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Vice president vs managing director

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 vs managing director overview

Vice PresidentManaging Director
Yearly salary$158,637$129,690
Hourly rate$76.27$62.35
Growth rate6%6%
Number of jobs119,53081,022
Job satisfaction4-
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 68%
Average age5244
Years of experience-6

What does a vice president do?

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.

What does a managing director do?

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 president vs managing director salary

Vice presidents and managing directors have different pay scales, as shown below.

Vice PresidentManaging Director
Average salary$158,637$129,690
Salary rangeBetween $107,000 And $235,000Between $72,000 And $233,000
Highest paying CitySan Francisco, CANew York, NY
Highest paying stateNew YorkNew York
Best paying companyBrookfield PropertiesPaul, Weiss, Rifkind, Wharton & Garrison
Best paying industryManufacturingFinance

Differences between vice president and managing director education

There are a few differences between a vice president and a managing director in terms of educational background:

Vice PresidentManaging Director
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Vice president vs managing director demographics

Here are the differences between vice presidents' and managing directors' demographics:

Vice PresidentManaging Director
Average age5244
Gender ratioMale, 65.8% Female, 34.2%Male, 73.5% Female, 26.5%
Race ratioBlack 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 Percentage12%10%

Differences between vice president and managing director duties and responsibilities

Vice president example responsibilities.

  • Develop and implement global SOX methodology, manage risk assessment and testing, evaluate deficiencies and lead remediation efforts.
  • Manage $54MM loan portfolio of problem assets with the goal to implement strategies of rehabilitation, exit and/or liquidation.
  • Manage day-to-day operations, marketing, record keeping, insurance billing, human resources, budgeting, and HIPAA compliance.
  • Manage the web design, PPC, social media marketing, SEO, traditional and digital marketing, and customer experience.
  • Manage FDA regulate manufacturing division.
  • Manage QuickBooks; implement budget/variance tracking and reporting.
  • Show more

Managing director example responsibilities.

  • Create and manage the social media presence via a festival page on Facebook.
  • Manage all consulting resources and have overall P/L responsibilities for the Atlanta office.
  • Manage the lessee and lessor relationships regarding exchange seat leases with major markets, such as NYSE, AMEX, CBOE.
  • Manage denials and expedite managed care appeals (reimbursement reconsideration).
  • Manage payroll processing for thousands of industrial temporary workers and bill respective clients.
  • Manage the Ketera SaaS relationship for IBM with engagement development and profitability responsibilities.
  • Show more

Vice president vs managing director skills

Common vice president skills
  • Healthcare, 10%
  • Oversight, 7%
  • Project Management, 6%
  • Customer Service, 6%
  • Risk Management, 6%
  • Business Development, 5%
Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%

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