How to become a managing director
Pathways to this career
- Complete an accredited bachelor's degree in your preferred field of study. While there are many paths to becoming a managing director, a business degree is a great place to start.
- Change careers or progress further with a postgraduate degree in business.
- Take an industry recognised director's course. These are often provided by business associations. You may meet your next mentor or employer.
- Seek out industry leaders in your preferred field. Ask questions, observe practices and complete on-the-job training when possible. These relationships may assist in developing leadership and decision-making skills.
What does a managing director do?Managing Directors determine, formulate and review the general policy programs and the overall direction of organisations within the framework established by boards of directors and similar governing bodies.
Duties and tasks
- Allocate financial resources and authorise human resource requirements to effectively implement policies and programs.
- Compile and present reports, budgets and projection plans to organisations governing boards and stakeholders.
- Determine senior staff and review programs, reports and recommendations made by management team.
- Officially represent the organisation in negotiations, public hearings, conferences, etc.
- Oversee monitoring and evaluation of organisation enactment with objectives.
- Research relevant legislation and regulations pertaining to organisations activities and ensure practices are within legal limits.
- Set forth objectives, policies and strategies and direct overall operations of organisations.
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