1. University of Pennsylvania
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
A manager/partner, or a managing partner, is meant to create and set strategies, goals, and objectives, with the goal of making sure that all day to day business operations run smoothly.
As implied in the title, the manager/partner deals with a lot and has many duties. They interact with clients and personnel, forming and maintaining relationships with both. They create and develop goals, policies, and procedures, as well as ensure that the company is working towards them. They assist or cooperate with marketing, design, and sales personnel, identify risks and opportunities for possible improvements, and oversee the hiring and training of employees.
A good manager/partner should have a university-level degree in business administration or a similarly applicable field. Further education might be favoured. Manager/partners are expected to have years of experience in managerial positions, and should have an analytical and a goal-driven mind. On average, the manager/partner earns approximately $123,000 a year.
There are certain skills that many managers/partner have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed management skills, problem-solving skills and time-management skills.
If you're interested in becoming a manager/partner, one of the first things to consider is how much education you need. We've determined that 69.4% of managers/partner have a bachelor's degree. In terms of higher education levels, we found that 13.1% of managers/partner have master's degrees. Even though most managers/partner have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a manager/partner can determine their career goals through the career progression. For example, they could start out with a role such as owner/manager, progress to a title such as general manager and then eventually end up with the title director of food and beverage.
What Am I Worth?
The role of a manager/partner includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general manager/partner responsibilities:
There are several types of manager/partner, including:
Area managers have their own territory to take care of within a business. Usually, area managers are in charge of a defined region. That means so much more than just being a boss over team members.
Area managers spend a lot of their time setting sales goals for the team to meet (or even exceed) and defining certain financial goals. They work alongside other area managers to ensure the company is headed in the right direction together.
As an area manager, it's no secret that you have a lot of responsibilities on your shoulders. This is why this is definitely not a job for a newbie. You'll want a bit of experience before breaking into this career.
The plant manager is responsible for overseeing the productivity of the employees. You are expected to ensure that the plant runs efficiently and safely while maintaining optimal operation by assigning workers, developing production schedules, creating work schedules, and also hiring and training new staff. You are allowed to watch and organize the daily operations of manufacturing plants. Keep in mind; you will not only be involved with manufacturing plants but also organizational plans. You will also be in charge of overseeing the entire location, collecting and analyzing new data, ensuring the safety of both the plants and the workers, and also monitoring the production equipment to ensure it remains in good shape.
Being a plant manager requires you to defend quality control each time manufactured items leave the plants. You must also maintain relationships with other sections and departments to ensure a smooth-running organization. As a plant manager, some skills necessary for the role include optimal interpersonal relationships and excellent leadership skills. You also need problem-solving skills and outstanding time management skills. The average salary of a plant manager yearly is $99,000. A bachelor's degree in business management or other related field is needed to be a plant manager.
A managing partner is an active member of a business partnership. They are the ones who take care of day to day activities that make the business run without holdups so the rest of the partners can keep their eyes on the big picture, coming up with business goals and strategies.
Filling a similar role in a company as a CEO, a managing partner oversees daily operations and reports to a committee of partners, or a board of directors in a corporation. Managing partners operate in smaller businesses, though, that is why they have two roles at the same time as partner and general manager.
Salaries of managing partners depend on the shares they receive from the profit their company makes. On top of that, they usually also receive a guaranteed payment for their managerial services.
Mouse over a state to see the number of active manager/partner jobs in each state. The darker areas on the map show where managers/partner earn the highest salaries across all 50 states.
Rank | State | Number of Jobs | Average Salary |
---|---|---|---|
1 | California | 11,875 | $126,836 |
2 | Texas | 7,650 | $82,332 |
3 | New York | 5,403 | $107,451 |
4 | Florida | 5,371 | $67,893 |
5 | Illinois | 4,566 | $91,955 |
6 | Pennsylvania | 3,889 | $91,404 |
7 | North Carolina | 3,654 | $93,370 |
8 | Georgia | 3,646 | $86,337 |
9 | Ohio | 3,542 | $87,206 |
10 | Virginia | 3,337 | $112,450 |
11 | Massachusetts | 3,157 | $97,312 |
12 | New Jersey | 2,829 | $115,795 |
13 | Michigan | 2,622 | $88,350 |
14 | Indiana | 2,435 | $84,300 |
15 | Washington | 2,356 | $114,606 |
16 | Tennessee | 2,187 | $74,765 |
17 | Minnesota | 2,167 | $79,934 |
18 | Missouri | 2,156 | $75,239 |
19 | Arizona | 2,077 | $88,307 |
20 | Maryland | 2,030 | $94,466 |
21 | Colorado | 1,924 | $92,863 |
22 | Wisconsin | 1,735 | $87,110 |
23 | South Carolina | 1,616 | $69,702 |
24 | Oregon | 1,588 | $91,300 |
25 | Alabama | 1,580 | $77,194 |
26 | Kentucky | 1,274 | $58,558 |
27 | Utah | 1,211 | $57,173 |
28 | Connecticut | 1,093 | $97,395 |
29 | Louisiana | 1,031 | $73,575 |
30 | Kansas | 1,009 | $73,923 |
31 | Iowa | 974 | $63,026 |
32 | Oklahoma | 920 | $63,067 |
33 | Arkansas | 857 | $60,999 |
34 | Nevada | 701 | $112,047 |
35 | New Hampshire | 611 | $72,548 |
36 | Mississippi | 607 | $66,728 |
37 | Nebraska | 522 | $79,701 |
38 | New Mexico | 458 | $74,503 |
39 | Idaho | 447 | $74,571 |
40 | West Virginia | 442 | $73,113 |
41 | Rhode Island | 389 | $92,786 |
42 | Maine | 367 | $66,626 |
43 | Delaware | 360 | $95,131 |
44 | Montana | 329 | $65,957 |
45 | North Dakota | 275 | $69,103 |
46 | Hawaii | 225 | $78,052 |
47 | South Dakota | 192 | $89,176 |
48 | Vermont | 190 | $65,830 |
49 | Wyoming | 160 | $64,696 |
50 | Alaska | 158 | $78,624 |
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
New York, NY • Private
In-State Tuition
$51,828
Enrollment
26,339
University Park, PA • Private
In-State Tuition
$18,454
Enrollment
40,108
Austin, TX • Private
In-State Tuition
$10,610
Enrollment
40,329
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
Boston, MA • Private
In-State Tuition
$51,522
Enrollment
13,760
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
Bethlehem, PA • Private
In-State Tuition
$52,930
Enrollment
5,030
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.0% of managers/partner listed business development on their resume, but soft skills such as management skills and problem-solving skills are important as well.
Zippia allows you to choose from different easy-to-use Manager/Partner templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Manager/Partner resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a manager/partner. The best states for people in this position are California, New Jersey, Washington, and Virginia. Managers/partner make the most in California with an average salary of $126,836. Whereas in New Jersey and Washington, they would average $115,795 and $114,606, respectively. While managers/partner would only make an average of $112,450 in Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. California
$126,836
Avg. Salary
2. New Jersey
$115,795
Avg. Salary
3. New York
$107,451
Avg. Salary
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ managers/partner and discovered their number of manager/partner opportunities and average salary. Through our research, we concluded that Google was the best, especially with an average salary of $140,417. Pearson follows up with an average salary of $69,031, and then comes Meta with an average of $147,818. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a manager/partner. The employers include Veeva Systems, Snowflake Computing, and Zendesk
Yes, managing partners get paid more. A managing partner is involved in and responsible for the day-to-day activities of a firm, whereas a general partner may not be involved in the day-to-day operations. Since the managing partner has the most responsibilities, they are usually paid the highest compared to all partners.
It takes 15 to 20 years to become a managing partner. A managing partner, partner manager, or managing general partner is a person who owns a percentage interest in a partnership or limited liability company while being responsible for actively running the business.
Partner managers get paid approximately $104,000 per year. The entry-level salary for this position rests at approximately $65,000 per year.
However, the top 10% may see a gross salary of $167,000 per year, the national average. These individuals may also receive bonuses and incentives at their employer's discretion.
Yes, a managing partner is an owner. The managing partner is effectively both an owner and a manager. They are involved in high-level discussions creating the company's strategies as an owner.
The difference between a partner and a managing partner is their ownership status within the business. A partner, for example, has ownership interest in a partnership but does not have to manage the business.