Accenture is a multinational company that is Irish-based and founded in 1989. It is a company that provides Consulting, Operations, and Technology, Interactive, and Strategy based services. Here is the topic- Accenture Managing Director Salary.
Its headquarters is in Dublin, Ireland. The Chief Executive Officer of the company is Julie Sweet and is holding the position since 2019.
It was previously known as Anderson Consulting, which later changed its name to Accenture – which means “Accent on the future” in January 2001.
About
- As mentioned, Accenture. is a company that provides its services based on strategies: Technological strategies, Operational strategies, Consulting, and Interactive Strategies services.
- Based on consulting services, Accenture has been involved in the management of technology and business processes consulting.
- In the case of Operational Services, Accenture has oriented towards cloud services. Information technology services and business development services.
- Accenture has been an Interactive services provider in terms of digital, marketing, mobility, and analytics.
- The company’s vision is to provide its clients with the best technology solutions, marketing strategies, and efficient results.
- Accenture has also been a part of the research and development team in technical services, software and includes its technology laboratories to enhance its work in implementation and delivery.
- Accenture is a very well-known consulting firm that is emerging through its professional services.
So, by now, we have covered a short introduction about the company.
It is such a great organization with its branches in 318 locations and technologicalranged51 countries across the globe. To manage all of these branches and work locations, the company for sure would need a large force of professionals handling various types of jobs along with their responsibilities.
Let me give you an example of the stages an employee goes through in a particular sector.
Talking of the consulting process here, the ladders of positions or designations along with their salaries provide below:
- Executive Leadership – Global Leadership (MD) – ( $774,299 )
- Senior Leadership (MD) – ( $585,921)
- Leadership (MD) – ( $13.83 per hour )
- Associate Director or Principal Director – ( $1,15,918 )
- Senior Manager or Senior Principal – ( $1,35,599 )
- Manager or Principal – ( $122,542 )
- Associate Manager or Associate Principal – ( $111,277)
- Consultant, Team Lead, or Specialist – ( $69,804)
- Senior Analyst – ( $40,234 – $140,159)
- Analyst – ($19,853 – $138,408 )
Hence, Accenture provides a vast opportunity to all its employees and pays reasonably well.
The hierarchy of the technical team is primarily similar to the consulting group as well. Below is the detail provided for various levels one can cross to come up with the position of Managing Director.
SALARY OF A MANAGING DIRECTOR (MD) IN ACCENTURE
- According to the salary reports present in Glassdoor, we have an estimate on a few of the individual salaries provided below:
- All managing directors come under the Chief Executive Officer. The basic pay of managing directors depends on their work profile.
- Although, the basic average salaries of a typical Managing Director (MD) have been ranging between $132,738 – $693,547 per year.
- The salary estimate base on 230 plus managing directors working at Accenture whose individual wage has calculated, and then an average amount comes around $350,000.
According to glassdoor, the basic pay of a Managing Director is calculated based on the following payments:
- Additional Average Pay of $53,329
- Cash bonus whose average is around $52,388
- Stock bonus pay whose average is estimated to be $60,000
- Profit-Sharing pay $21,741
- And commission Sharing pay of $32,330
- On the website of Payscale, a detailed analysis of the salaries of the Managing directors (Consulting) in Accenture give. The details of which provided below:
- The average salary of the managing director came out to be $267,563.
- The average base salary of the managing director came out to be lying in between $209,000 to $394,000.
- The bonus calculates to be between $21,000 to $145,000.
- The profit-sharing came out to be lying between $0 – $20,000.
- And estimated the total pay to be between $230k – $490k.
- The report of this website shows that the average salary a Managing Director typically makes is lying in the range of $160,097 and $194,718.
- The salary depends widely on the work profile, their responsibilities, and the challenges they face.
- Their qualifications, experience in several years, quality of work, and professionalism in their job matter to the company.
- Therefore, information on the average salary could differ a bit at different platforms and work locations.
- There are various levels of work involved and further promotions that depend on their skills. Therefore, once a person becomes a Managing Director, it is not the peak of their career, as they will have to work in an equal ratio of their salaries.
With a position comes a handsome salary, lavish lifestyle, responsibilities, sleepless nights, complex works, time management, and work ethics.
Linkedin has similar data in its survey regarding the average salary of the Managing Director in The United States – $225,000 to $386,000.
So how many Managing Directors are there working in different fields in Accenture?
- According to Accenture’s report in 2018, 721 Managing directors are working in their respective fields in the company.
- Along with 721 managing directors, 41 Senior Managing Directors are working in comes with a positionworkAbased venture. That makes a total of 762 New Promotions in the company.
- Around 229 women promote, which is 32% of total promotions. Also, along with them, the men were promoted to the position of Managing Directors.
- Accenture promoted its employees from all geographical regions.
The information provided on the website of Accenture present below:
Job as a Managing Director (MD)
- DUTIES AND RESPONSIBILITIES
Ever wondered what it is like to be a Managing Director of a Company. Of course, it’s prestigious and exciting to hold such a position. But, with many and an excellent salary and lavish lifestyle, they also have different roles and responsibilities in the company.
Let us have a look at the duties that a managing director is involved in:
- They are highly responsible for the performance of the company or a field they are leading in.
- Their duties involve strategy and planning of operations.
- They were maintaining communication between their clients and shareholding companies.
- Managing Directors play a vital role in their company as they have to coordinate and lead a management team.
- Managing Directors have control over the finances of the company.
- From their day-to-day roles, they have to report regarding the performance of specific teams and update the board of directors.
- They are responsible and manage all the problems they face and come out with solutions to maintain the dignity of their position and the Company.
- QUALIFICATIONS OF A MANAGING DIRECTOR (MD)
- The qualifications of a Managing Director depend on their educational background more often. Many Managing Director of the companies is from the finance, business, and accounting sectors.
- Whereas, if a company is a multinational technology company, sometimes, they have Managing Directors belonging from Science background. However, they have to pursue education based on business and operational backgrounds where they can have a knowledge of the company and the roles involved in their position.
- Whatever be the qualifications and educational background, what matters the most is the amount of experience in the number of years, the progress they have made in contributing to the growth of the company, and the amount of efficiency they provide to the organization through their work.
- Therefore, whatever you pursue make sure you are capable of working in extreme conditions, pressure, and locations. You are going to lead a team of more than 100 members sometimes, hence, the responsibility and your efforts in this position are high.
- ESSENTIAL SKILLS
- Organizational values
- Hardworking a dedicated
- Attention to details
- Good communication skills
- Leadership qualities
- Critical thinking
- Decision making
- Ability to adapt to change
- Is willing to work in extreme conditions
- Understands the importance of the position
- Ambitious and Determined
- Highly motivated and courageous
- Responsible for their actions
So, we have discussed all the Managing Director positions. Hence Moreover, you will work, company’s growth know environments, For example, many and the variation of the average salary from different sources as well.
If you are someone who loves to work in a corporate world with its exciting job roles and responsibilities, you have come to the right place. Get your degree and get started with enhancing your skills.
Good luck with the process that takes you to the position of Managing Director.
