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The differences between executive board members and co-owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an executive board member and a co-owner. Additionally, an executive board member has an average salary of $95,749, which is higher than the $86,704 average annual salary of a co-owner.
The top three skills for an executive board member include financial reports, fraternity and alumni. The most important skills for a co-owner are customer service, financial statements, and business plan.
| Executive Board Member | Co-Owner | |
| Yearly salary | $95,749 | $86,704 |
| Hourly rate | $46.03 | $41.68 |
| Growth rate | 6% | 6% |
| Number of jobs | 69,385 | 52,915 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 54% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An executive board member is responsible for supporting the company's long-term goals and objectives by participating in corporate decisions and organizational processes to maximize business performance and generate more revenues and increase profitability. Executive board members provide consultation with management to identify business opportunities and handle areas of improvement to minimize loss and reputational risks and develop high-level marketing networks. They also assist with implementing policies and procedures to manage the efficiency of employees to ensure client satisfaction.
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 board members and co-owners have different pay scales, as shown below.
| Executive Board Member | Co-Owner | |
| Average salary | $95,749 | $86,704 |
| Salary range | Between $29,000 And $312,000 | Between $63,000 And $118,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between an executive board member and a co-owner in terms of educational background:
| Executive Board Member | Co-Owner | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 54% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive board members' and co-owners' demographics:
| Executive Board Member | Co-Owner | |
| Average age | 52 | 52 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 12% | 12% |