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The differences between managing directors and executive vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a managing director, becoming an executive vice president takes usually requires More than 10 years. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a managing director include healthcare, portfolio and business development. The most important skills for an executive vice president are financial statements, oversight, and business development.
| Managing Director | Executive Vice President | |
| Yearly salary | $129,690 | $216,285 |
| Hourly rate | $62.35 | $103.98 |
| Growth rate | 6% | 6% |
| Number of jobs | 81,022 | 123,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
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.
An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.
Managing directors and executive vice presidents have different pay scales, as shown below.
| Managing Director | Executive Vice President | |
| Average salary | $129,690 | $216,285 |
| Salary range | Between $72,000 And $233,000 | Between $118,000 And $394,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Washington |
| Best paying company | Paul, Weiss, Rifkind, Wharton & Garrison | Gartner |
| Best paying industry | Finance | Telecommunication |
There are a few differences between a managing director and an executive vice president in terms of educational background:
| Managing Director | Executive Vice President | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between managing directors' and executive vice presidents' demographics:
| Managing Director | Executive Vice President | |
| Average age | 44 | 52 |
| Gender ratio | Male, 73.5% Female, 26.5% | Male, 74.7% Female, 25.3% |
| Race ratio | 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% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |