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Managing Director Average Salary in Canada 2024

How much money does a person working as Managing Director make in Canada?


Average Yearly Salary
221,000 CAD
( 18,400 CAD monthly)

LOW
106,000
CAD
AVERAGE
221,000
CAD
HIGH
347,000
CAD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Managing Director in Canada typically earns around 221,000 CAD. Salaries range from 106,000 CAD (lowest) to 347,000 CAD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Managing Director salaries in Canada vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Managing Director Pay Scale and Salaries in Canada

Median and salary distribution Canada Managing Director yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
207,000 CAD or more
10% of people earn
182,000 to 207,000 CAD
20% of people earn
128,000 CAD or less
65% of people earn
128,000 to 182,000 CAD
Minimum Salary
106,000 CAD
Median
208,000 CAD
Maximum
347,000 CAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Managing Director in Canada range from 106,000 CAD (starting salary) to 347,000 CAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 208,000 CAD, half of the professionals who work as Managing Director in Canada earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Managing Director in Canada earn less than 169,000 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 238,000 CAD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Managing Director in Canada compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 128,000 CAD to 182,000 CAD. About 20% of salaries are below the 128,000 CAD mark, while 10% fall within the range of 182,000 CAD to 207,000 CAD. Only 5% of individuals have salaries exceeding 207,000 CAD.

Salary Comparison by Years of Experience / Managing Director / Canada

How do experience and age affect pay?

0 - 2 Years
124,000 CAD
2 - 5 Years+42%
176,000 CAD
5 - 10 Years+31%
232,000 CAD
10 - 15 Years+23%
285,000 CAD
15 - 20 Years+6%
303,000 CAD
20+ Years+10%
332,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Canada Managing Director
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Managing Director and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 124,000 CAD.

While someone with an experience level between two and five years is expected to earn 176,000 CAD, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 232,000 CAD, 31% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 285,000 CAD, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 303,000 CAD, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 332,000 CAD, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Managing Director / Canada

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Managing Director.

High School
154,000 CAD
Certificate or Diploma+16%
178,000 CAD
Bachelor's Degree+46%
260,000 CAD
Master's Degree+23%
321,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Canada Managing Director
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Managing Director in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 154,000 CAD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 178,000 CAD, 16% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 260,000 CAD, 46% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 321,000 CAD, 23% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Canada costs anywhere from 50,000 CAD to 150,000 CAD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Managing Director / Canada

Salary comparison by gender Canada Managing Director yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Managing Director in Canada, the average difference between the salary of male and female employees is 4%.

Male
226,000 CAD
Female-4%
217,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
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Average Annual Salary Increment Percentage / Managing Director / Canada

How much are annual salary increments in Canada for individuals working as Managing Director? How often do employees get salary raises?

Individuals working as Managing Director in Canada are likely to observe a salary increase of approximately 14% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Managing Director
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Canada / All Professions

Annual Salary Increment Rate Canada
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Canada is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Managing Director / Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Managing Director
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14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
86%
No Bonus
14%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Managing Director / Canada


110 CAD per hour

The average hourly wage (pay per hour) for individuals working as Managing Director in Canada is 110 CAD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Managing Director in Canada is 51 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Executive and Management-100%
Account Coordinator116,000 CAD-48%
Account Director139,000 CAD-37%
Account Executive137,000 CAD-38%
Account Manager136,000 CAD-39%
Administration Manager138,000 CAD-38%
Administration Officer69,300 CAD-69%
Administration Supervisor113,000 CAD-49%
Administrative Clerk51,600 CAD-77%
Administrative Officer56,100 CAD-75%
Area Director126,000 CAD-43%
Area Manager129,000 CAD-42%
Asset Protection Associate144,000 CAD-35%
Assistant Director144,000 CAD-35%
Assistant General Manager147,000 CAD-34%
Assistant Manager146,000 CAD-34%
Assistant Managing Director164,000 CAD-26%
Assistant Operations Manager154,000 CAD-30%
Assistant Project Manager147,000 CAD-34%
Assistant Section Head120,000 CAD-46%
Assistant to CEO133,000 CAD-40%
Assistant Vice President149,000 CAD-33%
Associate Account Director135,000 CAD-39%
Associate Director136,000 CAD-39%
Bid Manager167,000 CAD-24%
Branch Manager147,000 CAD-34%
Business Development Manager174,000 CAD-21%
Business Operations Associate147,000 CAD-34%
Business Operations Lead142,000 CAD-36%
Campaign Manager160,000 CAD-28%
Catering Coordinator83,800 CAD-62%
Catering Manager145,000 CAD-34%
CEO259,000 CAD+17%
Chairman of The Board253,000 CAD+14%
Chairman Office Manager173,000 CAD-22%
Chief Commercial Officer189,000 CAD-15%
Chief Corporate Officer227,000 CAD+3%
Chief Digital Officer185,000 CAD-16%
Chief Digital Strategy Officer196,000 CAD-11%
Chief Digital Transformation Officer172,000 CAD-22%
Chief Ethics Officer169,000 CAD-24%
Chief Executive Officer268,000 CAD+21%
Chief Financial Officer243,000 CAD+10%
Chief Investment Officer199,000 CAD-10%
Chief of Staff122,000 CAD-45%
Chief Operating Officer209,000 CAD-6%
Chief Privacy Officer164,000 CAD-26%
Chief Resilience Officer198,000 CAD-10%
Chief Risk Officer180,000 CAD-19%
Chief Strategy Officer225,000 CAD+2%
Chief Trust and Safety Officer168,000 CAD-24%
Client Account Manager168,000 CAD-24%
Client Accounts Officer133,000 CAD-40%
Client Services Manager168,000 CAD-24%
Commercial Director185,000 CAD-16%
Commercial Manager158,000 CAD-29%
Commercial Project Manager147,000 CAD-34%
Commodity Broker115,000 CAD-48%
COO202,000 CAD-9%
Corporate Affairs Executive162,000 CAD-27%
Corporate Compliance Director170,000 CAD-23%
Corporate Director186,000 CAD-16%
Corporate Officer127,000 CAD-43%
Corporate Partnerships Officer124,000 CAD-44%
Country Manager202,000 CAD-9%
Department Head158,000 CAD-29%
Department Manager164,000 CAD-26%
Department Supervisor147,000 CAD-34%
Deputy Director199,000 CAD-10%
Deputy Manager192,000 CAD-13%
Director210,000 CAD-5%
Director of Accreditation175,000 CAD-21%
Director of Catering Services164,000 CAD-26%
Director of Client Services170,000 CAD-23%
Director of Facilities Management141,000 CAD-36%
Director of Operations175,000 CAD-21%
Director of Process Simplification139,000 CAD-37%
Director of Product Management175,000 CAD-21%
Director of Project Management183,000 CAD-17%
Director of Revenue Management165,000 CAD-25%
Director of Training and Development178,000 CAD-20%
Distribution Manager179,000 CAD-19%
Division Manager155,000 CAD-30%
Duty Manager157,000 CAD-29%
Engagement Manager191,000 CAD-14%
Executive Director268,000 CAD+21%
Executive Manager214,000 CAD-3%
Franchise Manager217,000 CAD-2%
General Manager220,000 CAD-1%
Generational Consultant138,000 CAD-38%
Global Master Data Manager194,000 CAD-12%
Global Technical Lead130,000 CAD-41%
Head of Investment177,000 CAD-20%
Head of Middle Office175,000 CAD-21%
Head of Projects176,000 CAD-20%
Head of Strategy193,000 CAD-13%
Head of Supply Chain164,000 CAD-26%
Head of Sustainability156,000 CAD-29%
Housing Manager149,000 CAD-33%
HSE Manager152,000 CAD-31%
Innovation Manager147,000 CAD-34%
Key Account Manager148,000 CAD-33%
Knowledge Manager179,000 CAD-19%
Location Manager173,000 CAD-22%
Logistics Executive137,000 CAD-38%
Logistics Manager136,000 CAD-39%
Management Consultant141,000 CAD-36%
Management Executive191,000 CAD-14%
Manager179,000 CAD-19%
Managing Director221,000 CAD-0%
MIS Executive172,000 CAD-22%
Ocean Services Manager192,000 CAD-13%
Online Business Manager243,000 CAD+10%
Operational Manager195,000 CAD-12%
Operations Analyst158,000 CAD-29%
Operations Assistant128,000 CAD-42%
Operations Director192,000 CAD-13%
Operations Executive199,000 CAD-10%
Operations Manager207,000 CAD-6%
Operations Supervisor166,000 CAD-25%
Planning Director183,000 CAD-17%
PMO Manager169,000 CAD-24%
Policy Administration Executive150,000 CAD-32%
Private Sector Executive155,000 CAD-30%
Product Development Manager184,000 CAD-17%
Product Executive165,000 CAD-25%
Production Executive182,000 CAD-18%
Production Manager184,000 CAD-17%
Production Supervisor157,000 CAD-29%
Program Director182,000 CAD-18%
Program Manager186,000 CAD-16%
Programme Coordinator129,000 CAD-42%
Project Control Manager180,000 CAD-19%
Project Coordinator107,000 CAD-52%
Project Management Officer123,000 CAD-44%
Project Manager140,000 CAD-37%
Project Portfolio Manager145,000 CAD-34%
Quality Manager142,000 CAD-36%
R/D Director161,000 CAD-27%
Regional Director251,000 CAD+13%
Regional Manager191,000 CAD-14%
Relationship Manager170,000 CAD-23%
Retail District Manager132,000 CAD-40%
Revenue Manager136,000 CAD-39%
Risk and Capital Manager213,000 CAD-4%
Risk Officer134,000 CAD-39%
Safety Manager137,000 CAD-38%
Section Head140,000 CAD-37%
Service Manager138,000 CAD-38%
Shift Supervisor114,000 CAD-48%
Solutions Manager133,000 CAD-40%
Supervisor110,000 CAD-50%
Supply Chain Manager182,000 CAD-18%
Surveyor132,000 CAD-40%
Technical Director180,000 CAD-19%
Technical Manager179,000 CAD-19%
Territory Manager179,000 CAD-19%
Validation Manager156,000 CAD-29%
Vice President224,000 CAD+1%
Zone Manager181,000 CAD-18%

Salary Comparison By City

CityAverage Salary
Montreal226,000 CAD
Toronto234,000 CAD

Salary Comparison By State

StateAverage Salary
Alberta241,000 CAD
British Columbia240,000 CAD
Manitoba221,000 CAD
New Brunswick196,000 CAD
Newfoundland-Labrador196,000 CAD
Northwest Territories223,000 CAD
Nova Scotia214,000 CAD
Nunavut219,000 CAD
Ontario241,000 CAD
Prince Edward Island190,000 CAD
Quebec248,000 CAD
Saskatchewan222,000 CAD
Yukon189,000 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Canada is 4% on average across all career fields.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Managing Director in Canada?

A good and competitive compensation would range anywhere between 208,000 CAD and 238,000 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Managing Director in Canada ranges from 106,000 CAD to 169,000 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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