Article

What does a Managing Director do?

Learn all about Managing Director duties, skills and much more. Get expert advice on how to become a Managing Director.

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

A managing director is responsible for the overall management and operation of a company. They develop and implement strategies and policies to ensure the company's long-term success. They also oversee the day-to-day operations of the company and make decisions on behalf of the board of directors.

Managing Director job duties include:

  • Overseeing the daily operations of the company
  • Developing and implementing strategies to grow the company
  • Creating and managing budgets
  • Formulating policies
  • Hiring and firing employees
  • Evaluating employee performance
  • Managing customer relations
  • Planning and executing marketing campaigns
  • Handling public relations

Managing Director Job Requirements

A Managing Director typically needs a minimum of a Bachelor's degree, although many have Master's degrees or higher. They must also have several years of experience in management, as well as any relevant certifications.

Managing Director Skills

  • Strategic Planning
  • Business Development
  • Team Building and Leadership
  • Financial Management
  • Marketing and Sales
  • Operations Management
  • Project Management
  • Risk Management
  • Human Resources
  • Change Management
  • Quality Control

Related: Top Managing Director Skills: Definition and Examples

How to become a Managing Director

There is no one specific path to becoming a managing director, but there are a few things that will help you on the way. Firstly, it is important to have a strong educational background and be able to demonstrate excellent leadership skills. Secondly, you will need to gain a significant amount of experience in the business world, preferably in a management role. Finally, it is helpful to build up a strong network of contacts and relationships within the business community.

If you can tick off all of these boxes, then you will be well on your way to becoming a managing director. Of course, it is also important to have the drive and ambition to succeed in such a role. Managing directors are responsible for leading and overseeing the work of an entire organization, so it is a demanding and challenging position. But if you are up for the challenge and have what it takes to lead a team, then go for it!

Related: Managing Director Resume Example

Related: Managing Director Interview Questions (With Example Answers)