A school business manager is responsible for the financial operations of a school, ensuring compliance with laws and making financial decisions. They may also handle HR, payroll, contracts, and transport. Educational requirements vary, and salary depends on location and school size.
A school business manager, also known as a treasurer, is often responsible for a school’s day-to-day financial operations. There are generally a wide variety of tasks that a school business manager must perform, but the responsibility depends on the size of the educational institution. School business managers usually work in an administration office serving an entire school district, but they may also work in a post-secondary institution.
The main duty of a school business manager is to ensure that the daily operations of the school are running as efficiently as possible. They must ensure that the school is following all laws – local, federal and state – and therefore must be aware of these laws. They also make many, if not all, of the school’s financial decisions and are usually required to submit budgets to the school’s governing body. This duty requires a strong understanding of accounting, and many schools require their business managers to have at least three years of accounting experience.
In addition to accounting experience, educational requirements vary based on the type of school you work at, as well as the size and resources of the school. Most require at least a bachelor’s degree, usually in accounting or business. Schools face unique challenges, so some education background is helpful and, depending on the school, may be required. One option is to obtain a master’s or doctoral degree in educational administration; some schools require this extent of knowledge before hiring someone as a school business manager.
Some of the more specific tasks a school business manager can undertake include administering the school’s Human Resources department, handling payroll, creating and negotiating employment contracts with employees, purchasing and overseeing transport. These duties are in addition to preparing the budget for the school and following all relevant laws. A school business manager is also often tasked with preparing the annual report for the governing body.
The salary range varies for a school business manager and is highly dependent on the extent of your educational background. Other factors that determine a school business manager’s salary include the location and size of the school. The larger the school, the higher the likely salary. Also, suburban schools generally pay more for a business manager than rural schools.
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