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The differences between executives and 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 and an owner. Additionally, an executive has an average salary of $108,285, which is higher than the $90,334 average annual salary of an owner.
The top three skills for an executive include customer service, digital transformation and healthcare. The most important skills for an owner are customer service, payroll, and financial statements.
| Executive | Owner | |
| Yearly salary | $108,285 | $90,334 |
| Hourly rate | $52.06 | $43.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 83,869 | 86,486 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 52% |
| Average age | 52 | 52 |
| Years of experience | - | - |
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.
Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.
Executives and owners have different pay scales, as shown below.
| Executive | Owner | |
| Average salary | $108,285 | $90,334 |
| Salary range | Between $63,000 And $184,000 | Between $60,000 And $135,000 |
| Highest paying City | Providence, RI | New York, NY |
| Highest paying state | Rhode Island | New Jersey |
| Best paying company | Capgemini | BP America Inc |
| Best paying industry | - | - |
There are a few differences between an executive and an owner in terms of educational background:
| Executive | Owner | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executives' and owners' demographics:
| Executive | Owner | |
| Average age | 52 | 52 |
| Gender ratio | Male, 56.0% Female, 44.0% | Male, 63.1% Female, 36.9% |
| Race ratio | 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% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |