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The differences between business partners and senior business managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business partner, becoming a senior business manager takes usually requires 4-6 years. Additionally, a senior business manager has an average salary of $134,737, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a business partner include analytics, project management and customer service. The most important skills for a senior business manager are analytics, project management, and portfolio.
| Business Partner | Senior Business Manager | |
| Yearly salary | $96,324 | $134,737 |
| Hourly rate | $46.31 | $64.78 |
| Growth rate | 10% | 6% |
| Number of jobs | 106,251 | 303,902 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
A senior business manager oversees the daily operations in a company, ensuring efficiency and smooth workflow. Typically, their responsibilities revolve around directing and assessing workforce performance, setting company objectives and goals, and coordinating with different departments to be aware of any issues or concerns. It is also essential to devise strategies to find new sales opportunities, perform research and analysis to identify client needs, and promptly resolve any problems that may arise. Furthermore, as a senior business manager, it is essential to lead and encourage the workforce, all while implementing the company's policies and regulations.
Business partners and senior business managers have different pay scales, as shown below.
| Business Partner | Senior Business Manager | |
| Average salary | $96,324 | $134,737 |
| Salary range | Between $66,000 And $140,000 | Between $96,000 And $187,000 |
| Highest paying City | San Francisco, CA | Hartford, CT |
| Highest paying state | Washington | Connecticut |
| Best paying company | ZS | Airbnb |
| Best paying industry | Technology | Professional |
There are a few differences between a business partner and a senior business manager in terms of educational background:
| Business Partner | Senior Business Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between business partners' and senior business managers' demographics:
| Business Partner | Senior Business Manager | |
| Average age | 39 | 44 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 64.4% Female, 35.6% |
| Race ratio | 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% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |