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.
|Salary||$65,801 - $256,822|
|Bonus||$9,566 - $99,867|
|Profit Sharing||$4,000 - $104,762|
|Commission||$970 - $119,599|
|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).)
|$68,542 - $325,809|
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...
Ten to fifteen years of broking and/or commercial underwriting experience with a focus on property insurance are generally required for this position, and interpersonal skills are highly beneficial for working well with clients and maintaining strong relationships. Communication and multitasking skills are also important. Senior managing directors must have a positive demeanor and attitude, and some travel may be necessary in this position depending on the employer. Benefits are often offered, as are ongoing education and training. (Copyright 2018 PayScale.com)
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.
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.
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