"business development," "healthcare," and "portfolio" aren't the only skills we found managing directors list on their resumes. In fact, there's a whole list of managing director responsibilities that we found, including: The most important skills for a managing director to have in this position are leadership skills. In this excerpt that we gathered from a managing director resume, you'll understand why: "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." According to resumes we found, leadership skills can be used by a managing director in order to "provide strategic direction and leadership in designing and implementing an effective control infrastructure across oreo asset management operations. " Another commonly found skill for being able to perform managing director duties is the following: management skills. According to a managing director resume, "top executives must shape and direct the operations of an organization." Check out this example of how managing directors use management skills: "provided strategic direction for all computing technologies and developed and maintained process/procedure for all problem, change and asset management. " Problem-solving skills is also an important skill for managing directors to have. This example of how managing directors use this skill comes from a managing director resume, "top executives need to identify and resolve issues within an organization" Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "worked on two asset management contracts with resolution trust corporation with two separate companies. " In order for certain managing director responsibilities to be completed, the job requires the skill "time-management skills." According to a managing director resume, "top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals." As an example, this snippet was taken directly from a resume about how this skill applies: "ensured all business units completed transactions as scheduled and according to deadlines. " Yet another important skill that a managing director must demonstrate is "communication skills." Top executives must be able to communicate clearly and persuasively This is clearly demonstrated in this example from a managing director who stated: "major clients included organizations from advertising/marketing; associations; automotive, financial services, packaged goods, and telecommunications. "
See the full list of managing director skills.
After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a managing director. We found that 67.5% of managing directors have graduated with a bachelor's degree and 21.2% of people in this position have earned their master's degrees. While most managing directors have a college degree, you may find it's also true that generally it's impossible to be successful in this career with only a high school degree. In fact, our research shows that one out of every nine managing directors were not college graduates.
Those managing directors who do attend college, typically earn either business degrees or finance degrees. Less commonly earned degrees for managing directors include accounting degrees or marketing degrees.
When you're ready to become a managing director, you might wonder which companies hire managing directors. According to our research through managing director resumes, managing directors are mostly hired by Anthem, PricewaterhouseCoopers, and KPMG. Now is a good time to apply as Anthem has 114 managing directors job openings, and there are 71 at PricewaterhouseCoopers and 62 at KPMG.
If you're interested in companies where managing directors make the most money, you'll want to apply for positions at Accenture, CIT Group, and RBS Securities. We found that at Accenture, the average managing director salary is $316,063. Whereas at CIT Group, managing directors earn roughly $312,004. And at RBS Securities, they make an average salary of $300,431.
View more details on managing director salaries across the United States.
We also looked into companies who hire managing directors from the top 100 educational institutions in the U.S. The top three companies that hire the most from these institutions include Bank of America, Citi, and Wells Fargo.
In general, managing directors fulfill roles in the finance and professional industries. While employment numbers are high in those industries, the managing director annual salary is the highest in the media industry with $208,324 as the average salary. Meanwhile, the finance and manufacturing industries pay $202,228 and $149,087 respectively. This means that managing directors who are employed in the media industry make 72.4% more than managing directors who work in the transportation Industry.