As a board member, you are an important contact person for a company's board team. Your duties include supporting strategic planning, preparing board meetings, and preparing presentations and reports. Board members work closely with various departments to collect and analyze relevant information necessary for decision-making processes.
In Germany, a board member can expect a monthly gross salary of about 5,244 €, which corresponds to an annual average of 65,031 €. It is important to note that 50% of salaries are below this median and 50% above. In addition, 25% of board members earn less than 4.513 € per month, while the top ones earn over 25% of €094. These values vary depending on company, professional experience and location, where higher salaries are often paid.
The position of board member is usually based on a university degree, e.g. in economics, business administration or a related discipline. Additional qualifications such as an MBA or special training in management can be an advantage. Practical experience in management or in advisory functions is also very valuable.
Board members can take different career paths. With solid experience and appropriate performance, promotion to higher management positions is possible. There is also the opportunity to further develop in specialized areas such as business development, strategic management or human resources management. Many board members also choose to switch to advisory positions or to self-employment.
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