▼4%
$160,573
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$95k
MEDIAN
$161k
90%
$314k
The average salary for a Managing Director is $160,573 in 2025
Base Salary
$95k - $314k
Bonus
$15k - $74k
Profit Sharing
$0 - $25k
Total Pay
$101k - $334k
Is Average Managing Director Salary in Chicago, Illinois your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
EXPLORE BY:
Featured Content
‹
Remote Work
New research shows how to set pay for remote employees
Gender Pay Gap
New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
Compensation Best Practices Report
From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation.
Salary Budget Survey Report
See how organizations are shifting their salary budgets this year.
Retention Report
Get strategies you can use to retain top talent and learn how impactful employee retention really is.
Variable Pay Playbook
Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices.
›
What is the Pay by Experience Level for Managing Directors?
▲25%
What Do Managing Directors Do?
Find your market worth – how it works:
Common Health Benefits for a Managing Director
Medical
85%
Dental
77%
Vision
69%
None
15%
Gender Breakdown for Managing Directors
Male
87.5%
Female
12.5%
This data is based on 8 survey responses. Learn more about the gender pay gap.
FAQs About Managing Directors
What is the highest pay for Managing Directors in Chicago?
Our data indicates that the highest pay for a Managing Director in Chicago is $314k / year
What is the lowest pay for Managing Directors in Chicago?
Our data indicates that the lowest pay for a Managing Director in Chicago is $95k / year
How can Managing Directors increase their salary?
Increasing your pay as a Managing Director is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Managing Director that oversees more junior Managing Directors, this experience can increase the likelihood to earn more.