Managing director vs president

The differences between managing directors and 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 a president takes usually requires More than 10 years. Additionally, a president has an average salary of $192,329, 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 president are financial statements, product development, and R.

Managing director vs president overview

	Managing Director	President
Yearly salary	$129,690	$192,329
Hourly rate	$62.35	$92.47
Growth rate	6%	6%
Number of jobs	81,022	49,413
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 68%	Bachelor's Degree, 71%
Average age	44	52
Years of experience	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 president do?

Presidents are usually the highest-level executives in an organization. They oversee the whole company. They identify clear goals and provide strategic direction as the company works towards the achievement of their overall vision. Presidents are the decision-makers in the company. They make crucial decisions to ensure that the company continues to grow and survives challenges that come their way. They are expected to consider all stakeholders, from the board of directors and employees to the customers in their decision-making process. Presidents also represent the company in external functions, especially during high-level events. As such, they are expected to be professional, well-mannered, and good communicators.

Managing director vs president salary

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

	Managing Director	President
Average salary	$129,690	$192,329
Salary range	Between $72,000 And $233,000	Between $114,000 And $323,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Paul, Weiss, Rifkind, Wharton & Garrison	UnitedHealth Group
Best paying industry	Finance	-

Differences between managing director and president education

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

	Managing Director	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

Managing director vs president demographics

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

	Managing Director	President
Average age	44	52
Gender ratio	Male, 73.5% Female, 26.5%	Male, 64.5% Female, 35.5%
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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	10%	12%

Differences between managing director and 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.

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President example responsibilities.

Manage HVAC contracting business specializing in the installation and service of residential and commercial heating and cooling equipment.
Achieve strategic, operational and programmatic goals meeting budget EBITDA expectations.
Lead meetings; create and present PowerPoint presentations to members about upcoming events
Activate previously undiscovered ERP modules to automate supply chain management and forecasting capabilities.
Manage a 75 plus person fraternity as president and implement strict attendance and payment policies that increase chapter operation efficiency.
Provide direct oversight and effective leadership through training and identification of strategic priorities to achieve program outcomes and organizational goals.

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Managing director vs president skills

Common managing director skills

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

Common president skills

Financial Statements, 14%
Product Development, 6%
R, 6%
Business Development, 5%
Real Estate, 5%
Human Resources, 5%

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Updated January 8, 2025

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