Managing Director Overview
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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Managing Director Career Paths
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of president you might progress to a role such as president & chief operating officer eventually. Later on in your career, you could end up with the title president & chief operating officer.
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
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Arrow Electronics Supplier Management Director-Netapp Supplier Management Director-Netapp | Arrow Electronics Arrow Electronics | 01/30/2021 01/30/2021 | $212,14701/30/2021 $212,147 |
Arrow Electronics Supplier Management Director-Netapp Supplier Management Director-Netapp | Arrow Electronics Arrow Electronics | 01/29/2021 01/29/2021 | $212,14701/29/2021 $212,147 |
Atrium Hospitality Headquarters Director, Revenue Management Director, Revenue Management | Atrium Hospitality Headquarters Atrium Hospitality Headquarters | 01/29/2021 01/29/2021 | $66,83901/29/2021 $66,839 |
Cardinal Group Companies Revenue Management Director Revenue Management Director | Cardinal Group Companies Cardinal Group Companies | 01/28/2021 01/28/2021 | $100,00001/28/2021 $100,000 |
System One Services 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 InformationTop Colleges for Managing Directors
1. University of Pennsylvania
Philadelphia, PA • Private
2. Northwestern University
Evanston, IL • Private
3. University of Southern California
Los Angeles, CA • Private
4. New York University
New York, NY • Private
5. Pennsylvania State University
University Park, PA • Public
6. University of Texas at Austin
Austin, TX • Public
7. SUNY at Binghamton
Vestal, NY • Public
8. Northeastern University
Boston, MA • Private
9. Bentley University
Waltham, MA • Private
10. Lehigh University
Bethlehem, PA • Private
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.
- Business Development, 8.0%
- Healthcare, 7.6%
- Portfolio, 7.1%
- Oversight, 5.6%
- Project Management, 5.5%
- Other Skills, 66.2% See All Managing Director Skills
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
$151,180
Avg. Salary
2. Delaware
$137,324
Avg. Salary
3. New Jersey
$139,520
Avg. Salary
How Do Managing Director Rate Their Jobs?
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
Managing Director Videos
