Managing partner vs managing member

The differences between managing partners and managing members can be seen in a few details. Each job has different responsibilities and duties. Additionally, a managing partner has an average salary of $147,401, which is higher than the $92,537 average annual salary of a managing member.

The top three skills for a managing partner include food handling, cleanliness and customer service. The most important skills for a managing member are financial statements, real estate, and payroll.

Managing partner vs managing member overview

	Managing Partner	Managing Member
Yearly salary	$147,401	$92,537
Hourly rate	$70.87	$44.49
Growth rate	6%	6%
Number of jobs	66,916	26,657
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 63%
Average age	44	47
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 managing member do?

A managing member is an individual who has an ownership interest of a limited liability company (LLC) and is involved in its daily management. Managing members have an authoritative position that allows them to represent the company in contract negotiations and agree to the terms of a binding contract. They can purchase and sell properties owned by the company and can hire or terminate employees. Managing members also receive salaries and are not entitled to share in the profit or loss of the company.

Managing partner vs managing member salary

Managing partners and managing members have different pay scales, as shown below.

	Managing Partner	Managing Member
Average salary	$147,401	$92,537
Salary range	Between $83,000 And $259,000	Between $49,000 And $172,000
Highest paying City	New York, NY	San Jose, CA
Highest paying state	New York	Connecticut
Best paying company	Gartner	Memorial Sloan Kettering Cancer Center
Best paying industry	Construction	Government

Differences between managing partner and managing member education

There are a few differences between a managing partner and a managing member in terms of educational background:

	Managing Partner	Managing Member
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Managing partner vs managing member demographics

Here are the differences between managing partners' and managing members' demographics:

	Managing Partner	Managing Member
Average age	44	47
Gender ratio	Male, 79.0% Female, 21.0%	Male, 69.2% Female, 30.8%
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, 7.6% Unknown, 4.7% Hispanic or Latino, 12.7% Asian, 8.9% White, 65.5% American Indian and Alaska Native, 0.7%
LGBT Percentage	10%	10%

Differences between managing partner and managing member 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.

Show more

Managing member example responsibilities.

Founded, develop and manage a playwriting group for NYC playwrights.
Manage concurrent projects locate across multiple time zones during daytime and off-hours maintenance windows.
Manage marketing and social media marketing activities, as well as company's e-commerce business and daily operations.
Form and manage an LLC for the manufacturing, sales, and distribution of an extremely unique line of magnetic jewelry.
Manage a portfolio of web assets on a part-time basis including e-commerce, video production services and a San Antonio blog.
Manage the day to day operation/financial operations of Medicare certify home health agency.

Show more

Managing partner vs managing member skills

Common managing partner skills

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

Common managing member skills

Financial Statements, 14%
Real Estate, 11%
Payroll, 8%
Business Development, 6%
Product Development, 5%
R, 4%

Managing Partner vs. similar jobs

Managing Partner related careers

Managing Partner related jobs

What similar roles do

Updated January 8, 2025

Browse executive management jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z