Advisory board member vs owner

The differences between advisory board members and owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an advisory board member and an owner. Additionally, an owner has an average salary of $90,334, which is higher than the $63,675 average annual salary of an advisory board member.

The top three skills for an advisory board member include community outreach, non-profit organization and strategic direction. The most important skills for an owner are customer service, payroll, and financial statements.

Advisory board member vs owner overview

	Advisory Board Member	Owner
Yearly salary	$63,675	$90,334
Hourly rate	$30.61	$43.43
Growth rate	6%	6%
Number of jobs	9,710	86,486
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 52%
Average age	52	52
Years of experience	-	-

What does an advisory board member do?

An advisory board member provides business operations recommendations to the company's executives. Company executives, such as the CEO or company owner, need input from trustworthy people to continually improve their company. Companies must be adaptable to have a chance in an ever-competitive market. Advisory board members must maintain a level of adaptability that will make the company resilient and robust.

What does an owner do?

Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.

Advisory board member vs owner salary

Advisory board members and owners have different pay scales, as shown below.

	Advisory Board Member	Owner
Average salary	$63,675	$90,334
Salary range	Between $18,000 And $218,000	Between $60,000 And $135,000
Highest paying City	-	New York, NY
Highest paying state	-	New Jersey
Best paying company	-	BP America Inc
Best paying industry	-	-

Differences between advisory board member and owner education

There are a few differences between an advisory board member and an owner in terms of educational background:

	Advisory Board Member	Owner
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 52%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Advisory board member vs owner demographics

Here are the differences between advisory board members' and owners' demographics:

	Advisory Board Member	Owner
Average age	52	52
Gender ratio	Male, 47.9% Female, 52.1%	Male, 63.1% Female, 36.9%
Race ratio	Black or African American, 3.6% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 77.0% American Indian and Alaska Native, 0.6%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between advisory board member and owner duties and responsibilities

Advisory board member example responsibilities.

Work with a team of 13 other members to manage, fill, and distribute THON merchandise orders.
Participate in THON, a yearlong effort to raise money and awareness in the fight against pediatric cancer.
Develop organizational policies and procedures for staffing, fund raising, governance and administration of the new organization.
Engage perspective student questions on the admitted students' Facebook page.
Create and organize a school wide math night to support parent involvement through mathematics
Serve as regular panelist discussing current events, school life and other teen relate issues.

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Owner example responsibilities.

Manage web content and a PHP / MySQL application.
Create and develop a website to help clients easily manage their instagram account to gain exposure.
Execute all social media marketing and manage the company Facebook page/campaigns.
Manage human resource functions by generating payroll, scheduling and upholding company policies.
License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.

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Advisory board member vs owner skills

Common advisory board member skills

Community Outreach, 13%
Non-Profit Organization, 9%
Strategic Direction, 8%
Policy Changes, 7%
Public Health, 7%
Alumni, 7%

Common owner skills

Customer Service, 25%
Payroll, 17%
Financial Statements, 8%
Product Development, 7%
Real Estate, 3%
Business Development, 3%

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Updated January 8, 2025

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