General managers work in a variety of industries including restaurants and hospitality, corporations, sports, retail, manufacturing facilities, and financial entities. They perform a number of duties specific to their industry but most are in charge of overseeing the day-to-day operations of a department or the entire business.
General Manager Job Education Requirements
The experience and education needed to become a general manager depends on the industry. Often a bachelor's degree is not needed in hospitality but would be required in a corporate business environment. Generally, experience in a multitude of areas of the business is required before becoming the general manager. For this reason, some corporate management manager programs include a rotation throughout the departments. General managers usually oversee multiple assistant managers.
General Manager Job Market
The job outlook for this position depends on the industry but there is always a need for people to oversee staff, implement procedures, and develop operational strategies. The candidates who will be in the highest demand will be people with sales, budget, and/or operations management experience or business development experience.
General managers often move into positions as district operations managers, regional general managers, or directors of sales in the hospitality industry.
General Manager Job Salary Information
Experience as a general manager has a moderate effect on salary, as do job duties, industry, and location. Because of the different types of general manager positions, the salary varies greatly. A general manager in fast food may average around $31,000, while the national median for this general job title is $51,055. Some managers are eligible for bonuses, commissions, or profit sharing based on performance and goal attainment. Most general managers work in an office setting and are salaried. If their business stays open through holidays and weekends, they may be expected to work during those times or to be on call.