Corporate Hierarchy and Management Roles
On Wall Street, managing directors are department or division heads. Senior vice presidents and vice presidents are on lower rungs of the corporate ladder. Anywhere else, except in Hollywood, the title director is a middle-management title, roughly equivalent to a vice president but lower than a senior vice president.
Types of Management
Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling.
Levels of Managers
Most organizations, however, still have four basic levels of management: top, middle, first line, and team leaders.
Director Level Salary Insights
The salaries of Directors in the US range from $146,400 to $219,600, with a median salary of $183,000. The middle 67% of Directors makes $183,000, with the top 67% making $219,600.
Career Progression Beyond Managing Director
Careers Beyond the MD Level: Group Head, COO, CEO And More As stated above, there are roles beyond the Managing Director level: Senior Managing Director, Group Head, CEO or COO, and so on. There’s little data available on the paths to reach these roles, but these very senior levels are 100% results-driven.