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This question is about business partner salaries.
How much do business partners make?
The average salary that business partners make is generally over $100,000 in a year. This can range from $90,000 per year to almost $200,000 a year.
What business partners earn varies depending on a variety of factors. These factors include education and experience, industry and company size, as well as location. Other than these two factors, salary expectations for business partners are largely reliant on bonuses and profit-sharing, as well as developing skills that will make a person valuable.
Experience and education are the most important qualifications that influence how much a business partner makes. Most businesses look to add partners who have significant experience in the industry and have attained at least a bachelor's degree in business or a similar program, and preferably a master's in business administration (MBA).
This is because business partners act as strategic executives within the business. Business partners work with senior leaders to evolve culture and strengthen partnerships to achieve organizational outcomes. It is the business partner's role to surpass providing services and move into an outcomes-driven field.
This means that a business partner must have high-level strategic skills as well as an ability to develop vision and culture for the organization they work for. All of the above skills typically come with significant work experience and education. Due to the high level of qualifications for the business partner, they are typically well compensated.
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