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Co-owner vs assistant vice president

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 vs assistant vice president overview

Co-OwnerAssistant Vice President
Yearly salary$86,704$125,190
Hourly rate$41.68$60.19
Growth rate6%6%
Number of jobs52,91541,222
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Average age5252
Years of experience--

What does a co-owner do?

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.

What does an assistant vice president do?

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-owner vs assistant vice president salary

Co-owners and assistant vice presidents have different pay scales, as shown below.

Co-OwnerAssistant Vice President
Average salary$86,704$125,190
Salary rangeBetween $63,000 And $118,000Between $96,000 And $163,000
Highest paying City-Washington, DC
Highest paying state-Rhode Island
Best paying company-MetLife
Best paying industry-Finance

Differences between co-owner and assistant vice president education

There are a few differences between a co-owner and an assistant vice president in terms of educational background:

Co-OwnerAssistant Vice President
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Co-owner vs assistant vice president demographics

Here are the differences between co-owners' and assistant vice presidents' demographics:

Co-OwnerAssistant Vice President
Average age5252
Gender ratioMale, 53.2% Female, 46.8%Male, 59.8% Female, 40.2%
Race ratioBlack 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 Percentage12%12%

Differences between co-owner and assistant vice president duties and responsibilities

Co-owner example responsibilities.

  • Manage inventory, profit and loss analysis, ROI, staff training and health department standards & safety regulations.
  • Manage budget and financial operations, including payroll and inventory.
  • Manage the day to day operation/financial operations of Medicare certify home health agency.
  • Acquire LLC, zone compliance, city business license and all other necessary documentation for a new business.
  • Complete all paperwork necessary for LLC, business license, insurance requirements, audits and home improvement license.
  • Photograph, edit (Photoshop) and upload pictures on website for new items or for products with new look.
  • Show more

Assistant vice president example responsibilities.

  • Implement budget report which allow unit to achieve expense objective of $25MM/397 FTE target.
  • Manage and update controls and procedures as needed to maintain SOX compliance and manage quarterly testing for the department.
  • Manage the BSA portion of all regulatory examinations with outside auditors and regulators.
  • Manage daily ACH transfers and wire transactions including verifying all investor distributions are process.
  • Manage Citi's capital planning and funding process and develop recommendations for capital utilization.
  • Prepare presentations, contracts, manage logistics, provide quality control and safety requirements.
  • Show more

Co-owner vs assistant vice president skills

Common co-owner skills
  • Customer Service, 39%
  • Financial Statements, 13%
  • Business Plan, 4%
  • Real Estate, 3%
  • QuickBooks, 3%
  • Inventory Control, 3%
Common assistant vice president skills
  • AVP, 9%
  • Risk Management, 6%
  • Project Management, 5%
  • Oversight, 5%
  • Rehabilitation, 5%
  • PowerPoint, 4%

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