Managing partner vs senior partner

The differences between managing partners and senior partners 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 senior partner takes usually requires 8-10 years. Additionally, a managing partner has an average salary of $147,401, which is higher than the $118,406 average annual salary of a senior partner.

The top three skills for a managing partner include food handling, cleanliness and customer service. The most important skills for a senior partner are excellent organizational, lead generation, and ROI.

Managing partner vs senior partner overview

	Managing Partner	Senior Partner
Yearly salary	$147,401	$118,406
Hourly rate	$70.87	$56.93
Growth rate	6%	10%
Number of jobs	66,916	54,052
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 62%
Average age	44	39
Years of experience	6	10

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 senior partner do?

A Senior Partner is responsible for implementing corporate decisions alongside the senior management that would benefit the company's performance to achieve long-term goals and objectives. Senior Partners monitor business operations and strategize techniques that would benefit the company's growth. They also maintain and manage client relationships, develop policies, and coordinate with other board members to ensure the highest client satisfaction. A Senior Partner must have excellent communication and leadership skills to identify process improvement processes and overseeing business transactions.

Managing partner vs senior partner salary

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

	Managing Partner	Senior Partner
Average salary	$147,401	$118,406
Salary range	Between $83,000 And $259,000	Between $90,000 And $154,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New York	California
Best paying company	Gartner	McKinsey & Company Inc
Best paying industry	Construction	Media

Differences between managing partner and senior partner education

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

	Managing Partner	Senior Partner
Most common degree	Bachelor's Degree, 67%	Bachelor's Degree, 62%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Georgia

Managing partner vs senior partner demographics

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

	Managing Partner	Senior Partner
Average age	44	39
Gender ratio	Male, 79.0% Female, 21.0%	Male, 63.1% Female, 36.9%
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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2%
LGBT Percentage	10%	10%

Differences between managing partner and senior partner 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.

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Senior partner example responsibilities.

Founded and manage a successful CIO consulting firm.
Lead to successful portfolio consolidation plan of systems into a single platform solution.
Recruit, train and manage ISO partnerships with low to high risk portfolios.
Plan, develop, and manage SOX and outsource internal audit engagements for community base banks and non-profit clients.
Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
Task with project delivery, systems analysis, environmental architecture, business process analysis and testing strategy.

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Managing partner vs senior partner skills

Common managing partner skills

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

Common senior partner skills

Excellent Organizational, 11%
Lead Generation, 10%
ROI, 9%
Channel Marketing, 7%
Healthcare, 5%
Project Management, 5%

Managing Partner vs. similar jobs

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Updated January 8, 2025

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