Owner vs partner

The differences between owners and 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 partner takes usually requires 8-10 years. Additionally, an owner has an average salary of $90,334, which is higher than the $76,119 average annual salary of a partner.

The top three skills for an owner include customer service, payroll and financial statements. The most important skills for a partner are patients, customer service, and healthcare.

Owner vs partner overview

	Owner	Partner
Yearly salary	$90,334	$76,119
Hourly rate	$43.43	$36.60
Growth rate	6%	10%
Number of jobs	86,486	45,758
Job satisfaction	-	1
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 59%
Average age	52	39
Years of experience	-	10

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 partner do?

A business partner is responsible for providing strategies and recommendations on how the business will operate, increasing its revenues while sharing profits. Business partners must have extensive knowledge of how the current market industry works to identify the best decisions for the business. A business partner should also be engaged in suggesting new services and offers that the company might consider for its clients. Business partners must also keep the confidentiality of their partnering business administration at all times.

Owner vs partner salary

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

	Owner	Partner
Average salary	$90,334	$76,119
Salary range	Between $60,000 And $135,000	Between $31,000 And $182,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New Jersey	New York
Best paying company	BP America Inc	Sidley Austin
Best paying industry	-	-

Differences between owner and partner education

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

	Owner	Partner
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Georgia

Owner vs partner demographics

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

	Owner	Partner
Average age	52	39
Gender ratio	Male, 63.1% Female, 36.9%	Male, 62.3% Female, 37.7%
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, 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	12%	10%

Differences between owner and 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.

Partner example responsibilities.

Negotiate interim management agreement for LLC on behalf of managing member in dispute with several other members who invest in company.
Operate and manage a boutique technology and business consultancy with nationwide operating breadth.
Practice all aspects of intellectual property law and manage this boutique intellectual property law practice.
Accomplish matrimonial and defense litigation interrogatory consolidation, memos, motions and other court filings for senior partner.
Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
Design and deploy advanced lightweight information technology solutions, including POS, inventory management, and production-base systems.

Owner vs partner skills

Common owner skills

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

Common partner skills

Patients, 16%
Customer Service, 14%
Healthcare, 8%
Patient Care, 7%
Project Management, 5%
Catheter, 5%