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The differences between co-owners and senior 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 a senior vice president. Additionally, a senior vice president has an average salary of $194,770, 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 a senior vice president are financial services, SVP, and oversight.
| Co-Owner | Senior Vice President | |
| Yearly salary | $86,704 | $194,770 |
| Hourly rate | $41.68 | $93.64 |
| Growth rate | 6% | 6% |
| Number of jobs | 52,915 | 61,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 71% |
| 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.
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
Co-owners and senior vice presidents have different pay scales, as shown below.
| Co-Owner | Senior Vice President | |
| Average salary | $86,704 | $194,770 |
| Salary range | Between $63,000 And $118,000 | Between $125,000 And $302,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | Brookfield Properties |
| Best paying industry | - | Media |
There are a few differences between a co-owner and a senior vice president in terms of educational background:
| Co-Owner | Senior Vice President | |
| Most common degree | Bachelor's Degree, 54% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between co-owners' and senior vice presidents' demographics:
| Co-Owner | Senior Vice President | |
| Average age | 52 | 52 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 74.9% Female, 25.1% |
| 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% |