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Become A Vice President/Managing Director

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Working As A Vice President/Managing Director

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $180,000

    Average Salary

What Does A Vice President/Managing Director Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Vice President/Managing Director

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Average Length of Employment
Managing Partner 5.3 years
Managing Director 4.6 years
Vice President 4.2 years
Market Director 3.3 years
Top Careers Before Vice President/Managing Director
Director 4.5%
President 3.8%
Manager 2.9%
Top Careers After Vice President/Managing Director
President 7.3%
Consultant 5.0%
Principal 4.4%
Director 2.3%
Partner 1.9%

Do you work as a Vice President/Managing Director?

Vice President/Managing Director Demographics

Gender

Male

70.3%

Female

21.3%

Unknown

8.3%
Ethnicity

White

63.7%

Hispanic or Latino

14.2%

Black or African American

11.9%

Asian

6.7%

Unknown

3.4%
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Foreign Languages Spoken

Spanish

42.9%

French

10.7%

Portuguese

7.1%

Mandarin

7.1%

Irish

3.6%

Hungarian

3.6%

Chinese

3.6%

Ukrainian

3.6%

German

3.6%

Dutch

3.6%

Japanese

3.6%

Carrier

3.6%

Italian

3.6%
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Vice President/Managing Director Education

Schools

New York University

10.4%

Northwestern University

6.8%

University of Southern California

6.3%

University of Chicago

6.3%

Michigan State University

5.9%

Harvard University

5.9%

Arizona State University

5.0%

George Washington University

4.5%

Temple University

4.5%

Duke University

4.5%

Boston University

4.5%

Hofstra University

4.5%

University of Pennsylvania

4.1%

Ohio State University

4.1%

University of Connecticut

4.1%

University of Virginia

4.1%

Northeastern University

4.1%

Syracuse University

3.6%

University of Cincinnati

3.6%

Fordham University

3.6%
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Majors

Business

34.8%

Finance

11.6%

Marketing

9.9%

Management

7.0%

Accounting

4.9%

Communication

4.3%

Economics

4.0%

Law

2.5%

Journalism

2.4%

Political Science

2.3%

Psychology

2.2%

Education

2.1%

English

1.8%

Computer Science

1.7%

History

1.7%

Human Resources Management

1.6%

Advertising

1.6%

Public Relations

1.3%

Graphic Design

1.1%

Real Estate

1.0%
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Degrees

Bachelors

44.4%

Masters

36.2%

Other

12.7%

Doctorate

3.7%

Certificate

1.5%

Associate

0.9%

Diploma

0.5%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$180,000
View Detailed Salary Report
$111,000
Min 10%
$180,000
Median 50%
$180,000
Median 50%
$180,000
Median 50%
$180,000
Median 50%
$180,000
Median 50%
$180,000
Median 50%
$180,000
Median 50%
$291,000
Max 90%
Best Paying Company
HomeStreet
Highest Paying City
Palo Alto, CA
Highest Paying State
Utah
Avg Experience Level
4.6 years
How much does a Vice President/Managing Director make at top companies?
The national average salary for a Vice President/Managing Director in the United States is $180,519 per year or $87 per hour. Those in the bottom 10 percent make under $111,000 a year, and the top 10 percent make over $291,000.

Real Vice President/Managing Director Salaries

Job Title Company Location Start Date Salary
EVP, Managing Director Agencytwofifteen LLC San Francisco, CA May 10, 2010 $340,000 -
$360,000
SVP, Managing Director Carat USA, Inc. Santa Monica, CA Aug 12, 2016 $325,000
EVP, Managing Director BBDO USA LLC San Francisco, CA Apr 20, 2015 $300,000
EVP, Managing Director Starcom Mediavest Group, Inc. Los Angeles, CA Sep 11, 2013 $300,000
EVP, Managing Director Starcom Mediavest Group, Inc. New York, NY Sep 11, 2013 $300,000
SR. VP & Managing DIR., FW Biokenetics & Pharma BU Foster Wheeler USA Corporation Philadelphia, PA Oct 24, 2011 $270,000
Managing Director and Vice President, Nike Foundat NIKE, Inc. Beaverton, OR Jan 01, 2012 $265,000
Vice-President & Managing Director Globant, LLC New York, NY Jan 08, 2016 $250,000 -
$270,000
Vice President Managing Director-Americas Merisant Us, Inc. Chicago, IL Oct 15, 2010 $245,000
Vice President-Managing Director Hunt Equities Inc. Dallas, TX Jan 01, 2016 $225,000
Vice President/Managing Director, Latin America Affiliated Independent Distributors Inc. Wayne, PA Jan 09, 2016 $201,864 -
$253,002
Executive Vice President, Managing Director Agencytwofifteen LLC San Francisco, CA May 11, 2012 $200,000 -
$450,000
Vice-President and Managing Director Ungria International, Inc. Woodcliff Lake, NJ Dec 29, 2016 $187,200
VP, Management Director FCB Worldwide, Inc. New York, NY Nov 07, 2016 $185,000 -
$200,000
Managing Director/Vice President Ixblue, Inc. Natick, MA Sep 18, 2014 $185,000 -
$250,000
Vice President, Management Director Saatchi & Saatchi North America Inc. New York, NY Nov 30, 2011 $175,000
Vice President and Managing Director, BTI Systems BTI Systems Inc. Marlborough, MA May 31, 2011 $171,309 -
$175,000
Vice President and Managing Director, BTI Systems BTI Systems Corp. Marlborough, MA May 31, 2011 $171,309 -
$175,000
V.P., Management & Director, Canada Practice Wasserman Media Group, LLC Los Angeles, CA Dec 01, 2010 $157,539 -
$200,000
V.P., Management & Director, Canada Practice Wasserman Media Group LLC Los Angeles, CA Dec 01, 2010 $157,539 -
$200,000
VP Associate Director-Client Management HSBC Securities (USA) Inc. New York, NY Jul 30, 2015 $155,834
VP, Portfolio Management & DIR Global Research Worldquant, LLC Old Greenwich, CT Sep 12, 2013 $150,000
VP, Portfolio Management & DIR Global Research Worldquant, LLC Old Greenwich, CT Sep 10, 2013 $150,000

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Top Skills for A Vice President/Managing Director

  1. Business Development
  2. Revenue Growth
  3. Strategic Plan
You can check out examples of real life uses of top skills on resumes here:
  • Assisted Business Development in qualifying and attaining new business while ensuring that all Defense and Space Systems customers were completely satisfied.
  • Led a massive brand reinvention, including the realignment of existing assets and the development of new pathways to revenue growth.
  • Developed and implemented a strategic plan designed to identify and assess the business opportunities.
  • Developed products for financial services market.
  • Managed all consulting resources and had overall P/L responsibilities for the Atlanta office.

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Top 10 Best States for Vice President/Managing Directors

  1. Rhode Island
  2. District of Columbia
  3. Texas
  4. Illinois
  5. South Dakota
  6. New Jersey
  7. Massachusetts
  8. Pennsylvania
  9. California
  10. New York
  • (88 jobs)
  • (337 jobs)
  • (1,481 jobs)
  • (1,208 jobs)
  • (36 jobs)
  • (766 jobs)
  • (976 jobs)
  • (680 jobs)
  • (3,311 jobs)
  • (2,104 jobs)

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