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The differences between chief nursing officers and managing directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a chief nursing officer and a managing director. Additionally, a managing director has an average salary of $129,690, which is higher than the $104,466 average annual salary of a chief nursing officer.
The top three skills for a chief nursing officer include patients, CNO and rehabilitation. The most important skills for a managing director are healthcare, portfolio, and business development.
| Chief Nursing Officer | Managing Director | |
| Yearly salary | $104,466 | $129,690 |
| Hourly rate | $50.22 | $62.35 |
| Growth rate | 28% | 6% |
| Number of jobs | 107,336 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 68% |
| Average age | 47 | 44 |
| Years of experience | 6 | 6 |
A Chief Nursing Officer supervises nurses and nurse managers, recommends strategies to improve services, and establishes goals for a healthcare facility. They ensure that operations comply with established standards and regulations, as well as prepare and supervise business reports, including annual budgets.
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 nursing officers and managing directors have different pay scales, as shown below.
| Chief Nursing Officer | Managing Director | |
| Average salary | $104,466 | $129,690 |
| Salary range | Between $71,000 And $151,000 | Between $72,000 And $233,000 |
| Highest paying City | San Jose, CA | New York, NY |
| Highest paying state | Oregon | New York |
| Best paying company | McKinsey & Company Inc | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Health Care | Finance |
There are a few differences between a chief nursing officer and a managing director in terms of educational background:
| Chief Nursing Officer | Managing Director | |
| Most common degree | Bachelor's Degree, 47% | Bachelor's Degree, 68% |
| Most common major | Nursing | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief nursing officers' and managing directors' demographics:
| Chief Nursing Officer | Managing Director | |
| Average age | 47 | 44 |
| Gender ratio | Male, 23.2% Female, 76.8% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 11.7% Unknown, 4.3% Hispanic or Latino, 14.0% Asian, 7.8% White, 61.5% American Indian and Alaska Native, 0.7% | 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% |