Wealth Management Managing Directors

Managing Director Talks to Wealth Management Firm Staff

Wealth management managing directors are top-level executives who play a key role in formulating investment and business strategy for their firms, managing and developing staff, overseeing budgets, and maximizing profits, and managing expenses. Many also oversee the investment portfolios of the firm’s top clients, as well as work with vice presidents, associates, and investor relations specialists to attract new clients. Managing directors are also known as managing partners.

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Quick Facts
Alternate Title(s) Managing Partners
Duties Formulate investment and business strategy for their firms, manage and develop staff, oversee budgets, manage the investment portfolios of clients, work to attract new clients
Salary Range $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are best in areas where a large number of high-net-worth individuals reside
Minimum Education Level
  • Bachelor's Degree
  • Master's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience At least 10 years of management and investment experience and a proven record bringing in new business
Personality Traits
  • Enterprising
  • Hands On
  • Organized
  • Business Management
  • Financial
  • Leadership
Certification or Licensing Required
Special Requirements None
Employment Prospects Fair
Advancement Prospects Poor
Outlook About as Fast as the Average
Career Ladder
  • CEO or Chief Operating Officer
  • Managing Director
  • Chief Investment Officer or Vice President
  • Associate
  • Analyst

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