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What is a vice president/managing director and how to become one
A company's vice president (VP) is usually the second or third most powerful member of the company. The basic job obligations of a vice president begin with those of a manager. These are the basic supervisory obligations of anyone who works as a manager in an organization and has employees reporting to them. Your job as a vice president or managing director includes creating and implementing business strategy for the company, advising the board of directors and the chairperson on strategic matters, developing and implementing comprehensive business plans to help you reach your goals.
To become a vice president/managing director, you must complete several educational prerequisites. Vice presidents and managing directors are typically the business, finance, or marketing graduates. To be a good vice president, you must be creative and have excellent leadership and management abilities. Motivational, good public speaker, self-assured, and goal-oriented are also desirable qualities. The average yearly income for a vice president/managing director is $204,779, or $98.45 per hour.
Avg. Salary $223,090
Avg. Salary $59,228
Growth rate 6%
Growth rate 0.3%
American Indian and Alaska Native 0.47%
Asian 6.42%
Black or African American 6.25%
Hispanic or Latino 15.41%
Unknown 4.35%
White 67.11%
Genderfemale 22.37%
male 77.63%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is very high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Vice president/managing director career paths
Key steps to become a vice president/managing director
Explore vice president/managing director education requirements
Start to develop specific vice president/managing director skills
Skills Percentages Portfolio 8.46% Financial Services 8.44% Wealth Management 7.43% Business Development 7.03% Relationship Management 5.95% Complete relevant vice president/managing director training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New vice president/managing directors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a vice president/managing director based on U.S. Bureau of Labor Statistics data and data from real vice president/managing director resumes.Gain additional vice president/managing director certifications
More About CertificationsVice president/managing director certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific vice president/managing director certification, having one may help you stand out relative to other applicants.
The most common certifications for vice president/managing directors include Program Management Professional (PgMP) and Certified Practice Manager (CPM).
Research vice president/managing director duties and responsibilities
- Manage installation of commodity and interest rate trading systems at large trading floors in the UK and Europe.
- Design and manage multiple evidence-base healthcare solutions for population health and analytics in alignment with the organizational mission.
- Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.
- Create integrated communications programs in healthcare specialties, such as HIV/AIDS, infectious diseases and women's health.
Get vice president/managing director experience
Generally, it takes 4-6 years to become a vice president/managing director. The most common roles before becoming a vice president/managing director include vice president, senior vice president team lead and general manager.Prepare your vice president/managing director resume
When your background is strong enough, you can start writing your vice president/managing director resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a vice president/managing director resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable vice president/managing director resume templates
Build a professional vice president/managing director resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your vice president/managing director resume.
Apply for vice president/managing director jobs
Now it's time to start searching for a vice president/managing director job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average vice president/managing director salary
The average vice president/managing director salary in the United States is $223,090 per year or $107 per hour. Vice president/managing director salaries range between $138,000 and $358,000 per year.
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Independence in decision making
I am responsible for everything be it any side of the business
Updated January 8, 2025
