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The differences between associate partners and 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 partner takes usually requires 8-10 years. Additionally, an associate partner has an average salary of $145,385, which is higher than the $76,119 average annual salary of a partner.
The top three skills for an associate partner include digital transformation, analytics and cloud. The most important skills for a partner are patients, customer service, and healthcare.
| Associate Partner | Partner | |
| Yearly salary | $145,385 | $76,119 |
| Hourly rate | $69.90 | $36.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 32,405 | 45,758 |
| Job satisfaction | - | 1 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 59% |
| Average age | 46 | 39 |
| Years of experience | 4 | 10 |
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.
A business partner is responsible for providing strategies and recommendations on how the business will operate, increasing its revenues while sharing profits. Business partners must have extensive knowledge of how the current market industry works to identify the best decisions for the business. A business partner should also be engaged in suggesting new services and offers that the company might consider for its clients. Business partners must also keep the confidentiality of their partnering business administration at all times.
Associate partners and partners have different pay scales, as shown below.
| Associate Partner | Partner | |
| Average salary | $145,385 | $76,119 |
| Salary range | Between $84,000 And $250,000 | Between $31,000 And $182,000 |
| Highest paying City | Cambridge, MA | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | McKinsey & Company Inc | Sidley Austin |
| Best paying industry | Professional | - |
There are a few differences between an associate partner and a partner in terms of educational background:
| Associate Partner | Partner | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between associate partners' and partners' demographics:
| Associate Partner | Partner | |
| Average age | 46 | 39 |
| Gender ratio | Male, 66.4% Female, 33.6% | Male, 62.3% Female, 37.7% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |