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The differences between executive officers 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 officer, 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 $74,745 average annual salary of an executive officer.
The top three skills for an executive officer include logistical support, oversight and combat. The most important skills for a managing director are healthcare, portfolio, and business development.
| Executive Officer | Managing Director | |
| Yearly salary | $74,745 | $129,690 |
| Hourly rate | $35.94 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 138,656 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
Executive officers execute high-level project support and executive tasks. These executives serve as the second-in-command in the organization. They assess the progress of the company's program plans to determine the success of its overall objectives. It is part of their job to coordinate the education, certification, and training of officers at the company level. They also emphasize safety risk management within the organization.
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 officers and managing directors have different pay scales, as shown below.
| Executive Officer | Managing Director | |
| Average salary | $74,745 | $129,690 |
| Salary range | Between $41,000 And $135,000 | Between $72,000 And $233,000 |
| Highest paying City | Redding, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Lloyds TSB Bank | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Government | Finance |
There are a few differences between an executive officer and a managing director in terms of educational background:
| Executive Officer | 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 executive officers' and managing directors' demographics:
| Executive Officer | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 76.2% Female, 23.8% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.9% 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% |