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The differences between owner/managers and managing partners 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 managing partner. Additionally, a managing partner has an average salary of $147,401, 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 managing partner are food handling, cleanliness, and customer service.
| Owner/Manager | Managing Partner | |
| Yearly salary | $75,822 | $147,401 |
| Hourly rate | $36.45 | $70.87 |
| Growth rate | 6% | 6% |
| Number of jobs | 303,790 | 66,916 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 67% |
| 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.
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/managers and managing partners have different pay scales, as shown below.
| Owner/Manager | Managing Partner | |
| Average salary | $75,822 | $147,401 |
| Salary range | Between $44,000 And $129,000 | 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/manager and a managing partner in terms of educational background:
| Owner/Manager | Managing Partner | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between owner/managers' and managing partners' demographics:
| Owner/Manager | Managing Partner | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.0% Female, 41.0% | Male, 79.0% Female, 21.0% |
| 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, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |