Board of directors member vs managing director

The differences between board of directorss member and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a board of directors member, becoming a managing director takes usually requires 4-6 years. Additionally, a managing director has an average salary of $129,690, which is higher than the $69,241 average annual salary of a board of directors member.

The top three skills for a board of directors member include financial statements, non-profit organization and oversight. The most important skills for a managing director are healthcare, portfolio, and business development.

Board of directors member vs managing director overview

	Board Of Directors Member	Managing Director
Yearly salary	$69,241	$129,690
Hourly rate	$33.29	$62.35
Growth rate	6%	6%
Number of jobs	14,968	81,022
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
Average age	52	44
Years of experience	-	6

What does a board of directors member do?

A board of directors member's role is to represent a particular area or personnel within or outside an organization. They are primarily responsible for attending meetings, understanding concerns and giving a vote, crafting policies that would benefit the company and assets they represent, and then implementing them upon other members' approval. Furthermore, they have the power to make corporate decisions revolving around the workforce and financial matters, all in adherence to a business or organization's vision, mission, and policies.

What does a managing director do?

A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.

Board of directors member vs managing director salary

Board of directorss member and managing directors have different pay scales, as shown below.

	Board Of Directors Member	Managing Director
Average salary	$69,241	$129,690
Salary range	Between $31,000 And $150,000	Between $72,000 And $233,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Paul, Weiss, Rifkind, Wharton & Garrison
Best paying industry	-	Finance

Differences between board of directors member and managing director education

There are a few differences between a board of directors member and a managing director in terms of educational background:

	Board Of Directors Member	Managing Director
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Board of directors member vs managing director demographics

Here are the differences between board of directorss member' and managing directors' demographics:

	Board Of Directors Member	Managing Director
Average age	52	44
Gender ratio	Male, 54.9% Female, 45.1%	Male, 73.5% Female, 26.5%
Race ratio	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%	Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5%
LGBT Percentage	12%	10%

Differences between board of directors member and managing director duties and responsibilities

Board of directors member example responsibilities.

Manage all association's bookkeeping on QuickBooks.
Manage the application and qualification process with the IRS for the organization's 501c4 tax exempt status.
Assume leadership of demoralize congregation and accomplish a restoration of church membership confidence and public relations within the community.
Interface with OSHA, IRS, CPA external auditor, commercial banks, and outside vendors.
Provide direct oversight of all CRM activities.
Research and file documents to incorporate and receive IRS non-profit status.

Managing director example responsibilities.

Create and manage the social media presence via a festival page on Facebook.
Manage all consulting resources and have overall P/L responsibilities for the Atlanta office.
Manage the lessee and lessor relationships regarding exchange seat leases with major markets, such as NYSE, AMEX, CBOE.
Manage denials and expedite managed care appeals (reimbursement reconsideration).
Manage payroll processing for thousands of industrial temporary workers and bill respective clients.
Manage the Ketera SaaS relationship for IBM with engagement development and profitability responsibilities.

Board of directors member vs managing director skills

Common board of directors member skills

Financial Statements, 16%
Non-Profit Organization, 16%
Oversight, 11%
Community Outreach, 6%
Governance, 5%
Strategic Direction, 4%

Common managing director skills

Healthcare, 7%
Portfolio, 7%
Business Development, 6%
Oversight, 6%
Project Management, 5%
Customer Service, 5%

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Board Of Directors Member vs Managing Director

Updated January 8, 2025

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