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Managing director vs associate director

The differences between managing directors and associate directors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a managing director has an average salary of $129,690, which is higher than the $114,223 average annual salary of an associate director.

The top three skills for a managing director include healthcare, portfolio and business development. The most important skills for an associate director are patients, healthcare, and project management.

Managing director vs associate director overview

Managing DirectorAssociate Director
Yearly salary$129,690$114,223
Hourly rate$62.35$54.91
Growth rate6%8%
Number of jobs81,02272,370
Job satisfaction-5
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 66%
Average age4447
Years of experience6-

What does a managing director do?

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.

What does an associate director do?

An associate director oversees the daily activities and business operations within a particular area. They are primarily responsible for devising strategies that aim for growth in profit and customer satisfaction, implementing policies and standards, evaluate the workforce, providing support to various departments, and setting goals in terms of budget and sales. Furthermore, they must regularly report progress to the director and coordinate with managers and supervisors in the joint effort to reach the vision and mission of the company.

Managing director vs associate director salary

Managing directors and associate directors have different pay scales, as shown below.

Managing DirectorAssociate Director
Average salary$129,690$114,223
Salary rangeBetween $72,000 And $233,000Between $79,000 And $164,000
Highest paying CityNew York, NYSouth San Francisco, CA
Highest paying stateNew YorkNew Jersey
Best paying companyPaul, Weiss, Rifkind, Wharton & GarrisonLegalmatch.com
Best paying industryFinancePharmaceutical

Differences between managing director and associate director education

There are a few differences between a managing director and an associate director in terms of educational background:

Managing DirectorAssociate Director
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Managing director vs associate director demographics

Here are the differences between managing directors' and associate directors' demographics:

Managing DirectorAssociate Director
Average age4447
Gender ratioMale, 73.5% Female, 26.5%Male, 52.0% Female, 48.0%
Race ratioBlack 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%Black or African American, 7.5% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 8.9% White, 65.5% American Indian and Alaska Native, 0.7%
LGBT Percentage10%10%

Differences between managing director and associate director duties and responsibilities

Managing director example responsibilities.

  • Create and manage the social media presence via a festival page on Facebook.
  • Manage all consulting resources and have overall P/L responsibilities for the Atlanta office.
  • Manage the lessee and lessor relationships regarding exchange seat leases with major markets, such as NYSE, AMEX, CBOE.
  • Manage denials and expedite managed care appeals (reimbursement reconsideration).
  • Manage payroll processing for thousands of industrial temporary workers and bill respective clients.
  • Manage the Ketera SaaS relationship for IBM with engagement development and profitability responsibilities.
    • Show more

Associate director example responsibilities.

  • Lead implementation of OPPE and FPPE for TJC.
  • Manage accounting, weekly reports, local contacts, and maintenance of sets, props, and costumes.
  • Manage all aspects of music ministry - including arranging all music for schedule services special programs and events.
  • Manage departmental training schedules, work schedules and CPSI electronic medical record (EMR), certifications and competencies.
  • Manage web development and rebranding initiative.
  • Create a coordinate university social media committee quadrupling engagement during campaigns and achieving a national twitter trend during commencement.
    • Show more

Managing director vs associate director skills

Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%
Common associate director skills
  • Patients, 11%
  • Healthcare, 8%
  • Project Management, 6%
  • Oversight, 6%
  • Portfolio, 6%
  • Excellent Interpersonal, 5%

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Updated January 8, 2025

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