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Chief development officer vs managing director

The differences between chief development officers and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a chief development officer, 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 $116,047 average annual salary of a chief development officer.

The top three skills for a chief development officer include kids, oversight and CDO. The most important skills for a managing director are healthcare, portfolio, and business development.

Chief development officer vs managing director overview

Chief Development OfficerManaging Director
Yearly salary$116,047$129,690
Hourly rate$55.79$62.35
Growth rate8%6%
Number of jobs135,51181,022
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 68%
Average age4244
Years of experience46

What does a chief development officer do?

A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.

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.

Chief development officer vs managing director salary

Chief development officers and managing directors have different pay scales, as shown below.

Chief Development OfficerManaging Director
Average salary$116,047$129,690
Salary rangeBetween $67,000 And $199,000Between $72,000 And $233,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyMcKinsey & Company IncPaul, Weiss, Rifkind, Wharton & Garrison
Best paying industryProfessionalFinance

Differences between chief development officer and managing director education

There are a few differences between a chief development officer and a managing director in terms of educational background:

Chief Development OfficerManaging Director
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Chief development officer vs managing director demographics

Here are the differences between chief development officers' and managing directors' demographics:

Chief Development OfficerManaging Director
Average age4244
Gender ratioMale, 66.7% Female, 33.3%Male, 73.5% Female, 26.5%
Race ratioBlack or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4%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 Percentage16%10%

Differences between chief development officer and managing director duties and responsibilities

Chief development officer example responsibilities.

  • Manage SDLC process, while participating in requirements gathering, functional documentation, data analysis, and implementation plans.
  • Collaborate with, and provide oversight for, community providers, vendors, and contractors.
  • Partner with architects and provide weekly construction oversight.
  • Serve as back-up for payroll processing and benefits administrator.
  • Coordinate alumni benefits program, including travel and marketing services.
  • Thank and recognize donors in an appropriate and timely manner and manage and maintain donor database including updating and managing files.
  • Show more

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.
  • Show more

Chief development officer vs managing director skills

Common chief development officer skills
  • Kids, 13%
  • Oversight, 9%
  • CDO, 7%
  • Strategic Plan, 7%
  • Relationship Building, 6%
  • Fundraising Strategy, 6%
Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%

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