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The differences between owner/managers and lead managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an owner/manager and a lead manager. Additionally, a lead manager has an average salary of $101,883, which is higher than the $75,822 average annual salary of an owner/manager.
The top three skills for an owner/manager include financial statements, inventory control and customer service. The most important skills for a lead manager are safety procedures, sales floor, and gross margin.
| Owner/Manager | Lead Manager | |
| Yearly salary | $75,822 | $101,883 |
| Hourly rate | $36.45 | $48.98 |
| Growth rate | 6% | 6% |
| Number of jobs | 303,790 | 385,395 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 52% |
| Average age | 44 | 44 |
| Years of experience | 6 | 6 |
Owners/managers are responsible for establishing a business and managing the operations once the business is running. They plan and make sure that the company has adequate financing. They also handle the initial marketing to get customers. Owners/mangers handle human resources activities, such as hiring and training employees. Once the business has launched, they start delegating activities to other employees and may also start assigning leaders to different departments. However, they still oversee the whole operation. Owners/managers are the top decision-makers and ensure that business strategies align with the goals.
A lead manager is primarily in charge of overseeing the progress of a particular office or department. Although the responsibilities will vary depending on their industry, it will typically revolve around producing progress reports, reviewing documentation and transactions, managing the budget, procuring supplies, and devising strategies to generate leads and reach goals faster. Furthermore, as a lead manager, it is essential to spearhead projects and encourage staff, all while implementing the company's policies and regulations.
Owner/managers and lead managers have different pay scales, as shown below.
| Owner/Manager | Lead Manager | |
| Average salary | $75,822 | $101,883 |
| Salary range | Between $44,000 And $129,000 | Between $73,000 And $140,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | Alaska |
| Best paying company | - | Trulia |
| Best paying industry | - | Retail |
There are a few differences between an owner/manager and a lead manager in terms of educational background:
| Owner/Manager | Lead Manager | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner/managers' and lead managers' demographics:
| Owner/Manager | Lead Manager | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 54.2% Female, 45.8% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.2% Asian, 6.4% White, 67.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |