Highest-Paying Owner/Manager Jobs [2023]

Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of owner/managers that are the highest paid based on their average annual salaries.

Here is a summary of our findings for the highest-paying types of owner/managers:

• Managing Partner is the highest-paid type of owner/manager with an average salary of $147,401 and an average hourly rate of $70.87.

• The second highest-paying type of owner/manager is director/manager, with an average salary of $128,735.

• The average owner/manager salary is $75,822 per year, and the average hourly pay is $36.45.

Table Of Contents: Background | Table | Methodology | FAQs

Background

Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as an owner/manager, it helps to have an idea of what the highest-paid types of owner/managers are so that you can plan your career progression.

Here are the top salaries for different types of owner/managers:

1. Managing Partner

   Average Salary: $147,401

   The primary role of managing partners is to manage a company’s day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.

2. Director/Manager

   Average Salary: $128,735

   A director/manager is responsible for developing strategic techniques to boost the operational efficiency of an organization in delivering high-quality services and satisfaction for the customers and business clients. Directors/managers identify business opportunities that would support the company’s long-term goals and objectives, generating more revenues and closing contract deals for the business. They also handle the departmental budgets, allocating adequate resources for operations and project management. A director/manager must have excellent communication and leadership skills, especially in overseeing staff performance and handling their concerns.

3. Managing Owner

   Average Salary: $111,101

4. Lead Manager

   Average Salary: $101,883

   A lead manager is primarily in charge of overseeing the progress of a particular office or department. Although the responsibilities will vary depending on their industry, it will typically revolve around producing progress reports, reviewing documentation and transactions, managing the budget, procuring supplies, and devising strategies to generate leads and reach goals faster. Furthermore, as a lead manager, it is essential to spearhead projects and encourage staff, all while implementing the company’s policies and regulations.

5. Manager/Partner

   Average Salary: $95,382

   A manager/partner or managing partner is a professional who manages the daily activities of a company as well as guides its overall strategic business direction. Managing partners must cooperate with other executives, board members, and employees to implement organizational goals, procedures, and policies. They are responsible for the hiring and managing of employees and should follow the executive committee guidelines and federal and state laws and regulations. Managing partners must also maintain positive client relationships and lead the drive for new business acquisitions.

Below is a full table of the average pay for various owner/manager that pay the most followed by a more detailed explanation of our methodology.

Highest-Paying Types Of Owner/Managers

Methodology

Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.

Our data science team also checks job postings and company-published resources for additional up-to-date salary information for owner/managers.

Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.

Highest-Paying Types Of Owner/Manager Jobs FAQs

1. What is the highest-paid owner/manager job?

   The highest-paid owner/manager job is a managing partner. Managing Partners earn an average salary of $147,401, which is $ 70.87 hourly.

   The primary role of managing partners is to manage a company’s day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.

2. What is a good salary for an owner/manager?

   A good salary for an owner/manager is $75,822 or more. The average owner/manager salary is $75,822, so those making at least $75,822 are earning above-average paychecks.

   Keep in mind, however, that the average owner/manager salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.

   In addition, if you’re just starting your career as an owner/manager, the average entry level salary is $0, so don’t base your opinion of your salary on the $75,822 average, as this includes all owner/managers of all skill and experience levels.

3. Do Owner/Manager jobs pay well?

   Yes, owner/manager jobs pay well. As in any industry, some owner/manager jobs pay better than others, but the average owner/manager salary of $75,822 is times the average national salary of about $44,225 per year.

   In addition to this, many owner/manager jobs have high earning potential, with the top 10% of owner/managers earning $0 a year on average.

   Owner/Managers’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as an owner/manager. Do your research on the going rate for an owner/manager in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.

4. Where do owner/managers get paid the most?

   Owner/Managers get paid the most in New York. In New York, owner/managers earn an average annual salary of $116,655 and an average hourly wage of $56.08.

   Following NY, the states with the highest-paid owner/managers are Delaware, Connecticut, and Rhode Island, with average annual salaries of $110,636, $118,059, and $120,971 respectively.

   The cities with the highest-paid owner/manager salaries are:

Author

Chris Kolmar

Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.