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Yes, directors make a lot more
The senior manager position is relatively new and I think there may be some more overlap but Director is after senior manager. Director pay caps out around 300k (this is tax) but not sure what the cap for senior manager is.
Senior manager is before director so they make less. In deals sm1 salary is 160 and sm2 175
In New York metro assurance the difference is 13k. Between a SM3 and a new director.