What is a Managing Member

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.

There is more than meets the eye when it comes to being a Managing Member. For example, did you know that they make an average of $49.71 an hour? That's $103,406 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Managing Member Do

There are certain skills that many Managing Members have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Management skills, Time-management skills and Problem-solving skills.

Learn more about what a Managing Member does

How To Become a Managing Member

If you're interested in becoming a Managing Member, one of the first things to consider is how much education you need. We've determined that 63.0% of Managing Members have a bachelor's degree. In terms of higher education levels, we found that 13.8% of Managing Members have master's degrees. Even though most Managing Members have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Managing Member. When we researched the most common majors for a Managing Member, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Managing Member resumes include Associate Degree degrees or Doctoral Degree degrees.

You may find that experience in other jobs will help you become a Managing Member. In fact, many Managing Member jobs require experience in a role such as Vice President. Meanwhile, many Managing Members also have previous career experience in roles such as President or Internship.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. IBM Jobs (8)
  2. Holiday Retirement Jobs (5)
  3. AT&T Jobs (23)
  4. Society for Human Resource Management Jobs (5)
  5. General Electric Jobs (6)
Average Salary
$103,406
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
24,792
Job Openings
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Average Salary for a Managing Member

Managing Members in America make an average salary of $103,406 per year or $50 per hour. The top 10 percent makes over $176,000 per year, while the bottom 10 percent under $60,000 per year.
Average Salary
$103,406
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12 Managing Member Resume Examples

Learn How To Write a Managing Member Resume

At Zippia, we went through countless Managing Member resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Managing Member Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. IBM Jobs (8)
  2. Holiday Retirement Jobs (5)
  3. AT&T Jobs (23)
  4. Society for Human Resource Management Jobs (5)
  5. General Electric Jobs (6)

Choose From 10+ Customizable Managing Member Resume templates

Zippia allows you to choose from different easy-to-use Managing Member templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Managing Member resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Managing Member Demographics

Managing Member Gender Statistics

male

69.2 %

female

30.8 %

Managing Member Ethnicity Statistics

White

70.0 %

Hispanic or Latino

12.1 %

Asian

8.1 %

Managing Member Foreign Languages Spoken Statistics

Spanish

41.9 %

French

12.5 %

Chinese

6.9 %
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Managing Member Education

Managing Member Majors

30.3 %
8.7 %

Managing Member Degrees

Bachelors

63.0 %

Masters

13.8 %

Associate

9.8 %

Top Colleges for Managing Members

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

6. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

7. University of Washington

Seattle, WA • Private

In-State Tuition
$11,207
Enrollment
30,905

8. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

9. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

10. University of Maryland - College Park

College Park, MD • Private

In-State Tuition
$10,595
Enrollment
30,184
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Top Skills For a Managing Member

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.0% of Managing Members listed Financial Statements on their resume, but soft skills such as Management skills and Time-management skills are important as well.

Best States For a Managing Member

Some places are better than others when it comes to starting a career as a Managing Member. The best states for people in this position are Pennsylvania, Connecticut, Delaware, and New York. Managing Members make the most in Pennsylvania with an average salary of $127,375. Whereas in Connecticut and Delaware, they would average $123,538 and $121,833, respectively. While Managing Members would only make an average of $121,172 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Managing Member Jobs:
135
Highest 10% Earn:
$207,000
Location Quotient:
4.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Managing Member Jobs:
1,671
Highest 10% Earn:
$208,000
Location Quotient:
4.88
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Managing Member Jobs:
66
Highest 10% Earn:
$212,000
Location Quotient:
0.75
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Managing Members

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Top Managing Member Employers

Most Common Employers For Managing Member

RankCompanyZippia ScoreAverage Managing Member SalaryAverage Salary
1$108,128
2$91,673
3$83,945
4$83,930
5$82,261
6$80,114

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