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The differences between associate partners and managing partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an associate partner, becoming a managing partner takes usually requires 4-6 years. Additionally, a managing partner has an average salary of $147,401, which is higher than the $145,385 average annual salary of an associate partner.
The top three skills for an associate partner include digital transformation, analytics and cloud. The most important skills for a managing partner are food handling, cleanliness, and customer service.
| Associate Partner | Managing Partner | |
| Yearly salary | $145,385 | $147,401 |
| Hourly rate | $69.90 | $70.87 |
| Growth rate | 10% | 6% |
| Number of jobs | 32,405 | 66,916 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Average age | 46 | 44 |
| Years of experience | 4 | 6 |
The job of an associate partner is similar to that of a partner. An associate partner will report to the partner and work to build strong client relationships and understand their concerns. You will typically perform various duties that include handling the partner's daily activities, monitoring the accounting procedures, and maintaining the confidentiality of the client's information. As an associate partner, you also have to advise on corporate governance and business reorganization and conducting assessments of in-house platforms that include evaluating portfolio accounting systems and client delivery.
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.
Associate partners and managing partners have different pay scales, as shown below.
| Associate Partner | Managing Partner | |
| Average salary | $145,385 | $147,401 |
| Salary range | Between $84,000 And $250,000 | Between $83,000 And $259,000 |
| Highest paying City | Cambridge, MA | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | McKinsey & Company Inc | Gartner |
| Best paying industry | Professional | Construction |
There are a few differences between an associate partner and a managing partner in terms of educational background:
| Associate Partner | Managing Partner | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between associate partners' and managing partners' demographics:
| Associate Partner | Managing Partner | |
| Average age | 46 | 44 |
| Gender ratio | Male, 66.4% Female, 33.6% | Male, 79.0% Female, 21.0% |
| Race ratio | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.6% American Indian and Alaska Native, 0.3% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |