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The differences between co-owners and assistant vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a co-owner and an assistant vice president. Additionally, an assistant vice president has an average salary of $125,190, which is higher than the $86,704 average annual salary of a co-owner.
The top three skills for a co-owner include customer service, financial statements and business plan. The most important skills for an assistant vice president are AVP, risk management, and project management.
| Co-Owner | Assistant Vice President | |
| Yearly salary | $86,704 | $125,190 |
| Hourly rate | $41.68 | $60.19 |
| Growth rate | 6% | 6% |
| Number of jobs | 52,915 | 41,222 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 72% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A co-owner is responsible for ensuring smooth business operations, searching for the best industrial opportunities to drive revenues and increase profitability. Some of the business co-owners' duties include planning activities for business promotions, monitoring current market trends, establishing a reliable workforce, developing product specifications, managing financial goals and cost estimates, strengthening marketing strategies, and keeping records of business papers and documents. A co-owner should have excellent leadership, communication, and decision-making skills to secure business growth and success.
An assistant vice president is responsible for supporting the company's strategies and procedures for growth and development, working alongside the board executives. Assistant vice presidents should ensure that all the company's policies and legal procedures comply with all employees. They also supervise every operations department's head to ensure the smooth flow of business processes, providing additional assistance and resources as needed. Assistant vice presidents also monitor the company's expenses and sales goals to improve the business' performance and profitability.
Co-owners and assistant vice presidents have different pay scales, as shown below.
| Co-Owner | Assistant Vice President | |
| Average salary | $86,704 | $125,190 |
| Salary range | Between $63,000 And $118,000 | Between $96,000 And $163,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Rhode Island |
| Best paying company | - | MetLife |
| Best paying industry | - | Finance |
There are a few differences between a co-owner and an assistant vice president in terms of educational background:
| Co-Owner | Assistant Vice President | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and assistant vice presidents' demographics:
| Co-Owner | Assistant Vice President | |
| Average age | 52 | 52 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 59.8% Female, 40.2% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.4% White, 76.8% American Indian and Alaska Native, 0.6% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.6% White, 76.3% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |