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The differences between client associates and client partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a client associate, becoming a client partner takes usually requires 6-8 years. Additionally, a client partner has an average salary of $136,496, which is higher than the $45,992 average annual salary of a client associate.
The top three skills for a client associate include client service, wealth management and sales support. The most important skills for a client partner are portfolio, cloud, and CRM.
| Client Associate | Client Partner | |
| Yearly salary | $45,992 | $136,496 |
| Hourly rate | $22.11 | $65.62 |
| Growth rate | -4% | 5% |
| Number of jobs | 191,586 | 89,838 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 40 | 46 |
| Years of experience | 12 | 8 |
A client associate is an individual who builds a strong relationship with customers by providing support for their account needs and provides training if necessary. Client associates are required to communicate with their customers either on the phone, through email, or in person. They carry out administrative tasks for financial advisers, such as maintaining client account information and assisting with special projects. Client associates must also collect and analyze competitor data and client usage so that they create new business opportunities.
A client partner specializes in assisting and building positive relationships with customers, ensuring satisfaction that will translate to sales. They are primarily responsible for reaching out to customers through calls and correspondence, arranging appointments and meetings, discussing the extent of opportunities with customers, resolving issues and concerns, and reporting progress to managers and supervisors. Moreover, a client partner may create specific programs and payment plans for clients, provide consultations, negotiate contracts, and assess risks, all while adhering to the policies and standards of the company.
Client associates and client partners have different pay scales, as shown below.
| Client Associate | Client Partner | |
| Average salary | $45,992 | $136,496 |
| Salary range | Between $28,000 And $74,000 | Between $87,000 And $212,000 |
| Highest paying City | New York, NY | Harrisburg, PA |
| Highest paying state | New York | Pennsylvania |
| Best paying company | Arrowstreet Capital | Dechert |
| Best paying industry | Professional | Professional |
There are a few differences between a client associate and a client partner in terms of educational background:
| Client Associate | Client Partner | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between client associates' and client partners' demographics:
| Client Associate | Client Partner | |
| Average age | 40 | 46 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 69.0% Female, 31.0% |
| Race ratio | Black or African American, 12.7% Unknown, 5.6% Hispanic or Latino, 19.9% Asian, 7.1% White, 54.0% American Indian and Alaska Native, 0.7% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |