Owner vs managing partner

The differences between owners 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, 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 $90,334 average annual salary of an owner.

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

Owner vs managing partner overview

	Owner	Managing Partner
Yearly salary	$90,334	$147,401
Hourly rate	$43.43	$70.87
Growth rate	6%	6%
Number of jobs	86,486	66,916
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 67%
Average age	52	44
Years of experience	-	6

What does an owner do?

Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.

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.

Owner vs managing partner salary

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

	Owner	Managing Partner
Average salary	$90,334	$147,401
Salary range	Between $60,000 And $135,000	Between $83,000 And $259,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New Jersey	New York
Best paying company	BP America Inc	Gartner
Best paying industry	-	Construction

Differences between owner and managing partner education

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

	Owner	Managing Partner
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Owner vs managing partner demographics

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

	Owner	Managing Partner
Average age	52	44
Gender ratio	Male, 63.1% Female, 36.9%	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, 76.7% 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%

Differences between owner and managing partner duties and responsibilities

Owner example responsibilities.

Manage web content and a PHP / MySQL application.
Create and develop a website to help clients easily manage their instagram account to gain exposure.
Execute all social media marketing and manage the company Facebook page/campaigns.
Manage human resource functions by generating payroll, scheduling and upholding company policies.
License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.

Show more

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

Owner vs managing partner skills

Common owner skills

Customer Service, 25%
Payroll, 17%
Financial Statements, 8%
Product Development, 7%
Real Estate, 3%
Business Development, 3%

Common managing partner skills

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

Owner vs. similar jobs

Owner related careers

Owner related jobs

Owner jobs by location

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