Managing director vs managing partner

The differences between managing directors and managing partners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a managing director and a managing partner. Additionally, a managing partner has an average salary of $147,401, 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 a managing partner are food handling, cleanliness, and customer service.

Managing director vs managing partner overview

	Managing Director	Managing Partner
Yearly salary	$129,690	$147,401
Hourly rate	$62.35	$70.87
Growth rate	6%	6%
Number of jobs	81,022	66,916
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 67%
Average age	44	44
Years of experience	6	6

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 a managing partner do?

The primary role of managing partners is to manage a company's day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.

Managing director vs managing partner salary

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

	Managing Director	Managing Partner
Average salary	$129,690	$147,401
Salary range	Between $72,000 And $233,000	Between $83,000 And $259,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Paul, Weiss, Rifkind, Wharton & Garrison	Gartner
Best paying industry	Finance	Construction

Differences between managing director and managing partner education

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

	Managing Director	Managing Partner
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Managing director vs managing partner demographics

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

	Managing Director	Managing Partner
Average age	44	44
Gender ratio	Male, 73.5% Female, 26.5%	Male, 79.0% Female, 21.0%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	10%	10%

Differences between managing director and managing partner 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.

Managing partner example responsibilities.

Manage website, eBay, and Facebook marketing, as well as vendor relations and cross-marketing with vendors.
Manage daily operations, including office administration, accounts-payable, accounts-receivable, and payroll processing.
Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.
Perform all business development, sales, marketing, basic web design and SEO; administrative operations and actual event performance.
Create and develop internet presence via website and FaceBook.

Managing director vs managing partner skills

Common managing director skills

Healthcare, 7%
Portfolio, 7%
Business Development, 6%
Oversight, 6%
Project Management, 5%
Customer Service, 5%

Common managing partner skills

Food Handling, 20%
Cleanliness, 18%
Customer Service, 9%
Financial Statements, 5%
Regulatory Compliance, 4%
POS, 4%

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Managing Director
Managing Director vs Managing Partner

Updated January 8, 2025

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