Corporate Director Salary
Job Description for Corporate Director
A corporate director is a high-level executive that manages a particular aspect of a corporation's operations. Typically, the director is part of an executive board or team. He or she is assigned to oversee specific areas of concern to the company, such as manufacturing, marketing, accounting, or human resources. The corporate director supervises managers who report directly to him or her. The director works with these managers to set budgets for operations and expenses.Read More...
One key area of responsibility for a corporate director is handling the hiring and promotion of managerial personnel within his or her area of responsibility. The director will typically use performance data and face-to-face interviews to hire new managers into the company or to promote management personnel from within the company. The director will then work to assure that all managers under his or her responsibility have the resources and training to execute their jobs. Corporate directors are also tasked with developing budgets and controlling how money is spent within their own divisions or departments. The director will typically develop cost structures and ensure that the funding approved by the corporate financial officer is spent according to the budget guidelines.
Corporate directors typically have extensive practical experience within their chosen fields. Typically, they undergraduate and/or graduate degrees in relevant fields. Most corporate directors have their own administrative staff to manage and work long hours in an office environment. Travel and fieldwork are also regular aspects of this job.
Corporate Director Tasks
- Approve the corporation’s annual budget and determine the salaries of board members.
- Supervise the financial performance of the company, working to protect the interests of shareholders.
- Sit on the board of a corporation to decide policies and objectives for the company.
- Participate in the process of selecting and monitoring the performance of the corporation’s CEO.
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Pay by Experience Level for Corporate Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience make $75K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $94K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $114K. Corporate Directors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $124K.