If I had a choice of degree to interview with, and there were no aviation management jobs to be found, I would choose the general business / mgt. degree.
If I was a hiring manager for the flight operation, I would look more favorably at a candidate who obviously took flying lessons because they enjoyed it and supplemented it with a management degree. If I saw a candidate with ratings and an AVIATION management degree, I would think this is a person who wanted to be a pilot and didn't make it. Management is only the backup- plan, and they may never be truly happy in the role. They will probably quit the position soon.
I must agree with Chris on the point that, in this industry, it is a good thing to have a diverse educational background.
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