What is a Managing Partner?

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.

What Does a Managing Partner Do

There are certain skills that many managing partners 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 leadership skills, management skills and problem-solving skills.

Learn more about what a Managing Partner does

How To Become a Managing Partner

If you're interested in becoming a managing partner, one of the first things to consider is how much education you need. We've determined that 66.8% of managing partners have a bachelor's degree. In terms of higher education levels, we found that 13.2% of managing partners have master's degrees. Even though most managing partners have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Managing Partner
Top Managing Partner Jobs Near You

Managing Partner Career Paths

In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of vice president you might progress to a role such as chief finance officer eventually. Later on in your career, you could end up with the title chief finance and operating officer.

Managing Partner

Average Salary for a Managing Partner

Managing Partners in America make an average salary of $147,401 per year or $71 per hour. The top 10 percent makes over $259,000 per year, while the bottom 10 percent under $83,000 per year.
Average Managing Partner Salary
$147,401 Yearly
$70.87 hourly
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What Am I Worth?

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Roles and Types of Managing Partner

The role of a managing 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 managing partner responsibilities:

  • Serve as internal consultant with our leadership teams across the organization to understand their priorities / challenges,
  • The managing partner will: with oversight from founding partners
  • Managing the entire solution life cycle from strategic planning to tactical agile execution. Specifying market requirements for current

There are several types of managing partner, including:

Manager

Role:

Responsible for overseeing the entire operation, the manager has a lot of responsibility on his/her or her shoulders. When we say the entire operation, we mean planning, directing, and leading the organization.

Managers should expect to work a little more than a normal 40-hour week. Since they're in charge, they're expected to be available. That's why managers end up typically working 50 hours a week, sometimes you may get away with only working 45 hours, though.

The education requirements for managers vary depending on who you work for. You might be required to have a bachelor's degree, but you might also get away with an associate degree. Now, there are some management positions that require a master's degree but, again, it really all depends on where you take your management career.

  • Average Salary: $58,651
  • Degree: Bachelor's Degree

Partner

Role:

The role of a partner varies from organization to organization. What a business partnership entails is defined by the industry the companies are active in, their size, and revenue strategies. A partner has various responsibilities from generating sales to discovering further partnership opportunities and cultivating the existing ones.

There is no one path that leads to becoming a partner manager. It goes without saying that this is not an entry-level position, unless perhaps you are born into a business dynasty. In which case, you would not be browsing job search engines anyway.

So for the rest of us, there is a lot of groundwork and networking that goes into acquiring this position. Needless to say, if you do make it there, it is a lucrative career, with a yearly income averaging anywhere from $68,000 to $133,000.

  • Average Salary: $76,119
  • Degree: Bachelor's Degree

Plant Manager

Role:

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.

  • Average Salary: $113,843
  • Degree: Bachelor's Degree
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States With The Most Managing Partner Jobs

Mouse over a state to see the number of active managing partner jobs in each state. The darker areas on the map show where managing partners earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Managing Partner Jobs By State

RankStateNumber of JobsAverage Salary
1California8,879$153,167
2New York5,916$166,970
3Texas4,321$136,305
4Illinois3,127$133,158
5Pennsylvania2,971$130,615
6Florida2,747$119,357
7Ohio2,085$130,229
8Virginia1,927$132,317
9North Carolina1,893$142,593
10Georgia1,766$130,791
11Arizona1,548$132,481
12Massachusetts1,522$139,765
13Michigan1,432$124,613
14New Jersey1,377$151,994
15Indiana1,278$123,490
16Washington1,008$138,461
17Maryland953$139,682
18West Virginia770$106,416
19South Carolina753$124,291
20Minnesota719$117,282
21Missouri674$100,199
22Colorado636$140,577
23Oregon633$128,762
24Tennessee600$118,122
25Wisconsin552$136,244
26Mississippi530$87,742
27Connecticut488$142,126
28Utah467$110,409
29Nevada464$113,877
30Delaware386$148,641
31Iowa344$120,295
32Kentucky314$119,602
33Arkansas306$109,624
34Kansas301$102,775
35Louisiana256$121,639
36Alabama235$125,079
37Oklahoma213$104,567
38Nebraska195$115,901
39Rhode Island174$132,073
40New Hampshire173$111,255
41Maine157$101,326
42Idaho153$104,964
43Montana152$100,326
44New Mexico137$118,131
45Vermont86$105,022
46Alaska68$119,353
47South Dakota62$138,896
48North Dakota60$118,561
49Hawaii53$71,281
50Wyoming40$118,622

Managing Partner Education

Managing Partner Majors

Business
31.5 %
Finance
7.1 %
Law
6.8 %

Managing Partner Degrees

Bachelors

66.8 %

Masters

13.2 %

Associate

9.3 %

Top Colleges for Managing Partners

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

4. New York University

New York, NY • Private

In-State Tuition

$51,828

Enrollment

26,339

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition

$18,454

Enrollment

40,108

6. University of Texas at Austin

Austin, TX • Private

In-State Tuition

$10,610

Enrollment

40,329

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition

$9,808

Enrollment

13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition

$51,522

Enrollment

13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition

$49,880

Enrollment

4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition

$52,930

Enrollment

5,030

Top Skills For a Managing Partner

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, 20.3% of managing partners listed food handling on their resume, but soft skills such as leadership skills and management skills are important as well.

  • Food Handling, 20.3%
  • Cleanliness, 18.3%
  • Customer Service, 8.6%
  • Financial Statements, 5.3%
  • Regulatory Compliance, 3.6%
  • Other Skills, 43.9%

Choose From 10+ Customizable Managing Partner Resume templates

Zippia allows you to choose from different easy-to-use Managing Partner templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Managing Partner resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Managing Partner diversity

Managing Partner Gender Distribution

Male
Male
79%
Female
Female
21%

After extensive research and analysis, Zippia's data science team found that:

  • Among managing partners, 21.0% of them are women, while 79.0% are men.

  • The most common race/ethnicity among managing partners is White, which makes up 67.1% of all managing partners.

  • The most common foreign language among managing partners is Spanish at 45.7%.

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Best States For a Managing Partner

Some places are better than others when it comes to starting a career as a managing partner. The best states for people in this position are New York, California, New Jersey, and Delaware. Managing partners make the most in New York with an average salary of $166,970. Whereas in California and New Jersey, they would average $153,167 and $151,994, respectively. While managing partners would only make an average of $148,641 in Delaware, 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. New York

Total Managing Partner Jobs: 5,916
Highest 10% Earn:
$253,000
Location Quotient:
2.34

$166,970

Avg. Salary

View 5,916 Managing Partner Jobs In NY

2. Delaware

Total Managing Partner Jobs: 386
Highest 10% Earn:
$234,000
Location Quotient:
1.56

$148,641

Avg. Salary

View 386 Managing Partner Jobs In DE

3. North Carolina

Total Managing Partner Jobs: 1,893
Highest 10% Earn:
$229,000
Location Quotient:
1

$142,593

Avg. Salary

View 1,893 Managing Partner Jobs In NC
Full List Of Best States For Managing Partners

How Do Managing Partners Rate Their Jobs?

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Top Managing Partner Employers

Most Common Employers For Managing Partner

RankCompanyAverage SalaryHourly RateJob Openings
1Romano's Macaroni Grill$190,180$91.4315
2Bonefish Grill$184,195$88.5656
3Biaggi's Ristorante Italiano$180,187$86.6317
4Carrabba's$164,465$79.0792
5Darden Restaurants$148,201$71.25117
6Buca di Beppo$147,760$71.0415
7Texas Roadhouse$143,221$68.8688
8The Capital Grille$131,625$63.2814
9Workday$131,577$63.2616
10Chili's Grill & Bar$122,989$59.13102
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Managing Partner Videos

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Updated April 6, 2023