Managers are some of the most in-demand and well-paid employees in the business world. According to the Bureau of Labor Statistics, the need for managers is expected to increase by 8% in the coming years. So if you’re looking to move up in your career, becoming a manager is likely one of your goals.

But what does it take to become a manager? While there’s no one-size-fits-all answer, there are some key skills and characteristics that all successful managers share. So if you’re hoping to make the jump to management, here are five qualities you should work on developing.

Develop a Broader Skill Set

Working in various positions within a company will give you a well-rounded perspective of the business as a whole. This, in turn, will equip you with the skills and knowledge necessary to be an effective manager. You’ll learn everything from budgeting and financial analysis to people management and project management. And, when you have first-hand experience with the inner workings of different departments, you’ll be better equipped to lead cross-functional teams.

Understand Company Culture

A strong understanding of company culture is essential for any manager who wants to be successful. After all, it’s your job to foster a positive work environment and morale among your team.

You’ll get an inside look at the company’s values, mission, and goals by working your way up through the ranks. You’ll also develop relationships with employees at all levels of the organization-relationships that will come in handy when you’re tasked with managing them.

Gain the Respect of Your Peers

If you want people to respect and follow your lead, it’s important to walk the walk-not just talk the talk. People will notice your dedication and accomplishments when you’ve worked your way up from entry level to management. They’ll also be more likely to trust your judgment and expertise, which is essential for any leader.

Stand Out

In today’s competitive job market, it’s not enough to just have experience in management; you need to have proven results. By working your way up through an organization and taking on increasingly challenging roles, you can successfully demonstrate your ability to manage people and projects. Then, when it comes time to apply for that senior-level management position, you’ll have the experience-and the results-to back up your application.

Get Paid What You Deserve

Lastly, leaping management can help you earn the salary you deserve. The median pay for managers is much higher when compared to non-management positions, so if you’re looking for a pay bump, becoming a manager is one of the most effective ways to get it.

Being a manager is one way to step up your career and get paid more. Of course, it’s not the only way, but if you have your sights set on management, it’s good to follow the tips above. However, if you want to increase your chances further, you should invest in these things:

Get Higher Education

The first step will always be getting higher education. There are various reasons why this is the case. The first reason is that having a degree will always give you an edge over non-degree holders. Another reason is that you will have more opportunities open to you with a degree. You can apply for jobs only available to those with a degree, and you may be able to negotiate a higher salary.

There are various courses you can take that can help you land a managerial position. However, nothing comes close to what a master’s degree in public administration can give you. This course can teach you everything you need to know about being an effective manager. From organizational behavior to human resource management to finance and budgeting-you will be ready to take on any managerial role after completing this course.

Training

If you have some money to spend, you can invest it into various management training programs. These programs can help you learn the ins and outs of being a manager, from leading a team to delegating tasks properly.

Management Today is a good resource for finding management training programs. You can also ask your human resources department if they offer management training courses.

Mentorship and Consultation

Lastly, you can try to get a mentor or consult with a management expert. A mentor can help guide you in your journey toward becoming a manager. They can advise on what steps to take and what challenges you may face along the way. On the other hand, a management consultant can help assess your managerial skills and tell you what areas you need to work on.

Becoming a manager is not an easy feat, but it is achievable if you’re willing to put in the work. Use the tips above to increase your chances of success. And remember, the journey is just as important as the destination. Enjoy the process and learn as much as you can along the way.