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The differences between associate partners and senior 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 senior partner takes usually requires 8-10 years. Additionally, an associate partner has an average salary of $145,385, which is higher than the $118,406 average annual salary of a senior partner.
The top three skills for an associate partner include digital transformation, analytics and cloud. The most important skills for a senior partner are excellent organizational, lead generation, and ROI.
| Associate Partner | Senior Partner | |
| Yearly salary | $145,385 | $118,406 |
| Hourly rate | $69.90 | $56.93 |
| Growth rate | 10% | 10% |
| Number of jobs | 32,405 | 54,052 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| 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 Senior Partner is responsible for implementing corporate decisions alongside the senior management that would benefit the company's performance to achieve long-term goals and objectives. Senior Partners monitor business operations and strategize techniques that would benefit the company's growth. They also maintain and manage client relationships, develop policies, and coordinate with other board members to ensure the highest client satisfaction. A Senior Partner must have excellent communication and leadership skills to identify process improvement processes and overseeing business transactions.
Associate partners and senior partners have different pay scales, as shown below.
| Associate Partner | Senior Partner | |
| Average salary | $145,385 | $118,406 |
| Salary range | Between $84,000 And $250,000 | Between $90,000 And $154,000 |
| Highest paying City | Cambridge, MA | San Francisco, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | McKinsey & Company Inc | McKinsey & Company Inc |
| Best paying industry | Professional | Media |
There are a few differences between an associate partner and a senior partner in terms of educational background:
| Associate Partner | Senior Partner | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between associate partners' and senior partners' demographics:
| Associate Partner | Senior Partner | |
| Average age | 46 | 39 |
| Gender ratio | Male, 66.4% Female, 33.6% | Male, 63.1% Female, 36.9% |
| 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% |