However, as per Companies act, 2013 all these designation comes with specific duties as well. In other words, a vice president might be a director's boss. Managing Director - A managing director is employed by the business, often by the chairman. While some of the duties and responsibilities of the managing director vs. director are similar or overlap slightly, there are some key differences. MANAGING DIRECTOR/PARTNER: Managing directors and partners are the most senior members of the firm and are the ultimate decision makers. Other roles include running the business and producing salaries. Managing the stakeholders to improve organization performance. One gets to hear nomenclatures for various management posts that are often very confusing for common people who cannot make out the difference between a chairman and a president, leave alone COO, CEO and many more such posts. First, and perhaps most importantly, managing directors outrank executive directors. A vice president and a director are both part of a company's senior management team. Unlike vice president titles, the managing director outranks the executive director when these titles are used in the traditional chain of command. Key Differences Between CEO vs President. The managing director manages the board of directors and oversees the performance of the business, thus reporting back to the chairman. When you work for a large corporation or hold a public-sector position, then you may encounter several different directorship titles within the workplace. The typical structural hierarchy of an investment bank includes investment analysts, associates, vice president, senior vice president, and managing director. Basically CEO, Director and Chairman are designation used in Company. Depending on the size of the company, and the industry in which it operates, you could find that the same job title has different meanings, different responsibilities, and a very different salary. I have already answer this question HERE on quora. These roles can vary significantly, depending on the size and hierarchical structure of a company, but vice presidents generally operate at a level above directors. He is neither an employee of the company nor associated with the company in any other way. let us discuss some of the major Difference Between CEO vs President. Consider a case where CEO stands compared to the president of country and Coo will be Wise President working under CEO. With passage of time, organizational structures have become bigger and more complex than ever. Chairman vs President . Managing Director is responsible for the day-to-day business of a company. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. Job Title Educational Requirements Median Salary* (2020) Job Growth** (2018-2028) Managers : Bachelor's Degree : $64,941 (general operations manager) Two of the most common directors are the managing director and the executive director. Managing Director vs. Director: Key Differentiators. ... A non-executive director is also referred as an Outside director, a member of the board of directors in the company but not a part of the company’s executive management team. CEO or the Chief Executive Officer of the company is the topmost or the first person in the firm hierarchy, who is overall responsible for the mission, strategy vision, and financial soundness of …