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The differences between directors of operations and development 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 director of operations and development and a managing director. Additionally, a managing director has an average salary of $129,690, which is higher than the $108,641 average annual salary of a director of operations and development.
The top three skills for a director of operations and development include project management, product development and R. The most important skills for a managing director are healthcare, portfolio, and business development.
| Director Of Operations And Development | Managing Director | |
| Yearly salary | $108,641 | $129,690 |
| Hourly rate | $52.23 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 164,605 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
A director of operations and development is a senior management professional who manages all the aspects of business operations of an organization as well as direct all its product development efforts. This director is required to monitor administrators and company managers in maintaining the budget, regulatory compliance, and company business growth. The director must provide administrative support to the company's president while working with accountants and bank representatives to improve their financial management. The director of operations and development should also establish excellent relationships with the local community specialty offices to secure referrals.
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 operations and development and managing directors have different pay scales, as shown below.
| Director Of Operations And Development | Managing Director | |
| Average salary | $108,641 | $129,690 |
| Salary range | Between $76,000 And $154,000 | Between $72,000 And $233,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Paul, Weiss, Rifkind, Wharton & Garrison | |
| Best paying industry | Retail | Finance |
There are a few differences between a director of operations and development and a managing director in terms of educational background:
| Director Of Operations And Development | Managing Director | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between directors of operations and development' and managing directors' demographics:
| Director Of Operations And Development | Managing Director | |
| Average age | 44 | 44 |
| Gender ratio | Male, 70.1% Female, 29.9% | Male, 73.5% Female, 26.5% |
| Race ratio | 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% | 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 | 10% | 10% |