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The differences between co-owners and executives 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 executive. Additionally, an executive has an average salary of $108,285, 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 executive are customer service, digital transformation, and healthcare.
| Co-Owner | Executive | |
| Yearly salary | $86,704 | $108,285 |
| Hourly rate | $41.68 | $52.06 |
| Growth rate | 6% | 6% |
| Number of jobs | 52,915 | 83,869 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 61% |
| 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 Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
Co-owners and executives have different pay scales, as shown below.
| Co-Owner | Executive | |
| Average salary | $86,704 | $108,285 |
| Salary range | Between $63,000 And $118,000 | Between $63,000 And $184,000 |
| Highest paying City | - | Providence, RI |
| Highest paying state | - | Rhode Island |
| Best paying company | - | Capgemini |
| Best paying industry | - | - |
There are a few differences between a co-owner and an executive in terms of educational background:
| Co-Owner | Executive | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and executives' demographics:
| Co-Owner | Executive | |
| Average age | 52 | 52 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 56.0% Female, 44.0% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |