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The differences between owner and chief executive officers and managing partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an owner and chief executive officer, becoming a managing partner takes usually requires 4-6 years. Additionally, a managing partner has an average salary of $147,401, which is higher than the $91,613 average annual salary of an owner and chief executive officer.
The top three skills for an owner and chief executive officer include web design, payroll and financial management. The most important skills for a managing partner are food handling, cleanliness, and customer service.
| Owner And Chief Executive Officer | Managing Partner | |
| Yearly salary | $91,613 | $147,401 |
| Hourly rate | $44.04 | $70.87 |
| Growth rate | 6% | 6% |
| Number of jobs | 198,481 | 66,916 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 67% |
| Average age | 52 | 44 |
| Years of experience | - | 6 |
A business owner can function as the chief executive officer (CEO) of his/her /her own company. Primarily, business owners derive their income or profit from business operations regardless of whether they are participating in its management. A CEO can be a paid executive whose primary job is to guide a company's day-to-day business activities. Owners are responsible for overseeing their company's ongoing evolution while a CEO's primary role is to control these activities. The CEO also develops strategies and tactics and communicates the company's direction to both employees and managers.
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.
Owner and chief executive officers and managing partners have different pay scales, as shown below.
| Owner And Chief Executive Officer | Managing Partner | |
| Average salary | $91,613 | $147,401 |
| Salary range | Between $65,000 And $127,000 | Between $83,000 And $259,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Gartner |
| Best paying industry | - | Construction |
There are a few differences between an owner and chief executive officer and a managing partner in terms of educational background:
| Owner And Chief Executive Officer | Managing Partner | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner and chief executive officers' and managing partners' demographics:
| Owner And Chief Executive Officer | Managing Partner | |
| Average age | 52 | 44 |
| Gender ratio | Male, 68.8% Female, 31.2% | Male, 79.0% Female, 21.0% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 12% | 10% |