Avg. Base Salary (USD)
The average salary for a Senior Managing Director is $147,616
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 $92,101 based on 18 salaries. A mid-career Senior Managing Director with 5-9 years of experience earns an average total compensation of $103,797 based on 42 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.