How long does it take to become a managing director? (2024)

It takes a minimum of ten years to become a managing director but typically takes between 15 and 20 years. This time may vary based on which "Managing Director" role you choose.

The managing director can refer to an executive-level management role. It takes at least a decade to manage teams and business strategies with a proven track record. Or this role can refer to investment banking and managing investment accounts.

When moving up to the executive level of a company, where a managing director may be the same as a Chief Executive Officer, you will require a longer road to reach the level of final decision-maker. A managing director in investment banking may earn as much or more than the other varieties in which you would manage and grow essential banking accounts.

Becoming an MD in investment banking may only take five to ten years.