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The differences between group vice presidents 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 group vice president, becoming a managing director takes usually requires 4-6 years. Additionally, a group vice president has an average salary of $167,679, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a group vice president include financial services, healthcare and project management. The most important skills for a managing director are healthcare, portfolio, and business development.
| Group Vice President | Managing Director | |
| Yearly salary | $167,679 | $129,690 |
| Hourly rate | $80.61 | $62.35 |
| Growth rate | 17% | 6% |
| Number of jobs | 51,499 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 68% |
| Average age | 46 | 44 |
| Years of experience | 8 | 6 |
A group vice president is primarily in charge of implementing an organization or group's policies and regulations, including its vision and mission. Most of the time, they directly report progress to the president and assist in carrying out new programs and protocols that optimize the overall business procedures. Their responsibilities also include researching new business opportunities, developing solutions on organizational issues, setting goals and objectives, overseeing the performance of the workforce, and monitoring the workflow to ensure efficiency and growth.
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.
Group vice presidents and managing directors have different pay scales, as shown below.
| Group Vice President | Managing Director | |
| Average salary | $167,679 | $129,690 |
| Salary range | Between $106,000 And $264,000 | Between $72,000 And $233,000 |
| Highest paying City | Seattle, WA | New York, NY |
| Highest paying state | Alaska | New York |
| Best paying company | Citi | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Finance | Finance |
There are a few differences between a group vice president and a managing director in terms of educational background:
| Group Vice President | 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 group vice presidents' and managing directors' demographics:
| Group Vice President | Managing Director | |
| Average age | 46 | 44 |
| Gender ratio | Male, 71.5% Female, 28.5% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% | 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 | 11% | 10% |