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Managing Director Jobs in Riverside, CA (NOW HIRING)

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Managing Director information

See Riverside, CA salary details

$24.5K

$126.8K

$197.7K

How much do managing director jobs pay per year?

As of Jul 2, 2026, the average yearly pay for managing director in Riverside, CA is $126,780.00, according to ZipRecruiter salary data. Most workers in this role earn between $99,100.00 and $153,900.00 per year, depending on experience, location, and employer.

What Is a Managing Director?

A managing director is the most senior position at a business. You have the final say on all company actions and are ultimately responsible for all decisions made by the company. You are the liaison between a company’s upper management and the board. You make frequent reports to the chairperson and board. Unlike the CEO, you oversee the management and daily operations of the company; your duties include implementing new policies, protocols, or directives, paying close attention to how these decisions affect budgets and profitability. You are also the one who chooses and leads a board of directors.

What is the difference between Managing Director vs Chief Executive Officer?

AspectManaging DirectorChief Executive Officer
CredentialsTypically requires extensive industry experience, often with a background in business management or related fieldsUsually holds similar credentials, often with advanced degrees like an MBA or equivalent experience
Work EnvironmentOperates within the company's executive team, often focusing on daily operations and strategic implementationOversees the entire organization, setting strategic vision and representing the company externally
Employer & Industry UsageCommonly used in European and Asian companies; in some industries, the Managing Director is equivalent to a CEOWidely used globally, especially in North America, as the top executive role

The main difference lies in their scope and regional usage. A Managing Director often focuses on operational management within the company, especially in European contexts, while a CEO is generally the highest-ranking executive responsible for overall strategic direction worldwide.

What are Managing Directors?

Managing Directors are senior executives responsible for overseeing the overall operations and performance of an organization or a major division within a company. They develop strategic plans, set business goals, and ensure that all departments work effectively to achieve these objectives. Managing Directors often report directly to the board of directors and represent the company in high-level meetings and negotiations. Their leadership is crucial for driving growth, profitability, and long-term success.

What are the key skills and qualifications needed to thrive as a Managing Director, and why are they important?

To thrive as a Managing Director, you need exceptional leadership, strategic planning, and financial management skills, often supported by an advanced degree in business or a related field. Familiarity with enterprise resource planning (ERP) systems, financial analysis tools, and industry-specific software is typically required. Outstanding communication, decision-making, and stakeholder management skills help distinguish top performers in this role. These competencies are crucial for setting organizational direction, driving growth, and ensuring operational excellence.

What jobs make $3,000 a day?

Managing Directors in large corporations or investment banking can earn $3,000 or more per day through high salaries, bonuses, and profit sharing. Other high-paying roles include specialized surgeons, top-tier lawyers, and successful entrepreneurs, often requiring advanced skills, extensive experience, and significant responsibility.

What jobs pay $500,000 a year in the US?

Managing Directors, especially in finance, investment banking, or private equity, can earn $500,000 or more annually through base salary, bonuses, and profit sharing. Executive roles such as CEOs and CFOs in large corporations also often reach or exceed this compensation level, typically requiring extensive experience, leadership skills, and advanced education. High-level sales executives and specialized medical professionals in private practice may also achieve this income range with significant performance and client base.

How much should a managing director earn?

Managing directors typically earn a salary that varies based on industry, company size, and location, with median annual pay ranging from $150,000 to over $300,000. In addition to base salary, they often receive bonuses, stock options, and other incentives, reflecting their leadership responsibilities and experience levels.

What do you do as a managing director?

A managing director is responsible for overseeing the overall operations and strategic direction of a company or division. They make high-level decisions, manage senior leadership, and ensure business goals are met, often working closely with other executives and stakeholders. Strong leadership, decision-making skills, and industry knowledge are essential in this role.

What are some common challenges a Managing Director may face when leading a diverse executive team?

Managing Directors often oversee teams composed of leaders from various departments, each with their own priorities and perspectives. One common challenge is aligning these leaders towards shared organizational objectives while balancing individual department goals. Effective communication, conflict resolution, and strategic decision-making are essential for fostering collaboration and ensuring that all departments work cohesively. Additionally, Managing Directors must stay agile to adapt to market changes and lead the organization through periods of growth or transformation.
More about Managing Director jobs
What job categories do people searching Managing Director jobs in Riverside, CA look for? The top searched job categories for Managing Director jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Managing Director jobs? Cities near Riverside, CA with the most Managing Director job openings:
Managing Director jobs near you
Infographic showing various Managing Director job openings in Riverside, CA as of June 2026, with employment types broken down into 78% Full Time, 16% Part Time, 3% Temporary, and 3% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $126,780 per year, or $61 per hour.
Managing Director - Employee Benefits

Managing Director - Employee Benefits

Baldwin

Irvine, CA

$250K/yr

Full-time

Posted 3 days ago

Job description

Job Description Summary

The Managing Director for Employee Benefits leads and manages to ensure client satisfaction and firm profitability as well as being responsible for the planning, organizing, staffing, operational activities of the client experience.

PRIMARY RESPONSIBILITIES:

  • Creates, establishes and manages Business Segment strategies and plans to ensure that overall business goals, profitability, and retention goals are met in partnership with the Managing Director of Sales.
  • Effectively recruits, coaches, mentors, manages and assists in the professional development of Team Leads and colleagues.
  • Manages to the targeted financial performance metrics of the Business Segment.
  • Maintains positive relationships with appropriate insurance company partner representatives through proper contacts and effective communication. Works with other marketing colleagues on specific business plans with select markets to maximize the client experience.
  • Ensures high levels of client service and satisfaction by improving ongoing service delivery, business development and commercial marketing methods.
  • Maintains a desirable mix of business and aggressively assists service colleagues and Advisors in rounding out the book of business.
  • Keeps informed regarding insurance technical knowledge, market trends, firm automation, company information, and other operating techniques.
  • Looks for opportunities to improve the firm, business segment and processes. Brings issues and discrepancies to the attention of appropriate leadership.
  • Establishes the organization's strategic and operational performance at all levels.
  • Partners with leadership to provide ongoing strategic insight and planning around financial performance, growth, and overall success.
  • Aligns with leadership to develop a strategic plan to advance the firm's mission and objectives and to promote revenue, profitability, community support and growth as an organization.
  • Executes on agreed revenue, profitability, and growth strategies.
  • Drives business unit operations to insure efficiency, quality, service, and cost-effective management of resources.
  • Evaluates and refines sales and service strategy, in order to enhance the client experience and increase sales velocity and client retention. Builds and sustains a high-performance culture through attracting, developing, and retaining a highly motivated and effective sales, service, and support team. Inspires loyalty and commitment necessary to maintain motivated, productive, and competent colleagues. Reviews key performance indicators, activity reports and financial statements to determine progress and status in attaining objectives and revise objectives and plans in accordance with current conditions.
  • Establishes, gains approval, and ensures the development of the annual business unit operating budgets. Represents the firm at industry groups, insurer meetings, and at formal functions.
  • Builds a network of clients, prospects, centers of influence and industry contacts using personal contacts, special events, community events, and industry events.

KNOWLEDGE, SKILLS & ABILITIES:

Has a high level of technical insurance knowledge, is organized, and possesses excellent verbal and written communication skills.

Possesses the ability to cast vision, develop effective strategies and tactics, and create positive motivation for business segment colleagues.

Demonstrates the organization's core values, exuding behavior that is aligned with the firm's culture.

EDUCATION & EXPERIENCE:

Maintains all licenses as required by the State Department of Insurance to provide consultation and financial risk transfer solutions in states where the firm functions.

Possesses a minimum 10 to 15 years experience in employee benefits with at least 5 years at a Senior Leadership level

The starting pay for this position will be $250K + per year

IMPORTANT NOTICE:
This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodation to applicants and colleagues who need them for medical or religious reasons.

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The Baldwin Group will not accept unsolicited resumes from any source other than directly from a candidate who applies on our career site. Any unsolicited resumes sent to The Baldwin Group, including unsolicited resumes sent via any source from an Agency, will not be considered and are not subject to any fees for any placement resulting from the receipt of an unsolicited resume.

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