The general manager is responsible for all areas of a business. A manager refers to any executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement. These positions can include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Information Officer (CIO), Chief Technology Officer (CTO), Chief Operating Officer (COO), president, or other executives.
Career Path (in larger corporations):Operational Manager → Department Head → Executive Officer → CEO
Employers:StartupsAny company from McDonald's to Walmart to Google
Qualifications/Preferred Skills:There is no one path to management, but many managers have a bachelor's degree as well as an MBA. Some managers have worked at the same company their entire careers and moved up the corporate ladder, while others have worked in other areas of business. Managers need strong leadership and problem-solving skills. They need to be able to solve problems in every area of the business.
How will your economics degree help in this field?Your ability as an economics grad to analyze data and come up with solutions to problems will be helpful in management. Also, the ability to recognize the effects of certain policies or procedures within the business is essential in a managerial position.
National Average Salary-General ManagerStarting: $48,000-$70,000