Managing Directors

Managing Directors manage the overall policies and direction of organisations under guiding stipulations from the board of directors, chief executive officers and other stakeholders. They should have excellent management, analytical and leadership abilities and ensure that organisations operate at optimal levels.

Quick summary

  • Starting salary: $125,000 P/A
  • Senior salary: $287,500 P/A
  • Average salary: $206,000 P/A
  •   * Wages will vary according to your level of skill, experience and employer
  • Employment level: 68,700 as of November 2012 (Projected employment levels in 2017 of 67,400)
  • Average weekly hours: Average weekly hours worked for a full time Managing Director is 50.2 hours
  • Employment by region: The top three regions for employment as a Managing Director include:
    • NSW: 35.2%
    • VIC: 24.5%
    • QLD: 19.8%

Employment growth

Total employment growth over the past 5 years for male and female, employed part-time and full-time is 27,600

Gender (including full time and part time)

The percentage of males and females working full time and part time are:

  • Male Full Time: 74.1%
  • Male Part Time: 7.6%
  • Female Full Time: 14.1%
  • Female Part Time: 4.2%

Other relevant information

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

Skills required

  • Analytical Skills
  • Critical Thinking
  • Leadership Abilities
  • Organisational and Coordination Skills
  • Strong Communication Skills

Working conditions

Managing Directors typically work regular Monday to Friday hours, but may be required to work evenings or weekends to meet deadlines, review projects and liaise with stakeholders. They typically work in an indoor office setting with computer and database systems and office supplies but must travel to attend important meetings with boards, external resources and stakeholders.

Professional associations / Industry information

Australian Institute of Management