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The differences between president & chief operating officers and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a president & chief operating officer, becoming a managing director takes usually requires 4-6 years. Additionally, a president & chief operating officer has an average salary of $211,982, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a president & chief operating officer include financial performance, revenue growth and product development. The most important skills for a managing director are healthcare, portfolio, and business development.
| President & Chief Operating Officer | Managing Director | |
| Yearly salary | $211,982 | $129,690 |
| Hourly rate | $101.91 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 130,349 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.
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.
President & chief operating officers and managing directors have different pay scales, as shown below.
| President & Chief Operating Officer | Managing Director | |
| Average salary | $211,982 | $129,690 |
| Salary range | Between $114,000 And $391,000 | Between $72,000 And $233,000 |
| Highest paying City | Las Vegas, NV | New York, NY |
| Highest paying state | Nevada | New York |
| Best paying company | Global Atlantic Financial Group Limited | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Construction | Finance |
There are a few differences between a president & chief operating officer and a managing director in terms of educational background:
| President & Chief Operating Officer | Managing Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between president & chief operating officers' and managing directors' demographics:
| President & Chief Operating Officer | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 86.1% Female, 13.9% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% | 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 | 12% | 10% |