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Managing director vs executive vice president

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 vs executive vice president overview

Managing DirectorExecutive Vice President
Yearly salary$129,690$216,285
Hourly rate$62.35$103.98
Growth rate6%6%
Number of jobs81,022123,982
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Average age4452
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 executive vice president do?

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 director vs executive vice president salary

Managing directors and executive vice presidents have different pay scales, as shown below.

Managing DirectorExecutive Vice President
Average salary$129,690$216,285
Salary rangeBetween $72,000 And $233,000Between $118,000 And $394,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkWashington
Best paying companyPaul, Weiss, Rifkind, Wharton & GarrisonGartner
Best paying industryFinanceTelecommunication

Differences between managing director and executive vice president education

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

Managing DirectorExecutive Vice President
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Managing director vs executive vice president demographics

Here are the differences between managing directors' and executive vice presidents' demographics:

Managing DirectorExecutive Vice President
Average age4452
Gender ratioMale, 73.5% Female, 26.5%Male, 74.7% Female, 25.3%
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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6%
LGBT Percentage10%12%

Differences between managing director and executive vice president 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

Executive vice president example responsibilities.

  • Used data and KPI's to achieve consistent sales growth and below industry average turnover.
  • Manage logistics department, negotiate rates with suppliers, oversee incoming and outgoing inventory.
  • Lead the implementation of a new third-party ERP system, introducing sophisticate enterprise management system where none exist previously.
  • Manage operations and logistics, staff planning and supervision for all administrative, personnel, training and logistical requirements.
  • Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.
  • Provide oversight over subordinate supervisors and complete twice-monthly payroll activities, ensuring employees are paid as expected and on time.
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Managing director vs executive vice president skills

Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%
Common executive vice president skills
  • Financial Statements, 9%
  • Oversight, 6%
  • Business Development, 6%
  • Healthcare, 6%
  • Revenue Growth, 6%
  • Strategic Partnerships, 4%

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