A recent Kienbaum study analyses the salaries of 1,294 managing directors across 704 German companies. The key findings in brief: average total compensation of EUR 389,000, representing an increase of 3.4% compared to the previous year 2013. The highest earners are chairpersons of management boards at EUR 549,000. Source: Kienbaum
Frequently asked questions
Frequently asked questions
What is the average total salary of German managing directors?
According to a Kienbaum study, the average total salary of German managing directors is approximately EUR 389,000 per year. This represents an increase of around 3.4 percent compared to the previous year 2013.
Which managing director position is the highest paid in Germany?
The highest earners are Chairs of the Management Board, with an average annual salary of around EUR 549,000. This is significantly above the average for all managing director positions.
What data basis underlies the Kienbaum study on managing director compensation?
The study analyzes the compensation of a total of 1,294 managing directors from 704 German companies. It is therefore considered one of the more comprehensive surveys on managing director remuneration in Germany.
How did managing director compensation develop compared to the previous year?
Compared to 2013, average managing director salaries rose by 3.4 percent. This increase is significantly above the general inflation and collective wage trends during this period.