Owner and managing director education requirements

Updated January 8, 2025

4 min read

There are several educational requirements to become an owner and managing director. Owner and managing directors usually study business, finance, or marketing. 68% of owner and managing directors hold a bachelor's degree, and 17% hold an master's degree. We analyzed 993 real owner and managing director resumes to see exactly what owner and managing director education sections show.

The most common colleges for owner and managing directors are the University of Phoenix and the University of Phoenix.

There are also many online owner and managing director courses to help get the education required to be an owner and managing director.

What education do you need to become an owner and managing director?

What degree do you need to be an owner and managing director?

The most common degree for owner and managing directors is bachelor's degree, with 68% of owner and managing directors earning that degree. The second and third most common degree levels are master's degree degree at 17% and master's degree degree at 7%.

Bachelor's, 68%

Master's, 17%

Associate, 7%

Diploma, 4%

Other Degrees, 4%

What should I major in to become an owner and managing director?

You should major in business to become an owner and managing director. 31% of owner and managing directors major in business. Other common majors for an owner and managing director include finance and marketing.

Business, 31%

Finance, 7%

Marketing, 6%

Political Science, 6%

Other Majors, 50%

Most common colleges for owner and managing directors

Owner and managing directors often get their degrees at University of Phoenix, The University of Texas Health Science Center at Tyler, and New York University. Here are the most common colleges for owner and managing directors in the US based on their resumes.

Owner and managing director common college	Percentages
University of Phoenix	12.50%
The University of Texas Health Science Center at Tyler	8.65%
New York University	7.69%
Texas State University	4.81%
Georgia State University	4.81%

Show more common owner and managing director colleges

Best majors for owner and managing directors

Rank	Major	Percentages
1	Business	30.8%
2	Finance	7.4%
3	Marketing	6.0%
4	Political Science	5.7%
5	Communication	5.5%

Show more common owner and managing director majors

Best colleges for owner and managing directors

The best colleges for owner and managing directors are Northwestern University, University of Pennsylvania, and University of Southern California.

An owner and managing director with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for owner and managing directors. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become owner and managing directors.

1. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

4. New York University

New York, NY • Private

In-state tuition

$51,828

Enrollment

26,339

5. Pennsylvania State University

University Park, PA • Private

In-state tuition

$18,454

Enrollment

40,108

6. University of Texas at Austin

Austin, TX • Private

In-state tuition

$10,610

Enrollment

40,329

7. SUNY at Binghamton

Vestal, NY • Private

In-state tuition

$9,808

Enrollment

13,990

8. Northeastern University

Boston, MA • Private

In-state tuition

$51,522

Enrollment

13,760

9. Bentley University

Waltham, MA • Private

In-state tuition

$49,880

Enrollment

4,177

10. Lehigh University

Bethlehem, PA • Private

In-state tuition

$52,930

Enrollment

5,030

20 best online courses for owner and managing directors

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Top 10 most affordable universities for owner and managing directors

The most affordable schools for owner and managing directors are Baruch College of the City University of New York, university of florida, and florida state university.

If the best universities for owner and managing directors are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for owner and managing directors.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

3. Florida State University

Tallahassee, FL • Private

In-state tuition

$5,656

Cost of attendance

21,623

4. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

5. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

6. University of South Florida

Tampa, FL • Private

In-state tuition

$6,410

Cost of attendance

20,456

7. California State University - Fullerton

Fullerton, CA • Private

In-state tuition

$6,886

Cost of attendance

17,645

8. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

9. USF St. Petersburg

St. Petersburg, FL • Private

In-state tuition

$5,821

Cost of attendance

19,849

10. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

Top 10 hardest universities to get into for owner and managing directors

The hardest universities for owner and managing directors to get into are Northwestern University, University of Pennsylvania, and University of Southern California.

Some great schools for owner and managing directors are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for owner and managing directors based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

SAT average

1,492

3. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

4. Northeastern University

Boston, MA • Private

Admissions rate

19%

SAT average

1,466

5. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions rate

17%

SAT average

1,507

6. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

7. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

8. University of Miami

Coral Gables, FL • Private

Admissions rate

32%

SAT average

1,365

9. Lehigh University

Bethlehem, PA • Private

Admissions rate

22%

SAT average

1,380

10. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

Top 10 easy-to-apply-to universities for owner and managing directors

The easiest schools for owner and managing directors to get into are Mount Saint Mary's University, barry university, and oklahoma wesleyan university.

Some schools are much easier to get into. If you want to start your career as an owner and managing director without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for owner and managing directors.

1. Mount Saint Mary's University

Los Angeles, CA • Private

Admissions rate

84%

SAT average

1,031

2. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

3. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

4. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

5. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

6. University of the Incarnate Word

San Antonio, TX • Private

Admissions rate

88%

SAT average

1,044

7. Notre Dame de Namur University

Belmont, CA • Private

Admissions rate

82%

SAT average

983

8. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

9. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

10. Wayland Baptist University

Plainview, TX • Private

Admissions rate

98%

SAT average

1,003

Average owner and managing director salary by education level

Owner and managing directors with a Master's degree earn more than those without, at $97,501 annually. With a Doctorate degree, owner and managing directors earn a median annual income of $93,866 compared to $83,849 for owner and managing directors with an Bachelor's degree.

Owner and managing director education level	Owner and managing director salary
Master's Degree	$97,501
High School Diploma or Less	$68,248
Bachelor's Degree	$83,849
Doctorate Degree	$93,866
Some College/ Associate Degree	$70,375

Owner and managing director education FAQs

What is the best college for Owner And Managing Directors?

Have more questions? See all answers to common executive management questions.

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Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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