Business general managers are the heart of a company, necessary for its everyday operations and functions. Without them, it will become increasingly hard to operate any business efficiently and profitably. Their purpose is to oversee daily business activities and improve on other aspects to ensure efficiency.
Some of the responsibilities that they execute in this capacity include developing and implementing growth strategies, managing budgets, finding ways to improve revenue, researching and identifying new growth opportunities. Moreover, they also analyze financial data and recommend techniques for better profitability and productivity. Essential skills required to succeed in this position include leadership, organizational, communication, interpersonal, and attention to detail.
To qualify for this position, applicants will need at least a bachelor's degree in business management; although, a master's degree would be advantageous. An associate's degree along with prior relevant proven work experience may also suffice. The average hourly salary for this position is $39.87, which amounts to over $82,000 annually. The career is expected to experience growth in the near future and create new job opportunities across the United States.
There is more than meets the eye when it comes to being a business general manager. For example, did you know that they make an average of $37.34 an hour? That's $77,666 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many business general managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, creativity and interpersonal skills.
When it comes to the most important skills required to be a business general manager, we found that a lot of resumes listed 27.1% of business general managers included general business, while 24.1% of resumes included crm, and 11.9% of resumes included business process. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business general manager job title. But what industry to start with? Most business general managers actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a business general manager, one of the first things to consider is how much education you need. We've determined that 45.3% of business general managers have a bachelor's degree. In terms of higher education levels, we found that 28.4% of business general managers have master's degrees. Even though most business general managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business general manager. When we researched the most common majors for a business general manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business general manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a business general manager. In fact, many business general manager jobs require experience in a role such as general manager. Meanwhile, many business general managers also have previous career experience in roles such as manager or operations manager.