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The differences between managing partners and operating partners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a managing partner and an operating partner. Additionally, a managing partner has an average salary of $147,401, which is higher than the $93,101 average annual salary of an operating partner.
The top three skills for a managing partner include food handling, cleanliness and customer service. The most important skills for an operating partner are project management, shared services, and digital marketing.
| Managing Partner | Operating Partner | |
| Yearly salary | $147,401 | $93,101 |
| Hourly rate | $70.87 | $44.76 |
| Growth rate | 6% | 6% |
| Number of jobs | 66,916 | 144,208 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
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.
An operating partner coordinates a portfolio company's efforts and serves as the liaison between private equity firms. They typically assess and manage teams, set objectives, establish guidelines and timelines, conduct market research and analyses, and assist teams in developing various operational strategies. They also gather and analyze extensive data, identify the strengths and weaknesses of existing processes, recommend solutions against problem areas, and create methods to optimize operations. Moreover, an operating partner must maintain an active communication line with staff while implementing the company's policies and regulations.
Managing partners and operating partners have different pay scales, as shown below.
| Managing Partner | Operating Partner | |
| Average salary | $147,401 | $93,101 |
| Salary range | Between $83,000 And $259,000 | Between $55,000 And $156,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | Virginia |
| Best paying company | Gartner | Teradata |
| Best paying industry | Construction | Hospitality |
There are a few differences between a managing partner and an operating partner in terms of educational background:
| Managing Partner | Operating Partner | |
| 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 |
Here are the differences between managing partners' and operating partners' demographics:
| Managing Partner | Operating Partner | |
| Average age | 44 | 44 |
| Gender ratio | Male, 79.0% Female, 21.0% | Male, 78.8% Female, 21.2% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |