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The differences between owner/directors and managing directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an owner/director and a managing director. Additionally, a managing director has an average salary of $129,690, which is higher than the $45,038 average annual salary of an owner/director.
The top three skills for an owner/director include payroll, financial management and child care facility. The most important skills for a managing director are healthcare, portfolio, and business development.
| Owner/Director | Managing Director | |
| Yearly salary | $45,038 | $129,690 |
| Hourly rate | $21.65 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 71,178 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
The primary job of owners/directors is to provide strategic leadership and oversee the entire business operations of the company. They are expected to develop and implement company policies and strategic plans for the company. Other duties and responsibilities include driving organizational success, maximizing shareholder value, and developing the company's business structure. Business owners and directors are also responsible for leading and guiding executives and building the company's public profile at various events. The skills and qualifications needed for this role include a master's degree in business or a related field, previous experience as a director, and excellent leadership skills.
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.
Owner/directors and managing directors have different pay scales, as shown below.
| Owner/Director | Managing Director | |
| Average salary | $45,038 | $129,690 |
| Salary range | Between $23,000 And $87,000 | Between $72,000 And $233,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | - | Finance |
There are a few differences between an owner/director and a managing director in terms of educational background:
| Owner/Director | Managing Director | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner/directors' and managing directors' demographics:
| Owner/Director | Managing Director | |
| Average age | 44 | 44 |
| Gender ratio | Male, 34.1% Female, 65.9% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 10% | 10% |