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Management Development Program information

See Virginia salary details

$31.7K

$119K

$198.3K

How much do management development program jobs pay per year?

As of Jun 30, 2026, the average yearly pay for management development program in Virginia is $119,029.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,300.00 and $141,800.00 per year, depending on experience, location, and employer.

What key skills and qualifications are needed to thrive in a Management Development Program, and why are they important?

To thrive in a Management Development Program, you need a bachelor's degree (often in business or a related field), strong analytical abilities, and foundational leadership skills. Familiarity with project management tools, Microsoft Office Suite, and sometimes ERP or CRM systems is typically expected. Exceptional communication, adaptability, and teamwork distinguish top candidates in these fast-paced, learning-focused roles. These competencies enable participants to quickly learn, lead projects, and contribute effectively to organizational goals.

What is the difference between Management Development Program vs Management Trainee?

AspectManagement Development ProgramManagement Trainee
PurposeTo develop future managers through structured training and rotational assignmentsTo train and evaluate potential future managers through on-the-job learning
DurationTypically 6 months to 2 yearsUsually 1 year or less
Work EnvironmentRotational across departments, focused on skill developmentHands-on experience in specific department roles
CredentialsOften requires a bachelor's or master's degree, sometimes certificationsSimilar educational requirements, may include internships or certifications

Both Management Development Programs and Management Trainees aim to prepare individuals for managerial roles, but the Development Program offers a broader, rotational experience over a longer period, focusing on comprehensive skill-building. Management Trainees typically undergo shorter, department-specific training to evaluate their potential for future leadership roles.

What is a Management Development Program?

A Management Development Program (MDP) is a structured training initiative designed to prepare employees for management roles within an organization. These programs typically combine classroom learning, on-the-job training, mentoring, and rotational assignments to help participants develop leadership, strategic thinking, and people management skills. MDPs are often used by companies to identify and fast-track high-potential employees for future leadership positions. The duration and structure of the program can vary depending on the organization, but the goal is to create a pipeline of qualified managers who understand the company’s culture and operations.

What are the typical career paths after completing a Management Development Program?

Graduates of Management Development Programs often transition into entry-level management or supervisory roles within their organization, such as Assistant Manager, Team Lead, or Department Supervisor. These programs are designed to provide a strong foundation in leadership, operations, and business strategy, preparing participants for rapid advancement. Many companies offer mentorship and rotational assignments, exposing participants to multiple business areas and building a network across departments, which can lead to accelerated career growth and specialized management opportunities.
What are the most commonly searched types of Management Development Program jobs in Virginia? The most popular types of Management Development Program jobs in Virginia are:
What are popular job titles related to Management Development Program jobs in Virginia? For Management Development Program jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Management Development Program jobs in Virginia look for? The top searched job categories for Management Development Program jobs in Virginia are:
What are popular job titles related to Management Development Program jobs in VA? For Management Development Program jobs in VA, the most frequently searched job titles are:
Management Development Program jobs near you
Actuarial Development Program Analyst

Actuarial Development Program Analyst

Genworth Financial, Inc.

Richmond, VA • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 7 days ago

Job description

At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day.
We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism.
Our four values guide our strategy, our decisions, and our interactions:
  • Make it human. We care about the people that make up our customers, colleagues, and communities.
  • Make it about others. We do what's best for our customers and collaborate to drive progress.
  • Make it happen. We work with intention toward a common purpose and forge ways forward together.
  • Make it better. We create fulfilling purpose-driven careers by learning from the world and each other.

POSITION TITLE
Actuarial Development Program Analyst - 2026
POSITION LOCATION
This position is hybrid and located in Richmond, VA. Candidates may be eligible for relocation assistance if they are not located in the area.
YOUR ROLE
Genworth's innovative Actuarial Development Program aids in the navigation from aspiring to accomplished actuary through obtaining the esteemed FSA designation. Beginning Summer 2026, this multiple year program consists of 18-30 month rotational assignments that allow you to build foundational skills and competencies, business acumen, and leadership. Rotations will be within our various product lines and functions, providing you with diverse experiences and exposure throughout the organization.
Genworth fully supports our Actuarial Development Program members as they progress in their actuarial education. You will have study time available during work hours - up to 200 hours in any six-month period. Genworth will cover fees associated with exams, including registrations, study materials, and seminars. You will also receive salary increases for each exam passed with an extra bonus for passing on your first attempt.
What you will be doing
As a member of the Genworth's Actuarial Development Program, you can expect to:
  • Work in a fast-paced, innovative, and change-oriented work environment
  • Build a strong network of peers and mentors
  • Attend on-site technical and professional development classes
  • Participate in sponsored community service events
  • Utilize advanced Excel techniques and programming
  • Work with large data sets
  • Gain exposure to actuarial software, including GGY AXIS, MG-ALFA, and PolySystems

What you bring
  • Must be graduating by the Spring of 2026 with a Bachelor's or Master's degree in Actuarial Science, Statistics or Mathematics related field of study
  • At least one passed Society of Actuaries (SOA) Exam
  • Minimum final grade point average of 3.2 on a 4.0 scale
  • Career aspirations to attain a Fellowship designation.
  • Demonstrated math and analytical skills
  • Previous internship experience, preferably within the insurance industry
  • Participation in some team or individual case study projects during undergraduate program
  • Demonstrated proficiency in oral and written communications

Employee Benefits & Well-Being
Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives.
  • Competitive Compensation & Total Rewards Incentives
  • Comprehensive Healthcare Coverage
  • Multiple 401(k) Savings Plan Options
  • Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!)
  • Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave
  • Disability, Life, and Long Term Care Insurance
  • Tuition Reimbursement, Student Loan Repayment and Training & Certification Support
  • Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management)
  • Caregiver and Mental Health Support Services

ADDITIONAL
  • At this time, Genworth will not sponsor a new applicant for employment authorization for this position.

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