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This question is about managing director salaries.
What is a good starting salary for a Managing Director?
A good starting salary for a managing director is $107,000 in the United States. That puts you in the 10th percentile of annual income for a managing director in the U.S., which is about what you would expect if you were new to the field. The average salary for managing directors is $196,703, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a managing director can vary by state, as we show below.
What Is A Good Entry-Level Managing Director Salary By State?
The following table shows how much an entry level managing director earns in each state. Zippia used data from the BLS, public records, and job postings to create these estimates.
| State | Starting Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| New York | $146,000 | $12,166 | $2,807 | $70.19 |
| Connecticut | $138,000 | $11,500 | $2,653 | $66.35 |
| New Jersey | $128,000 | $10,666 | $2,461 | $61.54 |
| Alaska | $128,000 | $10,666 | $2,461 | $61.54 |
| Rhode Island | $126,000 | $10,500 | $2,423 | $60.58 |
| Massachusetts | $125,000 | $10,416 | $2,403 | $60.1 |
| Delaware | $123,000 | $10,250 | $2,365 | $59.13 |
| District of Columbia | $122,000 | $10,166 | $2,346 | $58.65 |
| California | $117,000 | $9,750 | $2,250 | $56.25 |
| Michigan | $113,000 | $9,416 | $2,173 | $54.33 |
| Louisiana | $112,000 | $9,333 | $2,153 | $53.85 |
| Wisconsin | $112,000 | $9,333 | $2,153 | $53.85 |
| Maine | $110,000 | $9,166 | $2,115 | $52.88 |
| Alabama | $109,000 | $9,083 | $2,096 | $52.4 |
| New Hampshire | $108,000 | $9,000 | $2,076 | $51.92 |
| South Dakota | $107,000 | $8,916 | $2,057 | $51.44 |
| Hawaii | $104,000 | $8,666 | $2,000 | $50.0 |
| Minnesota | $103,000 | $8,583 | $1,980 | $49.52 |
| Virginia | $103,000 | $8,583 | $1,980 | $49.52 |
| Maryland | $102,000 | $8,500 | $1,961 | $49.04 |
| Pennsylvania | $101,000 | $8,416 | $1,942 | $48.56 |
| Illinois | $100,000 | $8,333 | $1,923 | $48.08 |
| Ohio | $100,000 | $8,333 | $1,923 | $48.08 |
| New Mexico | $100,000 | $8,333 | $1,923 | $48.08 |
| Washington | $97,000 | $8,083 | $1,865 | $46.63 |
| Nevada | $97,000 | $8,083 | $1,865 | $46.63 |
| North Dakota | $96,000 | $8,000 | $1,846 | $46.15 |
| Colorado | $96,000 | $8,000 | $1,846 | $46.15 |
| Arizona | $95,000 | $7,916 | $1,826 | $45.67 |
| Nebraska | $93,000 | $7,750 | $1,788 | $44.71 |
| Vermont | $92,000 | $7,666 | $1,769 | $44.23 |
| Montana | $91,000 | $7,583 | $1,750 | $43.75 |
| Kansas | $91,000 | $7,583 | $1,750 | $43.75 |
| North Carolina | $89,000 | $7,416 | $1,711 | $42.79 |
| Tennessee | $88,000 | $7,333 | $1,692 | $42.31 |
| Texas | $87,000 | $7,250 | $1,673 | $41.83 |
| Wyoming | $86,000 | $7,166 | $1,653 | $41.35 |
| Oregon | $86,000 | $7,166 | $1,653 | $41.35 |
| West Virginia | $84,000 | $7,000 | $1,615 | $40.38 |
| Indiana | $84,000 | $7,000 | $1,615 | $40.38 |
| Iowa | $82,000 | $6,833 | $1,576 | $39.42 |
| Arkansas | $80,000 | $6,666 | $1,538 | $38.46 |
| Oklahoma | $78,000 | $6,500 | $1,500 | $37.5 |
| Utah | $78,000 | $6,500 | $1,500 | $37.5 |
| Georgia | $77,000 | $6,416 | $1,480 | $37.02 |
| Missouri | $76,000 | $6,333 | $1,461 | $36.54 |
| Mississippi | $74,000 | $6,166 | $1,423 | $35.58 |
| Florida | $72,000 | $6,000 | $1,384 | $34.62 |
| Idaho | $70,000 | $5,833 | $1,346 | $33.65 |
| South Carolina | $67,000 | $5,583 | $1,288 | $32.21 |
| Kentucky | $62,000 | $5,166 | $1,192 | $29.81 |
What are The 10 Highest Paying Cities for Entry-Level Managing Director Jobs?
We've identified 10 cities where the typical salary for an entry level managing director job is above the national average. Topping the list is White Plains, NY.
| City | Starting Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| White Plains, NY | $205,000 | $17,083 | $3,942 | $98.56 |
| Hartford, CT | $187,000 | $15,583 | $3,596 | $89.9 |
| Newark, NJ | $169,000 | $14,083 | $3,250 | $81.25 |
| Cambridge, MA | $161,000 | $13,416 | $3,096 | $77.4 |
| Washington, DC | $159,000 | $13,250 | $3,057 | $76.44 |
| San Francisco, CA | $153,000 | $12,750 | $2,942 | $73.56 |
| Portland, ME | $139,000 | $11,583 | $2,673 | $66.83 |
| Arlington, VA | $138,000 | $11,500 | $2,653 | $66.35 |
| Minneapolis, MN | $132,000 | $11,000 | $2,538 | $63.46 |
| Seattle, WA | $128,000 | $10,666 | $2,461 | $61.54 |
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