How To Become An Owner And Managing Director: What It Is and Career Path

What is an owner and managing director and how to become one

Updated January 8, 2025

3 min read

Quoted Expert

Robin Jarvis

There is more than meets the eye when it comes to being an owner and managing director. For example, did you know that they make an average of $36.12 an hour? That's $75,130 a year! Between 2018 and 2028, the career is expected to grow 6% and produce 189,200 job opportunities across the U.S.

What general advice would you give to an Owner And Managing Director?

Robin Jarvis

Director of Career and Internship Services, Culver-Stockton College

Be flexible. Employment trends were shifting and changing, before the pandemic hit, and we can expect more change in the days ahead. Opportunities are still out there, and we will recover from these challenges. I anticipate growth after stabilization and the creation of jobs that don't exist today. Be willing to take the skills you learned in college and apply them to a wide array of opportunities. Explore careers outside your area of study, and never stop learning. Most important - network, network, network!

ScoreOwner And Managing DirectorUS Average

Salary

5.9

Avg. Salary $75,130

Avg. Salary $59,228

Stability Level

9.6

Growth Rate 6%

Growth Rate 0.3%

Diversity

3.5

Race

American Indian and Alaska Native 0.47%

Asian 6.37%

Black or African American 6.19%

Hispanic or Latino 15.22%

Unknown 4.34%

White 67.41%

Gender

female 30.08%

male 69.92%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress Level

9.6

Stress level is very high

7.1 - high

Complexity Level

9.2

Complexity Level is advanced

7 - challenging

Work Life Balance

3.6

Work Life balance is poor

6.4 - fair

Key steps to become an owner and managing director

Explore owner and managing director education requirements

Most common owner and managing director degrees

Bachelor's

68.4 %

Master's

16.6 %

Associate

6.6 %

Start to develop specific owner and managing director skills

Skills	Percentages
Risk Management	10.87%
Financial Management	9.96%
Product Development	8.75%
Business Strategy	8.26%
Business Plan	5.65%

Complete relevant owner and managing director training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New owner and managing directors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an owner and managing director based on U.S. Bureau of Labor Statistics data and data from real owner and managing director resumes.

Research owner and managing director duties and responsibilities

Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Create a successful business base on product performance and demonstrate ROI.
Gather business & technical requirements, conduct an RFI, comprehensive cost model and ROI.
Secure quarterly state/governmental data to perform analysis on markets/market share to facilitate healthcare clients in determining appropriate strategy, and needs/requirements.

Get owner and managing director experience

Generally, it takes 4-6 years to become an owner and managing director. The most common roles before becoming an owner and managing director include managing director, vice president team lead and manager.

Prepare your owner and managing director resume

When your background is strong enough, you can start writing your owner and managing director resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an owner and managing director resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

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