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The differences between vice presidents 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 vice president, becoming a managing director takes usually requires 4-6 years. Additionally, a vice president has an average salary of $158,637, which is higher than the $129,690 average annual salary of a managing director.
The top three skills for a vice president include healthcare, oversight and project management. The most important skills for a managing director are healthcare, portfolio, and business development.
| Vice President | Managing Director | |
| Yearly salary | $158,637 | $129,690 |
| Hourly rate | $76.27 | $62.35 |
| Growth rate | 6% | 6% |
| Number of jobs | 119,530 | 81,022 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
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.
Vice presidents and managing directors have different pay scales, as shown below.
| Vice President | Managing Director | |
| Average salary | $158,637 | $129,690 |
| Salary range | Between $107,000 And $235,000 | Between $72,000 And $233,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Brookfield Properties | Paul, Weiss, Rifkind, Wharton & Garrison |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a vice president and a managing director in terms of educational background:
| Vice President | Managing Director | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between vice presidents' and managing directors' demographics:
| Vice President | Managing Director | |
| Average age | 52 | 44 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 73.5% Female, 26.5% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% 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% |