WHAT IS A MANAGING DIRECTOR?

SHOW FILTERS
Location
Course unitInclude course units

What do I need to study to become a Managing Director?

Australian Institute of Business

Build stand-out skills in strategic leadership and management with this internationally recognised online Master of Business Administration course from the Australian Institute of Business. 

loading

Displaying all courses

What is a Managing Director?

The Managing Director or MD is the most senior position in any organisation. Holding ultimate accountability for the company’s performance, the Managing Director reports to the Chairman and shareholders whilst also typically sitting on the Board of Directors.

Primarily responsible for guiding and maintaining company policy and vision, the Managing Director is focused on ensuring that the organisation’s efforts are geared towards growth, profits and increasing shareholder return. They implement strategies approved by the board and ensure that the company’s structure and practices are aligned with the goals and mission statement of the organisation.

Other duties performed by a Managing Director include monitoring and comparing financial and operational results against budgets and targets as well as representing the company at corporate and public events, such as conferences and press briefings. They also serve as the point of communication between management executives, the board of directors and the company’s shareholders.

What do Managing Directors do?

  • Liaising with the board to set mission statements and company objectives, and develop strategies, methods and plans to achieve them.
  • Guiding and upholding company policy and vision.
  • Communicating with shareholders and the board of directors, presenting budgets, forecasts, strategies and results.
  • Authorising distribution of resources to support company objectives.
  • Comparing and evaluating company performance against budgets and targets.
  • Reviewing financial and operational performance and discussing with senior managers.
  • Providing company representation at corporate and public events such as conferences, press briefings and in negotiations.
  • Approving appointment of senior management and department heads.
  • Maintaining compliance with organisational policies and relevant state and federal laws and legislation.

Career snapshot for Managing Director

  • The average age of working Managing Directors is 50.
  • 77.90% of Managing Directors are male.
  • 86.90% of Managing Directors work full-time and on average they work around 48.3 hours per week.
  • With A Bachelor Degree or higher, Managing Directors get paid $2,572 per week Before Tax.
  • Unemployment levels are below average.
  • In 2015 records showed 58,900 employed Managing Directors.
  • The projected growth of the profession is estimated to be strong with employment numbers around 67,700 by 2020.
Reset