Text regular text here

Are you a new IMM student? Register now for 1st Year Daytime Student Annual Tutorial Package and save up to R5000 p.a. (Ts & Cs apply). Tutorials start 27 January in 7 centres accross SA.
Sandton phone line is down. Kindly note that the Sandton phone line is down. The office can be contacted on 087 805 2608.

SA’s Top 8 scarce skills you should study for

SA’s Top 8 scarce skills you should study for

With South Africa’s ever-increasing unemployment rate, it comes as a surprise that there is still an abundance of vacancies in certain industries. These vacancies aren’t the result of a lack of interest in these positions but rather the fact that employers require skilled workers to fill them and there just aren’t enough people who meet the requirements.

Unfortunately, due to this skill shortage, local companies within the following industries turn towards the global market to fill vacant positions. By acquiring the necessary skills, you could help to close the gap and eliminate the need to source workers from abroad. The IMM Graduate School knows how difficult it is to decide on a career, so we compiled a list of the top 8 industries in need of skilled employees. The matric class of 2019 should seriously consider one of these as a career choice:

  1. The health care industry

With our government hospitals congested with patients, the lack of skilled medical professionals means that people are often denied proper health care. Careers within the sector include (among others), Clinical Nurse, Registered Nurse, Nursing Educator, Nurse Researcher, Nurse Manager, Medical Doctor, Hospital Pharmacist, Medical Scientist and more.

  1. The Financial sector

According to the Department of labour, financial skills such as accounting, financial management, auditing, and investment analysis are in high demand in South Africa. If you are passionate about estimating profits, reducing financial risks, and planning for unexpected costs, then a career in finance could be for you!

  1. Web Development

In this day and age, every modern business needs a website which needs to be updated on a regular basis. Right now, web development is a thriving, rapidly growing job sector, with demand likely to remain high for many years to come. Careers within this industry include web developer, computer programmer, web designer, software engineer and many more.

  1. Management

Management positions have been and always will be amongst the most in demand jobs across all areas. In South Africa, skills shortages are widespread in this industry, so starting any career with the long-term goal of becoming a manager is a good idea if job security is a concern.

  1. Sales

The sales department is an integral part of a business. With the corporate world becoming more competitive by the day, employers are investing more of their time and money into hiring sales staff. Sales and marketing managers are highest in demand.

  1. Engineering

A large amount of engineering graduates prefer to work abroad after their studies leaving South Africa with a shortage of qualified engineers. The Engineering industry currently dominates the Department of Labour’s National Scarce Skills List, occupying the top three positions and six of the top 10. Careers within the sector include (among others), Energy Engineer, Civil Engineer, Electronics Engineer, Geologist Industrial and Production Engineers

  1. Education

When it comes to education in South Africa, only 13.8% of South African adults over the age of 20 only attended school up until grade 7. Because of this, the demand in this sector is always growing. There is always a need for Accounting Teachers, Agriculture Teachers, Business Studies Teachers, Computer Studies Teachers etc.

  1. Artisans

Electricians, Boiler Makers, Fitter and Turners, Carpenter and Joiners, Welders, Plumbers, Toolmakers, Diesel Mechanics, Air-conditioning and Mechanical Services Plumbers, Automotive Electricians and Automotive Motor Mechanics Play an important role in society. Unfortunately, there is a shortage of skilled workers in these industries.

Have you decided on what you would like to study? For those interested in a career in marketing, export management, finance and more, visit www.immgsm.ac.za, call us on +27 (0) 11 628 8000 or email  info@immgsm.ac.za for more information.

Still not sure what to study? Take our survey here.

The Link between education and income

DCL Blog – The Link between education and income

The relationship between education and income

Education is defined as the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. In other words, it is the process of achieving knowledge, values, skills, beliefs, and moral habits.

Francis Bacon once said that “knowledge is power”. This is still true since higher education is a fundamental part of personal, national and global development. Not only does it shape independent minds, but it is also important for the continued growth of the economy. There are many reasons to seek higher education – some do it for job security, others do it to advance their knowledge but probably the most common reason is financial ambition. We all want to make a better life and for most this means we need to educate ourselves so we can qualify for positions that earn more.

The link between education and income

Generally, the more educated an individual is, the higher their income potential will be; education is often referred to as an investment in human capital.  

Matriculants in South Africa can expect to earn twice as much as someone with an incomplete high school career. Moreover, a tertiary certificate could result in a 63% increase in income while a bachelor’s degree would see a 330% jump. (BusinessTech, 2019)

To put this into perspective, data from Analytico covering a total sample size of 717,364 individuals in South Africa concluded that matriculants typically earn R4 977 per month, diploma holders earn R13 378 per month and bachelor’s degree holders earn upwards of R21 527 per month.

Why aren’t more people getting educated?

Even though education is considered a basic human right, only 13.8% of South African adults over the age of 20 attended school up until grade 7. Furthermore, 51% of South African youth between the ages of 18 and 24 claim they did not have the financial means to pay for their tuition. 18% of those aged between 18 and 24 who were not attending educational institutions stated that their poor academic performance prevented them from furthering their studies.

The benefits of higher education

A major benefit of furthering your studies is that a tertiary education equips students with the knowledge and skills necessary to deal with a wide range of challenges – both in their personal and professional lives. It broadens the mind and introduces a multitude of topics that the student may not have known about. The critical thinking skills developed through higher education allow one to ask better questions and solve more intricate problems.

Bottom line – tertiary education makes you more employable!

In this demanding and competitive job market, employers are only interested in the most qualified candidates. Also having a qualification gives an employer a benchmark of the level of work they can expect from you. Once qualified, you’ll be able to apply to jobs which specify a required level of tertiary education. Your chosen field of study and your grades can also be a deciding factor in your hiring.

Once you are employed, you are more likely to be considered for promotion into management and even executive levels, especially if you continue furthering your studies. The knowledge and skills you applied throughout your studies will help you to climb the ranks within your industry. These skills will also be applicable should you choose another profession at some point throughout your life.

In conclusion, higher education will benefit you personally and professionally. Not only will it open your mind to bigger and better things, but it will also help you to get ahead in your career. The truth is that in today’s highly competitive job market having a tertiary qualification is no longer an option but a necessity if you want to qualify for anything above the unskilled labour level.