How to Become a Managing Director(16 courses)
What do I need to study to become a Managing Director?
Displaying 16 of 16 courses
Definition of Managing Director
The Managing Director or MD is the most senior position in any organisation. Holding ultimate accountability for the companyâ€™s performance, the Managing Director reports to the Chairman and shareholders whilst also typically sitting on the Board of Directors.
Primarily responsible for guiding and maintaining company policy and vision, the Managing Director is focused on ensuring that the organisationâ€™s efforts are geared towards growth, profits and increasing shareholder return. They implement strategies approved by the board and ensure that the companyâ€™s structure and practices are aligned with the goals and mission statement of the organisation.
Other duties performed by a Managing Director include monitoring and comparing financial and operational results against budgets and targets as well as representing the company at corporate and public events, such as conferences and press briefings. They also serve as the point of communication between management executives, the board of directors and the companyâ€™s shareholders.
Career Outlook for Managing Director
The average age of people working as is with of them being male. of are employed full-time and they typically work around hours per week.
Unemployment is and, with A Bachelor Degree or higher, the average Community Worker can earn around . In 2015 there were working and the future growth of the profession is predicted to be , with numbers around in 2020.