Manager To VP- Best Practices
To understand the psychographics (content consumption, desires, career ambitions, career pain points) and demographics of U.S. professionals who are at the director level and are looking to take the next step in their career to VP for the purposes of developing a go-to-market strategy.
Preliminary research indicates that there is some information available on director-level demographics, but psychographics are more challenging. This is due to the fact that most information is geared toward directors on a board rather than directors of a department or division in a company.
- The average annual salary for employees with the title "director" in the United State is $127,023.
- In 2018, 24% of directors at "widely-held large-cap companies" in the United States were women.
- Managing directors typically require a bachelor's or master's degree in business administration or a field related to the industry.
- Healthcare costs and availability are the top concern of corporate directors in terms of social issues, followed by resource scarcity.
- Female directors are more likely to say that social issues should "play a part in company strategy formation."
- This is also true for diversity as 82% of female directors "believe that diversity enhances company performance" compared to just 54% of male directors.
- One of the biggest hurdles directors have when moving from director to VP is the responsibility for more than one team.
- Another pain point is learning to prioritize the most important tasks instead of getting buried under low-impact activities.
- VPs have to be strong cultural leaders while directors typically take their cultural cues from their department head.
Proposed next steps:
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As the initial research shows that demographics are generally available, we recommend continued research into the average age, income, education level, marriage status, and family status of director-level employees. Note that some statistics may need to be triangulated from multiple data points.
Additionally, psychographics appear to be more scarce, but there will likely be some information on what types of content director-level employees consume as well as insights into their career ambitions and career pain points. We recommend continued research to provide 5-6 insights into the psychographics of director-level employees to include data around content consumption, career ambitions, and career pain points.