$148,222
Avg. Salary

Average additional compensation for this job:

Bonus

$31,293

Profit Sharing

$27,500

Commission

$40,000

The average salary for a Senior Managing Director is $148,200 per year. The skills that increase pay for this job the most are Team Leadership, Sales Management, Business Strategy, and Strategic Sales. Most people in this job have more than five years' experience in related jobs.

$65,646 - $256,997
$66K
$150K
$260K
MEDIAN: $148,222
10%
50%
90%

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$0$320K
Salary $65,646 - $256,997
Bonus $9,594 - $99,733
Profit Sharing $3,064 - $97,871
Commission $6,300 - $120,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$68,381 - $320,831
  • Country: United States
  • Currency: USD
  • Updated: 16 Jul 2018
  • Individuals Reporting: 452

Job Description for Senior Managing Director

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 understanding of all resources and solutions available to meet clients' needs.

Read More...

Senior Managing Director Tasks

  • 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.

Common Career Paths for Senior Managing Director


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Senior Managing Director Job Listings

Pay by Experience Level for Senior Managing Director

Pay by Experience for a Senior Managing Director has a positive trend. An entry-level Senior Managing Director with less than 5 years of experience can expect to earn an average total compensation of $109,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Managing Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $100,000 based on 49 salaries. An experienced Senior Managing Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $159,000 based on 115 salaries. A Senior Managing Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $215,000 based on 116 salaries.

Pay Difference by Location

National Average: $166,875

Larger city markers indicate a job is popular in that location.

Senior Managing Director Reviews

Q: What is it like working as a Senior Managing Director?

Senior Managing Director in Tampa:
"John Payne Compensation."
Pros: Flexible hours, travel.
Cons:

Related Job Salaries

Key Stats for Senior Managing Director

Gender

Female
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.
1-4 years
5%
5-9 years
13%
10-19 years
35%
20 years or more
47%

Experience Affects Senior Managing Director Salaries

▲29%

National Average
$167,000

▼5%

Entry-Level
▼35%

▼40%

Skills That Affect Senior Managing Director Salaries

Team Leadership
▲48%

Sales Management
▲44%

Business Strategy
▲32%

Strategic Sales
▲23%

National Average
$167,000

Business Development
▼3%


People Management
▼20%

Human Resources
▼32%


Strategic Planning
▼39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

1-4 years
5%
5-9 years
13%
10-19 years
35%
20 years or more
47%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 70%
vision benefits
Vision: 59%
no benefits
None: 12%