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The differences between chief executive officers 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 chief executive officer, becoming a managing director takes usually requires 4-6 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a chief executive officer include healthcare, patients and patient care. The most important skills for a managing director are healthcare, portfolio, and business development.
| Chief Executive Officer | Managing Director | |
| Yearly salary | $192,260 | $129,690 |
| Hourly rate | $92.43 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 149,185 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
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 executive officers and managing directors have different pay scales, as shown below.
| Chief Executive Officer | Managing Director | |
| Average salary | $192,260 | $129,690 |
| Salary range | Between $104,000 And $354,000 | Between $72,000 And $233,000 |
| Highest paying City | Urban Honolulu, HI | New York, NY |
| Highest paying state | Hawaii | New York |
| Best paying company | Alecto Healthcare Services LLC | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Start-up | Finance |
There are a few differences between a chief executive officer and a managing director in terms of educational background:
| Chief Executive Officer | Managing Director | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief executive officers' and managing directors' demographics:
| Chief Executive Officer | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% 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% |