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The salary of a general manager can vary widely depending on a number of factors such as company size, industry, location, experience, area of responsibility and individual factors. General managers are senior executives who are responsible for the strategic direction and operations of a company. Here are rough benchmarks for managing director salaries in different regions:
Europe:
Smaller companies: €60,000 - €120,000 per year
Medium-sized companies: €120,000 - €250,000 per year
Larger companies or corporations: €250,000 and more per year
USA:
Smaller companies: $80,000 - $150,000 per year
Medium-sized companies: $150,000 - $300,000 per year
Larger businesses or corporations: $300,000 and up per year
These estimates are general guidelines and may vary based on industry, company performance, area of responsibility (e.g., finance, marketing, operations), management level, and individual performance.
Executive directors often have a high level of responsibility for the success of the company, implementing corporate strategy, and managing teams. Therefore, the salary also reflects the expanded responsibilities and pressures that come with the position.
Exact salaries for general managers can vary widely, and it is advisable to research current market data in your industry and region to develop competitive salary expectations. Trusted salary surveys, job portals and professional associations can help you develop realistic expectations.