Managing Director
Provide strategic advice and leadership to ensure the success of a business.
Job opportunities
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Jobs in Jobstreet right nowJob growth
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Typical monthly salaryJob satisfaction
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Job opportunities
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Jobs in Jobstreet right nowSalary
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Typical monthly salaryJob growth
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In the last yearJob satisfaction
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On this page
- What's it like to be a Managing Director?
- How to become a Managing Director
- Top skills and experience for Managing Directors
- Managing Director role reviews
What's it like to be a Managing Director?
A Managing Director is a high ranking manager in an organisation who oversees all business activities. They are excellent strategists who guide the board, and control the company’s resources and workforce in accordance with the vision of the CEO. They also maintain open communication with stakeholders, such as customers, government departments and agencies and local authorities.
Tasks and duties
- Monitoring the recruitment and retention of staff.
- Implementing business strategies for the company’s short and long-term goals.
- Maintaining research and development programs to propel the company towards the forefront of the industry.
- Ensuring that company policies are being followed by other employees.
- Overseeing financial performance and investments, and reporting back to the CEO.
- Supervising the work of executives while providing guidance and direction to boost productivity and team morale.
- Reviewing submitted reports by other managers to reward performance and prevent issues from becoming a company problem.
How to become a Managing Director
There are many ways to become a Managing Director but it’s necessary to have a formal education and years of experience in the industry.
- Complete a bachelor degree in business administration or equivalent, such as finance, accounting, or economics. You should also consider getting a masters degree and/or PhD to develop higher-level leadership, communication and interpersonal skills. If your industry is specific to the arts, medicine or engineering, it may help to complete a degree in your chosen field.
- Gain substantial experience. It takes many years to become a Managing Director. Most Managing Directors were principals or directors in a business for several years before advancing to the role.
- Expand your network and establish your brand. A Managing Director is the public face of the company so getting widely recognised will boost your reputation.
- Find a mentor. They can be a fellow or aspirational board member, or an executive team member, or somebody outside your industry who can aid with your professional development.
Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Managing Director employers on Jobstreet are looking for job seekers with expertise in the following areas. Business Planning
Business Operations
Business Strategies
Financial Management
Business Growth
Profit and Loss
Strategic Consulting
Strategic Thinking
Key Accounts Management
Market Development
Marketing Strategy
Technical Reporting
Corporate Governance
Strategic Planning
Communication Skills
Relationship Building
Budgeting
Formulation
Financial Performance
Business Processes
Source: Jobstreet job ads and Jobstreet Profile data
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Latest Managing Director reviews
Jun 2023
Unexpected
Reviewer's QualificationMaster of Business Administration
Experience1 – 4 years
Organisation sizeSmall (1-19 employees)
SpecialisationAccounting
The good thingsAble to deal with people with different industries and learn their trades.
It's getting excited day by day.
The challengesHaving too many hours working and staying late nights for many days as well.
Read more
Source: Jobstreet role reviews
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