Managing directors oversee the daily organization and operations of a company’s particular business sector. In some European countries, the term managing director is synonymous with CEO because the managing director acts as the head or chief of a business unit. Aside from daily office routines, a managing director may also be a board member and participate in executive decisions.
Skill Sets: This job often includes hiring, firing, making orders, creating policies, and sending memos. Managing directors must be highly organized, intelligent, and resourceful. Managing directors must have a mastery of management skills including communication, creativity, and leadership.
Education: Managing directors often have an advanced degree in general business administration, like a Master of Business Administration (MBA), or a highly specialized degree for business management and organization. Useful courses include accounting, finance, management, and business communications.
Career Path: This career offers great incentives but proves highly competitive. In order to be a strong candidate for a managing director position, applicants should have a Bachelor Degree and Master Degree in business with academic excellence and strong extracurricular activities. Managerial experience is necessary, so internships and work-studies are ideal.
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