Avg. Base Salary (GBP)
The average salary for a Senior Managing Director is £77,754 in 2023
What is the Pay by Experience Level for Senior Managing Directors?
An early career Senior Managing Director with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £64,824 based on 29 salaries. A mid-career Senior Managing Director with 5-9 years of experience earns an average total compensation of £65,000 based on 25 salaries. An …Read more
What Do Senior Managing Directors Do?
Senior managing directors must have a strong drive to succeed to grow new and existing broking productions, as well as assist in developing sales and marketing strategies to increase revenue. These directors may develop plans to identify targeted prospects and existing clients and collaborate with other teams to build new clients and targets, and leadership skills are important in this position to understand clients' needs and develop cost-effective solutions. They must also maintain a thorough …Read more
- Uses business skills to create company policy that leads to growth and profits.
- Represents company at public events.
- Builds a strong team and mentors and supports the professional development of its leaders.
- Uses management principles to set up and implement business operations following company policy.
FAQs About Senior Managing Directors
What is the highest pay for Senior Managing Directors?
Our data indicates that the highest pay for a Senior Managing Director is £129k / year
What is the lowest pay for Senior Managing Directors?
Our data indicates that the lowest pay for a Senior Managing Director is £46k / year
How can Senior Managing Directors increase their salary?
Increasing your pay as a Senior Managing Director is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Managing Director that oversees more junior Senior Managing Directors, this experience can increase the likelihood to earn more.