MBA in General Management: A Brief Understanding of its Scope

Are you looking for a program that helps you become a business leader or entrepreneur? If so, the MBA in General Management program is for you. The course is meticulously designed to allow aspirants to explore a wide range of learning and experience industry-based challenges. 

Many leading industries hire general managers with creative minds to stabilise their organisations’ performance. These managers have a vast career scope that secures the lives of working professionals. This article will delve into its essential components and provide a comprehensive understanding of its relevance in business. 

What is an MBA in General Management?

A Management role involves guiding, controlling, and directing to achieve industrial goals. Conversely, it is a master’s degree that equips you with critical thinking skills and opens doors to various career opportunities. 

The course prepares you with strategic thinking, creative problem-solving, and efficient work management skills, which are crucial in a business environment. After completing the program, candidates gain deep industrial exposure and develop leadership and management qualities.  

MBA in General Management: Its Importance in the Business Market

The course focuses on improving the company’s performance and ensuring steady growth across all business areas. Managerial skills help in boosting companies’ profits by using innovative strategies and managing their finances effectively. It is not just a degree but a gateway to many exciting career opportunities. 

General managers are in high demand in the business world; they manage the entire organisation using their skills in problem-solving, creative thinking, effective planning, and decision-making. An MBA in General Management opens doors to a fulfilling and rewarding career with the potential for continuous growth and advancement.

Benefits of the General Management Program

Benefits of the General Management Program

Here are reasons to consider the general management program: It will benefit you and significantly enhance your career prospects.

  1. Enhance Your Management Skills: A good grasp of general management skills is essential, as they help with critical thinking, problem-solving, analysis, and insightful decisions.
  2. Career Growth: This program opens numerous career opportunities in management and leadership, which can lead to a potential salary boost. Pursuing an MBA in general management can equip you with the robust capabilities to improve your career and job profile.
  3. Technological Advancement: The business world is constantly evolving, and this dynamic environment creates a high demand for skilled general managers who can navigate these changes and drive growth. 
  4. Self-Growth and Confidence: The general management course will help you gain personal growth and confidence while completing the program. It offers diverse subjects to explore, group discussions, and participation in interactive lectures, etc., to help you build your leadership skills.
  5. Strong Business Knowledge: The program covers all aspects of business knowledge, including finance, human resources, statistics, general management, etc., which provides the proper gist of each domain and leads to a significant understanding of overall business operations.

Read More: The Ultimate Guide to MBA After 12th: Eligibility, Job Profiles, Exams and Career

MBA in General Management: Eligibility Criteria, Duration, Fees and Skills

The program has vital factors to define you with clear descriptions. Here is the table below for proper understanding:

Factor

Descriptions

Eligibility Criteria

  • Minimum 50% at 10th and 12th
  • Undergraduate Degree approved by NAAC with minimum 45% marks 
  • Valid score on GMAT/GRE

Duration

2 years

Fees (Average)

INR 30,000 to INR 40 LPA*

Skills

Leadership, critical thinking, communication, emotional intelligence, team-building, adaptability etc

Please Note: The fees* depend on the institute you choose.

Discovering Top MBA in General Management Institutes and Fees

Discovering Top MBA in General Management Institutes and Fees

While you can pursue a General Management specialisation from anywhere, checking these top institutes/universities will undoubtedly impact your future. It is renowned and sought after, making it top-rated globally. 

Here is the list of top general management institutes and fees to look forward to:

Top Institutes/Universities

Annual Average Fees (INR)

Indian Institute of Management (IIM)

15,00,000/-

Indian School of Business (ISB)

22,00,000/-

Xavier School of Management (XLRI)

25,00,000/-

Faculty of Management Studies  (FMS), Delhi University

1,50,000/-

Symbiosis Institute of  Business Management (SIBM)

12,00,000/-

Amity University 

8,00,000/-

Manipal University (MAHE)

9,00,000/-

Lovely Professional University (LPU)

5,00,000/-

DY Patil International University (DPU)

3,00,000/-

SP Jain Institute of Management (SPJIMR)

12,00,000/-

Indian Institute of Foreign Trade (IIFT)

11,00,000/-

Note – For confirmation about fee & admission procedure, please connect with HikeEdu to understand the fee structure & your options better.

Salary Trends of an MBA in General Management

The salaries for a general manager depend on experience, location, company size, industry, etc. Let’s discuss the salary breakdown of an MBA in the General Management Program.

  1. Entry-Level: According to an Ambition Box report, the salary of a general manager in India ranges from INR 6.9 LPA to INR 7.3 LPA. A general manager’s salary at the entry-level depends on their quality of education, work experience, and location.
  2. Average-Level: According to an Indeed report, the average salary of a general manager in India ranges from INR 5,00,00 to INR 7,00,000 per year. The salary depends on work proficiency, company level, and geographical location.
  3. Senior-Level: According to an Ambition Box report, the salary of a senior general manager in India ranges from INR 50,00,000 to INR 60,00,000 annually. The salary depends on years of experience, advanced education, and the company’s size.

Summary

An MBA in general management training provides aspiring candidates with the right skills to help them sharpen their careers in top industries. The business environment changes constantly and evolves rapidly, so keeping updated about the course to fit the managerial role is essential. 

Why wait? Enrol in Hike Education today. It will guide you through all the related information before choosing the course and help you gain in-depth knowledge throughout your learning journey.

MBA in General Management : FAQs

Q1. Is it required to have work experience for those opting to do an MBA in General Management?

Some universities ask for 2-3 years of work experience, which is optional.

Q2. What is the future of an MBA in General Management?

Business requires many professionals with MBA degrees to manage the work efficiently. The future is vast for general managers with industry-based experience and skills to deliver successful growth within the company.

Q3. Is it worth doing an MBA in General Management?

Yes, it is worth pursuing an MBA in general management. This course is a significant investment in your future, and many industries offer higher pay scales depending on your skills and work experience. 

Q4. What is the salary range for a General Manager?

According to an Indeed report, the general manager’s salary in India ranges from INR 5.0 LPA to INR 7.0 LPA.

Q5.Can I pursue an MBA in General Management online?

Indeed, it can be done online, providing flexibility and convenience for working professionals. For detailed information, check the Hike Education website.

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