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The differences between entrepreneurs and managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an entrepreneur and a manager. Additionally, an entrepreneur has an average salary of $70,849, which is higher than the $58,651 average annual salary of a manager.
The top three skills for an entrepreneur include kids, web design and product development. The most important skills for a manager are customer service, payroll, and food safety.
| Entrepreneur | Manager | |
| Yearly salary | $70,849 | $58,651 |
| Hourly rate | $34.06 | $28.20 |
| Growth rate | 6% | 6% |
| Number of jobs | 34,711 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 49% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Entrepreneurs and managers have different pay scales, as shown below.
| Entrepreneur | Manager | |
| Average salary | $70,849 | $58,651 |
| Salary range | Between $42,000 And $118,000 | Between $37,000 And $92,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | New Jersey |
| Best paying company | General Catalyst | - |
| Best paying industry | Finance | Finance |
There are a few differences between an entrepreneur and a manager in terms of educational background:
| Entrepreneur | Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between entrepreneurs' and managers' demographics:
| Entrepreneur | Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 51.0% Female, 49.0% |
| Race ratio | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |