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The differences between co-owners and executive directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a co-owner, becoming an executive director takes usually requires 2-4 years. Additionally, an executive director has an average salary of $127,956, 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 director are oversight, patients, and customer service.
| Co-Owner | Executive Director | |
| Yearly salary | $86,704 | $127,956 |
| Hourly rate | $41.68 | $61.52 |
| Growth rate | 6% | -8% |
| Number of jobs | 52,915 | 97,471 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 63% |
| Average age | 52 | 49 |
| Years of experience | - | 4 |
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.
Executive directors are top management employees who usually function as a chief executive officer. This role is usually seen in non-profit organizations. Executive directors provide strategic direction to the organization, and they ensure that the organization's goals are actualized. They provide guidance to the employees and ensure that the employees have the organization's advocacies at the center of every project or program. They oversee the policies of the organization and create strategies that will bring the organization's programs forward. Executive directors are also responsible for making crucial decisions for the betterment of the organization.
Co-owners and executive directors have different pay scales, as shown below.
| Co-Owner | Executive Director | |
| Average salary | $86,704 | $127,956 |
| Salary range | Between $63,000 And $118,000 | Between $76,000 And $213,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Genentech |
| Best paying industry | - | Finance |
There are a few differences between a co-owner and an executive director in terms of educational background:
| Co-Owner | Executive Director | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and executive directors' demographics:
| Co-Owner | Executive Director | |
| Average age | 52 | 49 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 47.0% Female, 53.0% |
| 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, 7.6% Unknown, 4.8% Hispanic or Latino, 11.2% Asian, 5.0% White, 71.0% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 12% | 10% |