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The differences between associate partners and senior managers 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 senior manager takes usually requires 4-6 years. Additionally, an associate partner has an average salary of $145,385, which is higher than the $118,906 average annual salary of a senior manager.
The top three skills for an associate partner include digital transformation, analytics and cloud. The most important skills for a senior manager are analytics, project management, and portfolio.
| Associate Partner | Senior Manager | |
| Yearly salary | $145,385 | $118,906 |
| Hourly rate | $69.90 | $57.17 |
| Growth rate | 10% | 6% |
| Number of jobs | 32,405 | 372,801 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| 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.
A senior manager is responsible for directing the overall efficiency of business operations. Senior managers monitor the performance of the staff, improve operational strategies, identify business opportunities, allocate budgets and resources, present reports to senior management, set goals to drive results on increasing the company's revenues and profitability. Senior managers must coordinate with various operations departments to maintain good feedback for the company, meeting client's expectations, and delivering the best results. They should have excellent communication and leadership skills to handle team members, as well as managing their needs and concerns.
Associate partners and senior managers have different pay scales, as shown below.
| Associate Partner | Senior Manager | |
| Average salary | $145,385 | $118,906 |
| Salary range | Between $84,000 And $250,000 | Between $86,000 And $163,000 |
| Highest paying City | Cambridge, MA | San Francisco, CA |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | McKinsey & Company Inc | Cornerstone Research |
| Best paying industry | Professional | Professional |
There are a few differences between an associate partner and a senior manager in terms of educational background:
| Associate Partner | Senior Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between associate partners' and senior managers' demographics:
| Associate Partner | Senior Manager | |
| Average age | 46 | 44 |
| Gender ratio | Male, 66.4% Female, 33.6% | Male, 67.5% Female, 32.5% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 67.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |