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Become A Managing Partner

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Working As A Managing Partner

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $207,880

    Average Salary

What Does A Managing Partner Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Managing Partner

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Managing Partner jobs

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Managing Partner Career Paths

Managing Partner
Sales Consultant Senior Sales Representative
Account Manager
5 Yearsyrs
Controller Operations Manager
Branch Manager
6 Yearsyrs
Operations Director Chief Operating Officer
Chief Executive Officer
8 Yearsyrs
Operations Director President Of Operations
Chief Operating Officer
11 Yearsyrs
Sales Consultant Sales Manager
Director Of Sales
10 Yearsyrs
Managing Director Board Of Directors Member
General Manager
7 Yearsyrs
Adjunct Professor Development Manager
National Account Manager
8 Yearsyrs
Senior Project Manager Program Director
Operations Director
9 Yearsyrs
Managing Director Marketing Consultant
Operations Manager
7 Yearsyrs
Business Consultant Senior Project Manager
President Of Operations
11 Yearsyrs
Controller General Manager
Regional Vice President
11 Yearsyrs
Business Consultant Business Development Manager
Senior Account Manager
7 Yearsyrs
Adjunct Professor Senior Project Manager
Senior Product Manager
9 Yearsyrs
Recruiter Property Manager
Senior Property Manager
8 Yearsyrs
Director Of Food And Beverage Director Of Sales
Senior Vice President, Sales
14 Yearsyrs
Real Estate Agent Account Manager
Strategic Accounts Manager
9 Yearsyrs
Recruiter Senior Recruiter
Talent Acquisition Manager
9 Yearsyrs
Senior Project Manager President Of Operations
Vice President & General Manager
12 Yearsyrs
Property Manager Director Of Sales
Vice President Of Sales & Operations
12 Yearsyrs
Marketing Consultant Director, Product Marketing
Vice President, Product Management
13 Yearsyrs
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Average Length of Employment
President/Owner 7.8 years
Owner/Manager 6.7 years
Owner/Operator 6.4 years
Business Owner 5.8 years
Co-Owner/Partner 5.7 years
Managing Owner 5.7 years
Managing Partner 5.0 years
General Manager 4.8 years
Operating Partner 4.6 years
Principal 4.5 years
Managing Director 4.4 years
Vice President 4.3 years
Division Manager 4.3 years
Branch Manager 4.2 years
Operations Manager 4.1 years
Managing Member 4.0 years
Partner 3.9 years
Co-Owner/Operator 3.0 years
Top Employers Before
Manager 7.0%
President 4.8%
Director 4.5%
Owner 4.1%
Consultant 4.1%
Partner 3.9%
Associate 2.8%
Top Employers After
Owner 7.4%
Manager 5.9%
President 5.4%
Consultant 5.4%
Partner 3.7%
Director 3.4%
Principal 3.4%

Managing Partner Demographics

Gender

Male

72.4%

Female

25.0%

Unknown

2.6%
Ethnicity

White

80.2%

Hispanic or Latino

9.1%

Asian

7.8%

Unknown

2.2%

Black or African American

0.7%
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Languages Spoken

Spanish

45.8%

French

10.3%

Chinese

5.6%

German

5.6%

Mandarin

4.8%

Italian

4.6%

Portuguese

4.2%

Russian

3.8%

Carrier

3.4%

Cantonese

2.2%

Japanese

2.2%

Arabic

1.4%

Korean

1.2%

Hebrew

1.0%

Greek

0.8%

Vietnamese

0.6%

Hindi

0.6%

Bengali

0.6%

Filipino

0.6%

Swedish

0.4%
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Managing Partner Education

Schools

University of Phoenix

13.3%

University of Southern California

6.0%

University of Houston

5.5%

Michigan State University

5.5%

Georgia State University

5.5%

New York University

5.2%

Northeastern University

5.1%

Florida International University

4.7%

University of Arizona

4.7%

University of California - Los Angeles

4.3%

Villanova University

4.2%

Cornell University

4.2%

Southern Methodist University

4.2%

University of Georgia

4.2%

Arizona State University

4.0%

Temple University

3.9%

Harvard University

3.9%

University of Texas at Austin

3.9%

Pennsylvania State University

3.9%

Syracuse University

3.8%
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Majors

Business

33.9%

Law

9.2%

Finance

8.4%

Marketing

7.1%

Management

5.5%

Accounting

5.1%

Political Science

4.1%

Communication

3.7%

Psychology

3.0%

Economics

2.8%

Computer Science

2.7%

Education

2.2%

Hospitality Management

1.9%

Criminal Justice

1.7%

English

1.6%

Liberal Arts

1.6%

Human Resources Management

1.5%

Electrical Engineering

1.4%

Legal Research And Advanced Professional Studies

1.3%

History

1.3%
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Degrees

Bachelors

40.2%

Masters

22.3%

Other

20.8%

Doctorate

7.6%

Associate

5.1%

Certificate

3.1%

Diploma

0.6%

License

0.4%
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Real Managing Partner Salaries

Job Title Company Location Start Date Salary
Managing Partner The Column Group, LLC San Francisco, CA Jan 01, 2010 $600,000
Managing Partner 3G Capital, Inc. New York, NY Mar 20, 2011 $600,000
Managing Partner 3G Capital Inc. New York, NY Mar 20, 2012 $600,000
Managing Partner Funding Gates Corporation New York, NY Aug 21, 2009 $516,000
Management Partner Adrian Smith & Gordon Gill, LLP Chicago, IL Nov 01, 2009 $400,799
Management Partner Adrian Smith + Gordon Gill, LLP Chicago, IL Nov 01, 2009 $400,799
Managing Partner Prostar Investments (Us) LLC Greenwich, CT Jun 15, 2014 $300,000 -
$450,000
Managing Partner Prostar Capital (Us) LLC Greenwich, CT Jun 15, 2014 $300,000 -
$450,000
Managing Partner GOPA It Consultants Inc. San Mateo, CA Jan 09, 2016 $300,000
Managing Partner Chiomenti Studio Legale, LLC New York, NY Jan 16, 2012 $300,000
Managing Partner Authentic Brands Group LLC New York, NY Dec 01, 2010 $300,000
Managing Partner Prostar Investments (Us) LLC Greenwich, CT Aug 01, 2012 $300,000 -
$450,000
Managing Partner Nutri Ventures (USA) Inc. New York, NY Sep 15, 2015 $243,600
Partner, Lifecycle Management Rosetta Marketing Group, LLC New York, NY Jun 05, 2014 $240,000
Managing Partner Cosimo Venture Partners Inc. Beverly, MA Sep 10, 2015 $240,000
Managing Partner/Head of Oil Brokerage LCM Commodities, LLC New York, NY Dec 12, 2016 $231,899
Managing Partner BCP Acquisition Corporation New York, NY Sep 14, 2013 $225,000
Managing Partner BCP Acquisition Corporation-Berlin Cameron New York, NY Jul 24, 2012 $225,000
Managing Partner/Head of Natural Gas Derivatives Desk LCM Commodities, LLC New York, NY Dec 12, 2016 $187,491
Managing Partner Proactive Dealer Solutions LLC Huntersville, NC Jan 05, 2013 $180,000
Managing Partner Formation8 Partners LLC Palo Alto, CA Jul 01, 2015 $168,140 -
$300,000
Co-Managing Partner Farallon Capital Management, L.L.C. San Francisco, CA Jan 04, 2010 $167,440 -
$300,000
Managing Partner Proactive Dealer Solutions LLC Huntersville, NC Jan 05, 2013 $166,522 -
$180,588
Managing Partner Formation8 Partners LLC Palo Alto, CA Jul 01, 2012 $166,400 -
$300,000

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Top Skills for A Managing Partner

FinancialServicesStrategicPartnershipsProductDevelopmentRealEstateBusinessDevelopmentPayrollCustomerServiceComplianceBusinessPlanA/PWebProjectManagementDailyOperationsSafetyLLCSmallBusinessLossHumanResourcesAdditionalHealthcare

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Top Managing Partner Skills

  1. Financial Services
  2. Strategic Partnerships
  3. Product Development
You can check out examples of real life uses of top skills on resumes here:
  • Formalized a strategic planning program and led management through the planning process for a $400 million financial services company.
  • Conceived and executed targeted marketing campaigns, partnerships with key technology vendors and other strategic partnerships.
  • Program manager of deployments and product development.
  • Represented and counseled developers, purchasers, sellers, tenants and landlords in all aspects of commercial real estate transactions.
  • Staffed and supervised paralegals for all legal and business development projects.

Top Managing Partner Employers

Managing Partner Videos

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Fred Wilson, Managing Partner, Union Square Ventures

A day in the life of David Kenny, Managing Partner, VivaKi

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