How To Become A Managing Member: What It Is and Career Path

What is a managing member and how to become one

Updated January 8, 2025

3 min read

A managing member is involved in the daily management of a company. In this position, he/she can represent the company in negotiating contracts and agreeing to the terms binding them. He/She has an ownership interest in a limited liability company (LLC). Furthermore, he/she can purchase and sell properties owned by the company. Likewise, he/she can hire or terminate employees. However, managing members are salaried employees. They don't share in the profit or loss of the company. They participate in the development of policies and strategic plans.

A managing member must have at least a bachelor's degree in a relevant discipline and must have previous experience in a related role. You must also have extensive knowledge of the organization and the related industry and must possess time management, problem-solving, interpersonal, leadership, and management skills. Managing members earn an average salary of $92,168 per year, equivalent to $44.31 per hour. This varies from $46,000 to $182,000.

ScoreManaging MemberUS Average

Salary

7.2

Avg. Salary $92,537

Avg. Salary $59,228

Stability level

9.6

Growth rate 6%

Growth rate 0.3%

Diversity

3.4

Race

American Indian and Alaska Native 0.66%

Asian 8.92%

Black or African American 7.56%

Hispanic or Latino 12.67%

Unknown 4.69%

White 65.50%

Gender

female 30.81%

male 69.19%

Age - 47

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 47

Stress level

9.6

Stress level is very high

7.1 - high

Complexity level

9.2

Complexity level is advanced

7 - challenging

Work life balance

3.6

Work life balance is poor

6.4 - fair

Key steps to become a managing member

Explore managing member education requirements

Most common managing member degrees

Bachelor's

63.0 %

Master's

13.8 %

Associate

9.8 %

Start to develop specific managing member skills

Skills	Percentages
Financial Statements	13.57%
Real Estate	10.97%
Payroll	8.33%
Business Development	5.78%
Product Development	5.42%

Research managing member duties and responsibilities

Founded, develop and manage a playwriting group for NYC playwrights.
Manage concurrent projects locate across multiple time zones during daytime and off-hours maintenance windows.
Manage marketing and social media marketing activities, as well as company's e-commerce business and daily operations.
Form and manage an LLC for the manufacturing, sales, and distribution of an extremely unique line of magnetic jewelry.

Prepare your managing member resume

When your background is strong enough, you can start writing your managing member resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a managing member resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable managing member resume templates

Build a professional managing member resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your managing member resume.