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The differences between executive directors/chief executive officer 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 an executive director/chief executive officer, becoming a managing director takes usually requires 4-6 years. Additionally, an executive director/chief executive officer has an average salary of $133,699, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for an executive director/chief executive officer include financial management, regulatory compliance and business strategy. The most important skills for a managing director are healthcare, portfolio, and business development.
| Executive Director/Chief Executive Officer | Managing Director | |
| Yearly salary | $133,699 | $129,690 |
| Hourly rate | $64.28 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 168,416 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
An executive director/chief executive officer is an executive who is in-charged in the management of a company's overall operations and growth. The position is decided by the company's board and its shareholders. The executive's primary responsibilities include making major corporate decisions and managing company resources. The role of a chief executive officer varies depending on the size of the company, its culture, and corporate structure. Also, the position requires good interpersonal, leadership, analytical, and management skills to accomplish such responsibilities.
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.
Executive directors/chief executive officer and managing directors have different pay scales, as shown below.
| Executive Director/Chief Executive Officer | Managing Director | |
| Average salary | $133,699 | $129,690 |
| Salary range | Between $77,000 And $231,000 | Between $72,000 And $233,000 |
| Highest paying City | Palo Alto, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | Open Society Foundations | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | - | Finance |
There are a few differences between an executive director/chief executive officer and a managing director in terms of educational background:
| Executive Director/Chief Executive Officer | Managing Director | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive directors/chief executive officer' and managing directors' demographics:
| Executive Director/Chief Executive Officer | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 65.7% Female, 34.3% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.2% 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% |