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Managing Director Careers

There is more than meets the eye when it comes to being a managing director. For example, did you know that they make an average of $77.09 an hour? That's $160,351 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Managing Director Do

There are certain skills that many managing directors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed leadership skills, management skills and problem-solving skills.

When it comes to the most important skills required to be a managing director, we found that a lot of resumes listed 8.0% of managing directors included business development, while 7.6% of resumes included healthcare, and 7.1% of resumes included portfolio. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the managing director job title. But what industry to start with? Most managing directors actually find jobs in the finance and professional industries.

How To Become a Managing Director

If you're interested in becoming a managing director, one of the first things to consider is how much education you need. We've determined that 42.6% of managing directors have a bachelor's degree. In terms of higher education levels, we found that 38.3% of managing directors have master's degrees. Even though most managing directors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a managing director. When we researched the most common majors for a managing director, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on managing director resumes include doctoral degree degrees or associate degree degrees.

You may find that experience in other jobs will help you become a managing director. In fact, many managing director jobs require experience in a role such as vice president. Meanwhile, many managing directors also have previous career experience in roles such as director or senior vice president.

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Average Salary
$160,351
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
37,250
Job Openings

Managing Director Career Paths

Top Careers Before Managing Director

Top Careers After Managing Director

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Managing Director

Managing Directors in America make an average salary of $160,351 per year or $77 per hour. The top 10 percent makes over $292,000 per year, while the bottom 10 percent under $87,000 per year.
Average Salary
$160,351

Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range123k - 272k$184k$183,716
Greenwich, CT
Salary Range107k - 239k$161k$160,936
Jersey City, NJ
Salary Range106k - 235k$158k$158,328
Washington, DC
Salary Range104k - 223k$152k$152,399
Arlington, VA
Salary Range103k - 222k$152k$152,243
Baltimore, MD
Salary Range97k - 210k$144k$143,729
$65k
$272k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Supplier Management Director-Netapp
Supplier Management Director-Netapp
Arrow Electronics
Arrow Electronics
01/30/2021
01/30/2021
$212,14701/30/2021
$212,147
Supplier Management Director-Netapp
Supplier Management Director-Netapp
Arrow Electronics
Arrow Electronics
01/29/2021
01/29/2021
$212,14701/29/2021
$212,147
Director, Revenue Management
Director, Revenue Management
Atrium Hospitality Headquarters
Atrium Hospitality Headquarters
01/29/2021
01/29/2021
$66,83901/29/2021
$66,839
Revenue Management Director
Revenue Management Director
Cardinal Group Companies
Cardinal Group Companies
01/28/2021
01/28/2021
$100,00001/28/2021
$100,000
Director, Revenue Cycle Management
Director, Revenue Cycle Management
System One Services
System One Services
01/27/2021
01/27/2021
$100,00001/27/2021
$100,000
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Managing Director Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Managing Director. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Managing Director Resume

At Zippia, we went through countless Managing Director resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Managing Director Demographics

Gender

male

69.3 %

female

25.6 %

unknown

5.0 %

Ethnicity

White

72.7 %

Hispanic or Latino

13.0 %

Asian

6.0 %

Foreign Languages Spoken

Spanish

33.9 %

French

15.7 %

German

8.7 %
See More Demographics

Managing Director Education

Majors

Business
32.8 %
Finance
14.3 %

Degrees

Bachelors

42.6 %

Masters

38.3 %

Doctorate

5.9 %

Top Colleges for Managing Directors

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

6. University of Texas at Austin

Austin, TX • Public

In-State Tuition
$10,610
Enrollment
40,329

7. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Managing Director

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 8.0% of managing directors listed business development on their resume, but soft skills such as leadership skills and management skills are important as well.

Best States For a Managing Director

Some places are better than others when it comes to starting a career as a managing director. The best states for people in this position are New York, New Jersey, Connecticut, and Delaware. Managing directors make the most in New York with an average salary of $151,180. Whereas in New Jersey and Connecticut, they would average $139,520 and $138,195, respectively. While managing directors would only make an average of $137,324 in Delaware, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Managing Director Jobs:
3,115
Highest 10% Earn:
$248,000
Location Quotient:
2.06
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Delaware

Total Managing Director Jobs:
264
Highest 10% Earn:
$232,000
Location Quotient:
1.79
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New Jersey

Total Managing Director Jobs:
1,449
Highest 10% Earn:
$235,000
Location Quotient:
1.55
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Managing Director Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ managing directors and discovered their number of managing director opportunities and average salary. Through our research, we concluded that Huntington Learning Center was the best, especially with an average salary of $121,585. Goldman Sachs follows up with an average salary of $280,110, and then comes JPMorgan Chase with an average of $292,643. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a managing director. The employers include U.S. Bank, MEDNAX, and American Chemical Society

1. Huntington Learning Center
3.9
Avg. Salary: 
$121,585
Managing Directors Hired: 
123+
2. Goldman Sachs
4.9
Avg. Salary: 
$280,110
Managing Directors Hired: 
111+
3. JPMorgan Chase
4.9
Avg. Salary: 
$292,643
Managing Directors Hired: 
89+
4. Citi
4.8
Avg. Salary: 
$285,901
Managing Directors Hired: 
86+
5. Morgan Stanley
4.9
Avg. Salary: 
$283,481
Managing Directors Hired: 
84+
6. Charles Schwab
4.8
Avg. Salary: 
$170,783
Managing Directors Hired: 
82+

Managing Director Videos

Updated October 2, 2020