How to become a managing director?
The Managing Director is responsible for many aspects of the business.
Primarily the Managing Director will be responsible for implementing company policy and any changes to it. As the aims of business are focussed towards growth, profits and increasing shareholder return it is the responsibility of the MD to ensure that the company strategy is geared towards this.
Becoming a managing director (MD) at a financial firm like an investment bank means high compensation and status, but there are only a few such positions available.
The responsibility for growing a business, creating jobs and providing shareholder return whilst making a difference to society can be incredibly satisfying. As well as this remuneration can be significant, not just in terms of salary but also bonuses, company shares and other work related benefits.
Steps to become a managing director.
Earn bachelor’s degree in marketing or management or business
Do an internship
Earn master degree
Find a entry level job as a business analyst or consultant
Gain 2 years of experience
Do job as a consultant
Gain 4 years of experience as a consultant
You are eligible for engagement manager
Gain 6 years of experience as a engagement manager
Now you are eligible for associate principles position
Gain 8 years of experience as a associate principles
With 8 years of experience you are eligible for principle job position
Now you are eligible for senior partner.
After having some years of experience as a senior partner you can become a managing director.
You need to have total 15 to 20 years of experience to become a managing director.
Skills must have needed to become a managing director.
Minimum Education
Bachelor in management
Bachelor in marketing
Or master of business administration
Degree required
Bachelor in business
Bachelor in marketing
Bachelor in management
MBA in marketing
MBA in management
Master in management
Master in marketing
Master in business
Salary
A mid-career Managing Director, Sales & Marketing with 5-9 years of experience earns an average total compensation of ₹1,350,000 per year.
The average salary for a Managing Director is $100785 per year in United States.
