MD stands for managing director. In a company, a managing director is in charge of overseeing the business as a whole.
This goes from everyday tasks and business operations to bigger stuff like unexpected issues.
Managing directors are essentially responsible for the performance of a company, and this performance has to happen in line with what the board has laid out.
Managing directors usually report directly to the board and the chairman.
Managing directors’ salaries in the UK vary depending on the size of a company. For example, an MD of a large baking institution like Barclays is looking at a salary of £200k+.
In the IT space, for example, Accenture’s MD is believed to be earning around £170k.
However, the average of MD salaries in the UK can be as low as £40k, so indeed a wide gap.
According to PayScale, London is the UK’s best paying destination for MDs.
