This may be a dumb question but please excuse my ignorance. What is the difference between an Executive Director and Managing Director?
Difference between Executive Director and Managing Director
In the United States an Executive Director is most commonly equivalent to a Senior Vice President. Therefore it is the step before reaching Managing Director.
In Europe an Executive Director is the equivalent of a Senior Managing Director.
This point is well explained by user @fedor, a private equity associate:
ED is the same thing as a Senior MD, which puts him right below Group Heads. I'd say he can get you an interview or even a super day if he wants to but I don't think he could get you an offer. Maybe at a smaller firm, it would be possible, but not a large bank.
However, each bank has its own structure so you need to research each individual rank to determine where their position falls on the hierarchy.
Read More About Managing Directors On WSO
- What Your Managing Director Says And What He Actually Means?
- Knowing A Managing Director
- AMA: Managing Director In The M&A And PE Business W/ 20+ Years Experience
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