how to become a managing director

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

MBA in business

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.

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