How to hire a vice president/managing director

How to hire a vice president/managing director, step by step

Here's a step-by-step vice president/managing director hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a vice president/managing director job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new vice president/managing director
• Step 8: Go through the hiring process checklist

What does a vice president/managing director do?

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1. Identify your hiring needs

   The vice president/managing director hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect vice president/managing director also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   The following list breaks down different types of vice president/managing directors and their corresponding salaries.

   Type of Vice President/Managing Director	Description	Hourly rate
   Vice President/Managing Director	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.	$66-172
   Business Director	Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands... Show more	$41-85
   Operations Vice President	The responsibilities of an operations vice president will revolve around overseeing business operations and ensuring workforce and workflow efficiency through evaluations and providing strategic plans that would drive the company to meet its vision and mission. An operations vice president, in adherence to the company policies and regulations, also has the power to hire and train employees, even to execute disciplinary actions such as termination or suspension when necessary... Show more	$50-119

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Portfolio
   • Financial Services
   • Wealth Management
   • Business Development
   • Relationship Management
   • Investment Management
   • Client Relationships
   • Brokerage
   • Real Estate
   • Securities
   • Commercial Banking
   • Hedge Funds
   • Strategic Direction
   • Revenue Growth

   Check all skills

   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.
   • Create an extensive performance appraisal system that include a complete portfolio of performance-base incentives.
   • Conduct oversight of firm's investment adviser business including discretionary and non-discretionary rep as portfolio manager programs.

   More vice president/managing director duties

3. Make a budget

   Including a salary range in your vice president/managing director job description helps attract top candidates to the position. A vice president/managing director salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a vice president/managing director in New Mexico may be lower than in Alaska, and an entry-level vice president/managing director usually earns less than a senior-level vice president/managing director. Additionally, a vice president/managing director with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average vice president/managing director salary

   $223,090yearly

   $107.25 hourly rate

   ---

   Entry-level vice president/managing director salary

   $138,000 yearly salary

   Updated December 17, 2025

   Average vice president/managing director salary by state

   Rank	State	Avg. salary	Hourly rate
   1	Washington	$279,742	$134
   2	Colorado	$266,862	$128
   3	Maryland	$256,197	$123
   4	District of Columbia	$246,772	$119
   5	New York	$243,266	$117
   6	California	$238,795	$115
   7	Illinois	$231,755	$111
   8	Virginia	$229,403	$110
   9	Texas	$229,210	$110
   10	Michigan	$224,614	$108
   11	Pennsylvania	$222,859	$107
   12	Massachusetts	$222,848	$107
   13	Minnesota	$222,583	$107
   14	Connecticut	$216,734	$104
   15	Delaware	$213,805	$103
   16	Oregon	$203,136	$98
   17	Ohio	$201,452	$97
   18	Indiana	$197,962	$95
   19	Utah	$197,712	$95
   20	Georgia	$196,033	$94

   Average vice president/managing director salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Horizon Media	$260,920	$125.44	9
   2	Nike	$255,577	$122.87	1
   3	The Peoples Bank	$246,060	$118.30	6
   4	Draftfcb	$244,328	$117.47
   5	Eastern Bank	$241,190	$115.96
   6	R/GA	$233,097	$112.07	9
   7	VideoAmp	$232,587	$111.82
   8	OneMain	$231,655	$111.37	13
   9	EverCommerce	$229,825	$110.49
   10	Merisant	$229,825	$110.49
   11	*n/a*	$229,724	$110.44	3
   12	Saatchi & Saatchi Advertising Worldwide Inc	$227,867	$109.55
   13	BenefitMall	$221,451	$106.47
   14	J.P. Morgan	$220,993	$106.25
   15	Morgan Stanley	$220,207	$105.87	176
   16	Goldman Sachs	$218,866	$105.22	49
   17	Wasserman	$218,536	$105.07	1
   18	Vixxo	$213,470	$102.63
   19	Mathematica	$211,331	$101.60
   20	AllianceBernstein	$210,871	$101.38	17

4. Writing a vice president/managing director job description

   A vice president/managing director job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a vice president/managing director job description:

   Vice president/managing director job description example

   the brand builder. the idea igniter.
   
   Management Director
   
   At FCB Chicago, the Management Director is a skilled primary relationship builder with deep credentials and a talent for human interaction. The person in this role will listen, understand and anticipate client needs. Someone who oversees and helps deliver the kind of creative marketing communications and strategic thinking that smashes established category assumptions. This person will never cease to find new ideas and opportunities to strengthen and expand the client's business. As a key collaborator, this person knows how to unite and motivate various departments towards a common goal.
   
   the position:
   
   * Understands the client's business beyond the marketing aspect
   * Thinks collaboratively and leverages various disciplines in the agency to present client brand-building opportunities and agency-building initiatives
   * Maintains communications with senior members of other departments to ensure all client needs are being addressed
   * Manages needs of team members to maximize learning and productivity while minimizing turnover
   * Analyzes P&L statements and takes necessary action to ensure profitability
   
   the personality:
   
   * Is passionate about branding and consumer activation and demonstrates the ability to extend brand equity through channels beyond TV advertising
   * Exhibits strong interpersonal skills that encourage team cooperation, promote enthusiasm and motivate relationship-building
   * Consumer Promotion and digital expertise a huge plus (partnerships, sponsorships, couponing, sweepstakes, contests, instant win, etc.)
   * Always up on the latest online and offline trends and formats that may influence or intrigue the shopper (i.e., consumer and retailer insights, promotions, displays, packaging, store formats, digital extensions, etc.)
   * Shows the ability to monitor and evaluate marketing environment for the big brand-building opportunities and initiatives
   * Has developed staff management and partnership abilities
   * Displays strong analytical abilities, both quantitative and qualitative
   * Demonstrates superior oral, written and strategic abilities
   * Has experience with financial planning and revenue forecasting
   * Possesses an integrated background with online/offline expertise
   * Has earned a bachelor's degree
   * Has 12 years of relevant industry experience
   
   the requirements:
   
   * FCB has adopted a hybrid working environment. It is required for employees to be in office Tuesday-Thursday and can work from home Monday and Friday
   * FCB will be implementing a vaccine mandate for employees. All employees will be required to be fully vaccinated or provide approval of an accommodation
   
   It is the policy of FCB and any of its affiliates to provide equal employment opportunities to all employees and applicants for employment without regard to race, religion, color, ethnic origin, gender, gender identity, age, marital status, veteran status, sexual orientation, disability, or any other basis prohibited by applicable federal, state, or local law. EOE/AA/M/D/V/F.

   Copy this example

   

5. Post your job

   To find vice president/managing directors for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any vice president/managing directors they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level vice president/managing directors with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your vice president/managing director job on Zippia to find and recruit vice president/managing director candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with vice president/managing director candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new vice president/managing director

   Once you have selected a candidate for the vice president/managing director position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   To prepare for the new vice president/managing director first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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