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Become A Co-Founder, Managing Partner

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Working As A Co-Founder, Managing Partner

  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Interacting With Computers
  • Organizing, Planning, and Prioritizing Work
  • Making Decisions and Solving Problems
  • Mostly Sitting

  • Stressful

  • $92,000

    Average Salary

What Does A Co-Founder, Managing Partner Do

Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members.

Duties

Advertising, promotions, and marketing managers typically do the following:

  • Work with department heads or staff to discuss topics such as budgets and contracts, marketing plans, and the selection of advertising media
  • Plan promotional campaigns such as contests, coupons, or giveaways
  • Plan advertising campaigns, including which media to advertise in, such as radio, television, print, online media, and billboards
  • Negotiate advertising contracts
  • Evaluate the look and feel of websites used in campaigns or layouts, which are sketches or plans for an advertisement
  • Initiate market research studies and analyze their findings to understand customer and market opportunities for businesses
  • Develop pricing strategies for products or services marketed to the target customers of a firm
  • Meet with clients to provide marketing or technical advice
  • Direct the hiring of advertising, promotions, and marketing staff and oversee their daily activities

Advertising managers create interest among potential buyers of a product or service. They do this for a department, for an entire organization, or on a project basis (referred to as an account). Advertising managers work in advertising agencies that put together advertising campaigns for clients, in media firms that sell advertising space or time, and in organizations that advertise heavily.

Advertising managers work with sales staff and others to generate ideas for an advertising campaign. They oversee the staff that develops the advertising. They work with the finance department to prepare a budget and cost estimates for the campaign.

Often, advertising managers serve as liaisons between the client and the advertising or promotion agency that develops and places the ads. In larger organizations with extensive advertising departments, different advertising managers may oversee in-house accounts and creative and media services departments.

In addition, some advertising managers specialize in a particular field or type of advertising. For example, media directors determine the way in which an advertising campaign reaches customers. They can use any or all of various media, including radio, television, newspapers, magazines, the Internet, and outdoor signs. 

Advertising managers known as account executives manage clients’ accounts, but they are not responsible for developing or supervising the creation or presentation of advertising. That task becomes the work of the creative services department.

Promotions managers direct programs that combine advertising with purchasing incentives to increase sales. Often, the programs use direct mail, inserts in newspapers, Internet advertisements, in-store displays, product endorsements, or special events to target customers. Purchasing incentives may include discounts, samples, gifts, rebates, coupons, sweepstakes, or contests.

Marketing managers estimate the demand for products and services that an organization and its competitors offer. They identify potential markets for the organization’s products.

Marketing managers also develop pricing strategies to help organizations maximize their profits and market share while ensuring that the organizations’ customers are satisfied. They work with sales, public relations, and product development staff.

For example, a marketing manager may monitor trends that indicate the need for a new product or service. Then he or she oversees the development of that product or service. For more information on sales or public relations, see the profiles on sales managers, public relations and fundraising managers, public relations specialists, and market research analysts.

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How To Become A Co-Founder, Managing Partner

A bachelor’s degree is required for most advertising, promotions, and marketing management positions. These managers typically have work experience in advertising, marketing, promotions, or sales.

Education

A bachelor’s degree is required for most advertising, promotions, and marketing management positions. For advertising management positions, some employers prefer a bachelor’s degree in advertising or journalism. A relevant course of study might include classes in marketing, consumer behavior, market research, sales, communication methods and technology, visual arts, art history, and photography.

Most marketing managers need a bachelor’s degree. Courses in business law, management, economics, finance, computer science, mathematics, and statistics are advantageous. For example, courses in computer science are helpful in developing an approach to maximize online traffic, by utilizing online search results, because maximizing such traffic is critical for digital advertisements and promotions. In addition, completing an internship while in school can be useful.

Work Experience in a Related Occupation

Advertising, promotional, and marketing managers typically have work experience in advertising, marketing, promotions, or sales. For example, many managers are former sales representatives; buyers or purchasing agents; or public relations specialists.

Important Qualities

Analytical skills. Advertising, promotions, and marketing managers must be able to analyze industry trends to determine the most promising strategies for their organization. 

Communication skills. Managers must be able to communicate effectively with a broad-based team made up of other managers or staff members during the advertising, promotions, and marketing process. They must also be able to communicate persuasively with the public.

Creativity. Advertising, promotions, and marketing managers must be able to generate new and imaginative ideas.

Decisionmaking skills. Managers often must choose between competing advertising and marketing strategies put forward by staff.

Interpersonal skills. These managers must deal with a range of people in different roles, both inside and outside the organization.

Organizational skills. Advertising, promotions, and marketing managers must manage their time and budget efficiently while directing and motivating staff members.

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Average Length of Employment
Owner And Founder 5.8 years
Managing Partner 5.3 years
Founding Partner 5.2 years
Founder, Co-Owner 4.9 years
Managing Director 4.6 years
Managing Member 4.1 years
Co-Founder/Manager 3.8 years
Co-Founder 3.0 years
Top Careers Before Co-Founder, Managing Partner
Co-Founder 6.6%
Consultant 6.0%
Director 5.4%
Internship 5.4%
President 5.1%
Associate 4.6%
Manager 3.7%
Founder 2.9%
Top Careers After Co-Founder, Managing Partner
Co-Founder 7.9%
Consultant 6.9%
President 5.0%
Owner 4.0%
Principal 3.5%
Manager 3.5%

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Top Skills for A Co-Founder, Managing Partner

  1. Business Development
  2. Investment Strategies
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Spearhead full-scope daily operations including new business development, strategic planning, project management and client retention.
  • Developed a system to maintain financial statements with quarterly reporting to advisory board.
  • Developed and implemented the company website and sales materials with a virtual office format.
  • Established strong client relationships through solid delivery.
  • Lead designer and facilitator of small business venture/entrepreneurial training.

Co-Founder, Managing Partner Demographics

Gender

Male

71.8%

Female

17.6%

Unknown

10.5%
Ethnicity

White

59.8%

Hispanic or Latino

14.3%

Black or African American

11.4%

Asian

9.9%

Unknown

4.7%
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Foreign Languages Spoken

Spanish

28.0%

Portuguese

12.0%

French

12.0%

Chinese

8.0%

Turkish

8.0%

Czech

4.0%

Albanian

4.0%

Japanese

4.0%

German

4.0%

Russian

4.0%

Korean

4.0%

Mandarin

4.0%

Italian

4.0%
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Co-Founder, Managing Partner Education

Schools

New York University

13.5%

Columbia University

8.1%

University of Pennsylvania

7.2%

University of Chicago

7.2%

University of Washington

6.3%

Northwestern University

5.4%

University of Florida

4.5%

Georgetown University

4.5%

University of Phoenix

4.5%

University of Texas at Austin

4.5%

Temple University

3.6%

George Washington University

3.6%

University of Utah

3.6%

Northeastern University

3.6%

Ohio State University

3.6%

Florida State University

3.6%

Cornell University

3.6%

University of Maryland - College Park

3.6%

Kutztown University of Pennsylvania

2.7%

University of Houston

2.7%
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Majors

Business

30.0%

Finance

14.2%

Marketing

8.3%

Management

5.9%

Law

4.6%

Political Science

4.3%

Economics

3.8%

Communication

3.8%

Electrical Engineering

3.2%

Psychology

3.2%

Accounting

2.9%

English

2.4%

Education

1.9%

Small Business Management

1.9%

Sociology

1.9%

Computer Science

1.6%

Project Management

1.6%

Liberal Arts

1.6%

Mechanical Engineering

1.6%

Legal Research And Advanced Professional Studies

1.3%
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Degrees

Bachelors

40.1%

Masters

39.2%

Other

8.5%

Doctorate

7.9%

Certificate

2.0%

Associate

1.7%

Diploma

0.4%

License

0.2%
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