Managing partner vs chief operating officer

The differences between managing partners and chief operating officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a managing partner, becoming a chief operating officer takes usually requires More than 10 years. Additionally, a managing partner has an average salary of $147,401, which is higher than the $136,604 average annual salary of a chief operating officer.

The top three skills for a managing partner include food handling, cleanliness and customer service. The most important skills for a chief operating officer are healthcare, customer service, and oversight.

Managing partner vs chief operating officer overview

	Managing Partner	Chief Operating Officer
Yearly salary	$147,401	$136,604
Hourly rate	$70.87	$65.67
Growth rate	6%	6%
Number of jobs	66,916	128,993
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 65%
Average age	44	52
Years of experience	6	-

What does a managing partner do?

The primary role of managing partners is to manage a company's day-to-day operations and provide overall strategic and administrative decisions. They have to maintain positive client relations and consult and collaborate with other employees, executives, and board members. They are also responsible for overseeing recruitment activities, determining improvement gaps, and administering corrective measures. To be qualified for this position, one should have a degree in business administration or a related field, excellent leadership and communication skills, and a healthy analytical and strategic mindset.

What does a chief operating officer do?

A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.

Managing partner vs chief operating officer salary

Managing partners and chief operating officers have different pay scales, as shown below.

	Managing Partner	Chief Operating Officer
Average salary	$147,401	$136,604
Salary range	Between $83,000 And $259,000	Between $81,000 And $229,000
Highest paying City	New York, NY	Jersey City, NJ
Highest paying state	New York	New Jersey
Best paying company	Gartner	Baker McKenzie
Best paying industry	Construction	Manufacturing

Differences between managing partner and chief operating officer education

There are a few differences between a managing partner and a chief operating officer in terms of educational background:

	Managing Partner	Chief Operating Officer
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Managing partner vs chief operating officer demographics

Here are the differences between managing partners' and chief operating officers' demographics:

	Managing Partner	Chief Operating Officer
Average age	44	52
Gender ratio	Male, 79.0% Female, 21.0%	Male, 76.6% Female, 23.4%
Race ratio	Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.5% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6%
LGBT Percentage	10%	12%

Differences between managing partner and chief operating officer duties and responsibilities

Managing partner example responsibilities.

Manage website, eBay, and Facebook marketing, as well as vendor relations and cross-marketing with vendors.
Manage daily operations, including office administration, accounts-payable, accounts-receivable, and payroll processing.
Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.
Perform all business development, sales, marketing, basic web design and SEO; administrative operations and actual event performance.
Create and develop internet presence via website and FaceBook.

Chief operating officer example responsibilities.

Manage the RFP process and present investment packages to local and regional lenders to procure acquisition and long term debt financing.
Develop and integrate care services, achieve and maintain JCAHO accreditation.
Attain ISO registration, resulting in excellent documentation and adherence to operational and administrative process controls.
Manage the implementation of a new supply base global ERP system that reduce inventory and enable just-in-time delivery.
Establish, manage and coordinate activities of this start-up management company specializing in turning around trouble health insurance plans.
Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.

Managing partner vs chief operating officer skills

Common managing partner skills

Food Handling, 20%
Cleanliness, 18%
Customer Service, 9%
Financial Statements, 5%
Regulatory Compliance, 4%
POS, 4%

Common chief operating officer skills

Healthcare, 11%
Customer Service, 8%
Oversight, 7%
Financial Management, 7%
Business Strategies, 6%
Human Resources, 6%

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Managing Partner
Managing Partner vs Chief Operating Officer

Updated January 8, 2025

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