
- The industry
- Candidate experience
- Candidate education
- Previous experience in the field
In the USA, the average salary for an enterprise management trainee candidate is $43,667 per annum. That’s an average of just under $21 per hour. The salaries range starts from as little as $36,000 and tops out at $51,000 per annum. Experienced employees could expect to earn closer to the upper limit, while those new to the job would likely make a salary at the lower end of the scale. Don’t forget that this is just the start of your career, so you could soon earn an IT Director’s salary or a Director of Sales salary.
The management training process
The goal of most management training programs is to train graduates to become well-rounded managers. So, when you embark on a management training program, you’ll move from department to department. In the process, you’ll get to learn the systems and procedures in finance, sales, marketing, production, procurement, and planning.
You may start the training by moving through several entry-level positions. So, you’ll learn the administrative functions first. Following this, you may shadow senior members of staff in the day-to-day running of their departments. In this way, you’ll experience the functional processes that best suit your qualities and qualifications. Moving between departments will allow you to understand inter-functional dynamics. You will also get a good overview of the business as a whole.
Managers are responsible for hiring, coaching, and disciplining staff members. So, trainees will spend time in the HR department learning to manage disputes and apply discipline. HR personnel will also assist with the issues such as team building, motivation, and other techniques for working people. You’ll see how the organization formulates policies and procedures, and you’ll attend meetings and workshops.
During the process, managers and senior personnel train and mentor the management trainee. They will teach you the systems and procedures required to run the organization efficiently. Most management trainees are required to pass tests. The managers for whom they work while rotating through the organization will further evaluate the candidates.
Management trainee skills requirements
To qualify as an enterprise management trainee, you’ll need a Bachelor’s Degree in Business or a related field. Many trainees also have post-graduate degrees, and some companies will look for work experience.
To become a successful manager, you’ll have to hone a particular set of skills. Among these organizational, communication and interpersonal teamwork skills are particularly important. If you’re going into sales and marketing, you will have to deal with customer service issues, so customer care and tolerance are essential.
A good understanding of finance is also a prerequisite for managing a department since managers must compile and manage expenditure and budgets. The budgetary process of each company differs, so as a management trainee, you will be taken through the process and informed of targets. Managers must have attention to detail and should be able to analyze numbers and pick out trends.
A good manager must see what needs to be done and formulate plans to resolve the issues, so you’ll need good problem-solving skills. You must be capable of meeting objectives within stated time frames, so time management is all-important. Self-motivation and the capacity to build team skills, driving motivation, and team spirit will serve you well.
Building a career through management training
Management trainees can be found in industries as diverse as retail, finance, manufacturing, and transport. It is a pathway to a successful career in management from functional heads to the top. It is a sure way to learn from those who have gone before you. It offers many insights into organizational dynamics and culture.
Look out for enterprise holdings careers that start with management training, and you could soon be taking home a Director of Sales salary. The sky’s your limit when you start on the path to management training.