Log InSign Up
Article

What does a Managing Director do?

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)

Editorial staff

Photo of Brenna Goyette, Editor

Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

Similar articles