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The differences between directors of client development and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a director of client development, 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 $87,570 average annual salary of a director of client development.
The top three skills for a director of client development include client facing, digital marketing and client relationships. The most important skills for a managing director are healthcare, portfolio, and business development.
| Director Of Client Development | Managing Director | |
| Yearly salary | $87,570 | $129,690 |
| Hourly rate | $42.10 | $62.35 |
| Growth rate | 5% | 6% |
| Number of jobs | 124,777 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 68% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
A director of client development is a management executive who is responsible for managing business development managers to provide customer service to clients. This director is required to identify and secure business opportunities to support new revenue growth for the organization. The director must develop sales strategies for new account prospects and secure profitable new business by managing marketing activities, performing competitive analysis, and conducting client meetings. This director must also meet with the organization's chief operations officer to review their sales efforts and build territory business plans.
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.
Directors of client development and managing directors have different pay scales, as shown below.
| Director Of Client Development | Managing Director | |
| Average salary | $87,570 | $129,690 |
| Salary range | Between $60,000 And $125,000 | Between $72,000 And $233,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Shearman & Sterling | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Finance | Finance |
There are a few differences between a director of client development and a managing director in terms of educational background:
| Director Of Client Development | Managing Director | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between directors of client development' and managing directors' demographics:
| Director Of Client Development | Managing Director | |
| Average age | 46 | 44 |
| Gender ratio | Male, 60.5% Female, 39.5% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | 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 | 7% | 10% |