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The differences between strategic planning directors and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a strategic planning director, becoming a managing director takes usually requires 4-6 years. Additionally, a strategic planning director has an average salary of $142,172, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a strategic planning director include project management, business development and financial models. The most important skills for a managing director are healthcare, portfolio, and business development.
| Strategic Planning Director | Managing Director | |
| Yearly salary | $142,172 | $129,690 |
| Hourly rate | $68.35 | $62.35 |
| Growth rate | 10% | 6% |
| Number of jobs | 59,153 | 81,022 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
A strategic planning director is responsible for overseeing the organization's operations and processes to identify strategic initiatives that would drive the company to its long-term growth and development. Strategic planning directors identify business opportunities that would generate more revenue resources and profits by conducting data and statistical analysis with the current industry trends. They also monitor sales and marketing activities to ensure the efficient delivery of promotional campaigns on various market platforms. A strategic planning director must have excellent communication skills, especially in negotiating contracts with clients and maintaining a long-lasting business relationship.
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.
Strategic planning directors and managing directors have different pay scales, as shown below.
| Strategic Planning Director | Managing Director | |
| Average salary | $142,172 | $129,690 |
| Salary range | Between $94,000 And $214,000 | Between $72,000 And $233,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Oregon | New York |
| Best paying company | Meta | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a strategic planning director and a managing director in terms of educational background:
| Strategic Planning Director | Managing Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between strategic planning directors' and managing directors' demographics:
| Strategic Planning Director | Managing Director | |
| Average age | 39 | 44 |
| Gender ratio | Male, 71.1% Female, 28.9% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | 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% |