MBA in General Management Courses

An MBA in General Management is one of if not the most popular MBA courses these days. The reason is that this course offers an in-depth comprehension of all sections of a business, including marketing, management, finance, and accounting. As a result, after your course is finished, you will have the required skills and practical industry knowledge of all these sectors. You’ll be free to choose from whatever industry you want to work in. Even if you don't bag your dream job immediately, this course will help you work in different sectors and slowly gain experience.

The course fees can be anywhere from INR 20,000-30,0000 depending on the college you choose, so the range is vast and can fit the pockets of anyone who wishes to pursue this course.

This course also focuses on higher or advanced management problem solving and supervision across all corporate industries. So people who want to work up to the top generally go for this course. This is also why this course is so popular and continues to gain momentum.

An MBA in General Management focuses on the critical aspects of all the things you need to learn to manage all businesses. It is not industry-specific, so the scope of your career path broadens drastically. It means you can work in any corporate industry just with this degree.

You get to choose an industry-specific elective from your third semester that will further your scope to learn skills about an industry you might be interested in. It also allows you to build up your experience working in different sectors. In the long run, any company would be eager to recruit you as your resume will be unmatched. With all these benefits, it is no wonder that more students are opting for this MBA program.

As we mentioned before, this course is for people who want to gain experience working in different fields and not be any specific industry bound. Along with teaching the quintessential aspects of managing a business, this course also focuses on higher or advanced level problem solving of intricate managerial issues that are very relevant in today's fast-moving world.

There are several benefits to this particular MBA course as this takes a deep dive into all corporate industry issues. Be it marketing, management, finance, or accounting - it covers general MBA subjects.

The most outstanding benefits are:

• Spans different industries: As this course does not follow a particular niche, it enables you to learn the essential skills that work in all sectors. From crucial management domains, advanced problem solving, supervision, etc.

• Wider career path: A broad knowledge of all industries opens your boundaries in every direction. As such, you are free to take up jobs in different industries and gain experience that will help you greatly in the long run.
• Higher payscale: Experience from different industries and the in-depth and advanced skills MBA in General Management provides you go a long way to increase your pay scale. You can ask for a higher pay scale if you earn your degree from a prominent institution and acquire trending industry skills.

• Specific electives: As we said before, this course does not focus on a particular industry. However, after the first year, students get the opportunity to choose an elective that is industry-specific. This can focus on any industry of their choice, giving them the bonus of exploring a niche further while still learning the overall advanced skill set required to manage all industries.

As with all MBA programs, this is a two-year postgraduate course, so one thing students must have is an undergraduate degree from a NAAC-approved college. Students must abide by a few more prerequisites to apply for an MBA in General Management. Below is a list of them:

• Entrance Exams: The first thing that comes on the list after an undergraduate degree is an entrance exam. Different entrance exams for MBA candidates are organised all over the country. While some are national-level tests, others are more state-level or college-specific ones.

The main entrance exams that people looking to get an MBA should consider are CAT, MAT, GMAT, etc. There is also a college-specific test you need to take for some colleges where they can rank you based on their aptitude test, and the previously mentioned ones are preferred but not required. CAT is possibly the highest level of these tests, enabling you to land an admission in the IIMs. GMAT is the most commonly taken one across the country. Hence, many foreign universities prefer GMAT scores for the admission process. There is also MAT that many students prefer for its easier comparison curricula.

Your rank on these tests determines which college you can enrol in for your MBA degree. You can also take some international-level aptitude tests to ensure a degree abroad. No matter what test you decide to take, it is necessary to make sure that you work hard enough to get a noticeable rank if you want a chance to pursue your degree in a prestigious college. A degree from these places goes a long way to stabilise your career path.

• Skills: Although an MBA degree ensures that you will develop key aspects of managing businesses during your course, there are a few skill sets you must have to enrol for the degree. Thankfully, these are generic qualities such as leadership, critical thinking, problem-solving, excellent communication, supervision, and multitasking abilities.

This degree will further hone your skills to a level where your resume will speak for yourself. Another thing that can help you in this field is showing that you are always on top of everything related to the corporate industry. In-depth industry knowledge and experience in business-related happenings, be it workshops or projects, can go a long way to ensure your place in a reputed college.

The admission process for MBA course studies involves multiple steps you must complete once you get your rank for the entrance test. As mentioned earlier, your rank means almost everything regarding getting your degree from an established college. After you get your rank, these are the steps you must follow.

• Application: The first thing that happens after you get your rank is sending your applications to the colleges of your choice based on the rank. The higher your rank, the more A-tier colleges you can apply to, and the better your chances are of getting accepted. You must ensure that you fill all the required columns correctly without mistake and attach the necessary documents.

• Document verification: The next step is document verification after sending your application and assuming you are accepted to the college of your choice. The college's administrative department will verify that all the required documents mentioned in your application are correct and credible. The documents they generally ask for are your school passing mark sheets and certificates, your undergraduate mark sheets and certification along with your migration certificate, a document verifying that you were provisionally shortlisted into the college and course of your choice, recent passport size photographs, and minority and handicap certificate in cases where necessary.

• Interview: The final step would be to appear for an interview. In some colleges, there is only one interview per candidate with the committee. However, many colleges may first conduct a group interview to determine their strengths and weaknesses in a group setting before moving on to the personal interview round. If you pass all these steps, your admission to your desired college will be complete.

As this course spans many industries, you will have an opportunity to pursue any sector of your choice after completing your degree. The job prospects are enormous as this course ensures the students develop the advanced skills needed to manage businesses and solve problems across all sectors. The jobs you can apply to after a degree in MBA in General Management are:

• Accounting Manager: Accounting Managers ensure that financial statements and reports are delivered timely and without mistakes. They manage and verify income taxes, tax reports, budgets, audits, etc.

• Financial Analyst: Financial analyst’s job is to maintain the primary financial health of the company. The main focus of this job is to manage cash flow properly to ensure the business does not go through sudden massive financial upheavals in unprecedented situations.

• Human Resources: The job of human resources personnel is to ensure that employees in the company are satisfied and proper decorum is maintained throughout different office sectors. They are also responsible for interviewing and recruiting new employees in the company.

• Marketing Manager: Marketing managers lead product marketing and ideas for the company. From concept building to marketing campaigns, and promotions, they must manage everything and even solve issues where necessary.

• Public Service Manager: Public Service managers are responsible for a company’s client and customer satisfaction. It is challenging as you must take care of any issues arising in any company section concerning the customers. Many entry-level and mid-level positions are open for this job across sectors. Essentially, you can work in the industry of your choice with many traditional and new roles opening up all the time.

Anybody with an undergraduate degree from a NAAC-approved college can apply for this course. But there are a few steps they must follow, as we already mentioned. They need to pass the entrance test with a noticeable rank to get into a good B-school and sail through the interviews organised by the said college. They can get an MBA in General Management if they manage to do that along with proper documentation.

Previous experience with businesses through workshops and projects or in-depth corporate knowledge can go a long way to ensure your admission to your preferred college. Other than that, a few key innate qualities like critical thinking, leadership qualities, and supervision also go a long way to cement your career path.

The MBA program’s course objectives are to help candidates develop skills that will enable them to manage businesses in this fast-moving world. After completing the degree, the students will be equipped to deal with several issues that need the attention of a professional. The main objectives this course provides are:

• Equipping students to learn and apply the best practices for solving different managerial problems.

• Helping them develop a strategic analysis by integrating industry-specific theories and practices where needed.

• Helping students improve and hone their communication and presentation skills throughout written and oral forms.

• Honing their leadership skills enables them to manage, supervise and work with a team of diverse people.

• Helping them develop decision-making techniques based on quantitative and qualitative analysis to solve advanced managerial problems.

The primary purpose of General Management is to cultivate business professionals who are flexible in working in any industry with advanced administrative and problem-solving skills. This course focuses on the overall growth of a student so that they hone their critical thinking, analysis, and decision-making skills based on best practices and integrating theories where needed. It gives the students an advantage in looking for jobs in any sector of their choice and gaining experience working in different fields.

As we keep mentioning, an MBA in General Management helps students develop the quintessential skills needed for managing businesses across various industries. In contrast, an MBA in a specific function delves more into the ongoings of that particular industry. As such, both types of courses have their ups and downs. The main difference here is that an MBA in General Management is a general course overlooking some in-depth details and issues of a particular niche. In contrast, an industry-specific MBA course will enable you to pick up on that. Although, in your second year of MBA in General Management, you can choose an industry-specific elective to help you overcome this issue.

Another difference is that an MBA in General Management helps you work across all corporate industries. This not only broadens your scope of experience but also allows you to negotiate your salary better by showing your experience working in different sectors. However, an industry-specific MBA is customised for that specific career, so the chance of working across various industries falls short. As we said, both have their ups and downs, and it depends on the individual what career path they want to take to choose a course that will fit them better.

The world is rapidly turning fast-paced every day with the help of easily accessible high-speed internet. As such, people can now study from anywhere and everywhere as long as there is a stable internet connection. It lessens the time and money spent travelling back and forth from school daily.

Although online education has always been available, it is certainly getting more popular now. The Covid-19 outbreak especially pushed the online education system forward, making it much more active, comprehensive, and accessible. A few major differences in online and offline modes of this course are:

• It is certainly cost-friendly not only because of zero commutes, but the fees in the online mode tend to be surprisingly lower than in offline modes.

• The class hours are very flexible. You can customise them to your needs. From case studies to regular and practical classes, everything is in online mode. So, you will have more chances to process the subjects in your time. It is especially beneficial for working students; otherwise, their work and school hours can clash.

• The admission process tends to be a lot simpler in the online mode. You must submit your application with the required documents and pay the fees. Just like that, you are enrolled in your college without going through the hassle of offline course admission.

• You can network in online classes by interacting and engaging with global peers. With various webinars, discussion forums, and presentations, you can connect with peers and industry leaders from the comfort of your home.

The online mode seems to be the more profitable option for students, which is why students are more drawn to online education these days. The best part is when it comes to webinars, you can attend several on the same day without getting tired because of travelling or missing one because it is at an unreachable location for you. These aspects not only help you network as much as your offline peers but broadens your horizon on a global level. There is also no need to worry about placements since many respectable institutions also conduct placement drives in big companies in collaboration with online learning platforms.

As this is a two-year course, much like all other MBA programs, the syllabus covering all major industry-related topics is divided into four semesters. All these subjects help you build up your skills and help you learn industry-related topics to help you in your career.

In the first semester, students are taught marketing and economic principles, managerial effectiveness, ethics, finance, accounting, human resources management, quantitative techniques, and analytics. This semester focuses on introducing the students to the inner functions of the corporate industry.

In the second semester, students can expect to learn about consumer behaviour, entrepreneurship, acquisition and management, financial services, banking and insurance, and marketing management.

In the third semester, the syllabus delves into the industry with business strategy, operations, integrated management, communications, investment analysis, employee rewards, portfolio management, and optional electives. Students are free to choose any industry-specific subject they want to gain added knowledge of their preference.

In the final semester, students finish the course with retail and brand management, organisation development, wealth and behavioural finance, digital marketing, and data analytics and their elective. Along with these, students will also need to hand over their theses this semester. Other than that, there are various workshops and internships available throughout the course that you can take to enrich your industry knowledge and impress potential recruiters.

It is reported that the growth in the corporate sectors for MBA graduates is supposed to increase by leaps and bounds in the post-Covid era. The reason is that many new companies are opening rapidly every day with new ideas and concepts. As such, the demand for a candidate with an MBA in General Management is increasing drastically.

Since this course is not industry-specific, it helps the candidates develop skills that will be handy in managing all businesses. The course also focuses on higher-level problem solving, critical thinking, and leadership to guide the company across all hurdles. Corporate recruiters have predicted that the growth value in this sector will not only remain stable in the next 5-6 years but only increase over time. According to Indian Express, about 37% of big recruiters in India and 54% of Europeans, and about 34% of American recruiters, have predicted the same for the upcoming years.According to GMAC, the hiring projection for the upcoming years has returned to pre-Covid levels at about 91%. Additionally, as more companies are looking for MBA graduates from B-schools, salary growth has reached an all-time high. The difference between MBA graduates and undergraduate certificate holders is about 77%, while the difference between MBA graduates and direct recruits from the corporate industry is 53%. This goes a long way to tell what the future of this career will look like in the next few years.

This course helps students to develop the major skills needed to manage businesses across all corporate sectors. Thus, people wanting a broader horizon for their career path are often attracted to this course. The corporate industry is not only fast-moving but also quite volatile not only in India but all over the world. As a result, many issues arise that need the immediate attention of a professional, especially in the post-Covid era when new businesses are emerging fast.

As we experienced during the Covid-19 breakout, any sort of unprecedented situation can change the market at any time. These are the times when managerial executives are needed the most. They must make decisions based on analysis and in-depth knowledge of the industry as quickly as possible to ensure the company faces as few losses as possible.

It is also customary that the executives have a broader point of view and can see the corporate sector as a whole instead of their specific industry since it will give them a better idea of what to expect and how to handle it. This course ensures that learners are prepared to manage dynamic business challenges. These factors indicate the accelerating demand for an MBA in General Management in India.

The average salary a General Management Specialist can expect in India is about INR 7-18 LPA. However, a lot of factors go on to determine your pay scale.

Factors on Which MBA in General Management Specialist Salary in India depends

As we said, many factors determine what salary you can expect as a specialist in India. The first thing to consider is your job. As we keep repeating, this course spans industries, and so do the jobs. Your salary will also depend on the sector you choose.

Another thing to consider is the company you are working for. While a small firm will push towards the lower range of the scale, big companies might offer you much more.

Other than that, your experience, the reputation of your college, your skills, and even your job location go a long way to determine how much you can expect as your salary as a General Management Specialist in India.

MBA in General Management Specialist Starting Salary in India

As we said, many factors go into determining a candidate’s salary. Depending on said factors, it can range from INR 3-12 LPA for freshers. If you get your degree from a reputed college and land a job in a big company, your salary will be much higher. The good thing is, according to a report from Economic Times, there is supposed to be a 6.4% increase in the pay scale of MBA graduates from IIMs and other top-tier B-schools, whereas the increase for 2021 was 4.9%, and in 2020 it was nil. This is possibly the best time to pursue an MBA as the demand is at an all-time high.