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The differences between directors of retail operations 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 retail operations and a managing director. Additionally, a managing director has an average salary of $129,690, which is higher than the $108,032 average annual salary of a director of retail operations.
The top three skills for a director of retail operations include retail operations, business development and project management. The most important skills for a managing director are healthcare, portfolio, and business development.
| Director Of Retail Operations | Managing Director | |
| Yearly salary | $108,032 | $129,690 |
| Hourly rate | $51.94 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 153,695 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
A director of retail operations spearheads and oversees the overall retail functions of a company. It is their duty to manage employees, set goals and budgets, establish guidelines and timelines, streamline roadmaps, gather and analyze data to identify the strengths and weaknesses of operations, develop solutions against vulnerable areas, and create strategies to optimize the workflow and the performance of the workforce. Moreover, as a director, it is essential to lead and encourage staff to reach goals while enforcing the company's policies and regulations, implementing new ones as necessary.
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 retail operations and managing directors have different pay scales, as shown below.
| Director Of Retail Operations | Managing Director | |
| Average salary | $108,032 | $129,690 |
| Salary range | Between $72,000 And $161,000 | Between $72,000 And $233,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | DoorDash | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Finance | Finance |
There are a few differences between a director of retail operations and a managing director in terms of educational background:
| Director Of Retail Operations | Managing Director | |
| Most common degree | Bachelor's Degree, 73% | 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 retail operations' and managing directors' demographics:
| Director Of Retail Operations | Managing Director | |
| Average age | 44 | 44 |
| Gender ratio | Male, 67.4% Female, 32.6% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% 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% |