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On production, art directors are there to sweat the small stuff. A creative director is usually the keeper of a brand. make big decisions, especially when it comes time to steer the brand in a new direction. A good CD will be involved in creating a brief (which is then given to an art director & copywriter).
While Creative Directors do not often become Executive Creative Directors, the job pays $165K per year on average. A VP or Creative Director role is the most common promotion for Creative Directors moving up the ladder, and pay for the position tends to be around the $139K mark.