What is a Partner

The role of a partner varies from organization to organization. What a business partnership entails is defined by the industry the companies are active in, their size, and revenue strategies. A partner has various responsibilities from generating sales to discovering further partnership opportunities and cultivating the existing ones.

There is no one path that leads to becoming a partner manager. It goes without saying that this is not an entry-level position, unless perhaps you are born into a business dynasty. In which case, you would not be browsing job search engines anyway.

So for the rest of us, there is a lot of groundwork and networking that goes into acquiring this position. Needless to say, if you do make it there, it is a lucrative career, with a yearly income averaging anywhere from $68,000 to $133,000.

There is more than meets the eye when it comes to being a Partner. For example, did you know that they make an average of $58.64 an hour? That's $121,978 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Partner Do

There are certain skills that many Partners have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Creativity, Organizational skills and Interpersonal skills.

Learn more about what a Partner does

How To Become a Partner

If you're interested in becoming a Partner, one of the first things to consider is how much education you need. We've determined that 58.8% of Partners have a bachelor's degree. In terms of higher education levels, we found that 11.0% of Partners have master's degrees. Even though most Partners have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Partner. When we researched the most common majors for a Partner, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Partner resumes include Doctoral Degree degrees or Associate Degree degrees.

You may find that experience in other jobs will help you become a Partner. In fact, many Partner jobs require experience in a role such as Associate. Meanwhile, many Partners also have previous career experience in roles such as Internship or Vice President.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. A.T. Kearney Jobs (23)
  2. PricewaterhouseCoopers Jobs (48)
  3. Ernst & Young Jobs (50)
  4. McKinsey & Company Inc Jobs (37)
  5. Accenture Jobs (26)
Average Salary
$121,978
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
70,237
Job Openings
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Partner Career Paths

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Average Salary for a Partner

Partners in America make an average salary of $121,978 per year or $59 per hour. The top 10 percent makes over $258,000 per year, while the bottom 10 percent under $57,000 per year.
Average Salary
$121,978
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12 Partner Resume Examples

Learn How To Write a Partner Resume

At Zippia, we went through countless Partner resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Partner Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. A.T. Kearney Jobs (23)
  2. PricewaterhouseCoopers Jobs (48)
  3. Ernst & Young Jobs (50)
  4. McKinsey & Company Inc Jobs (37)
  5. Accenture Jobs (26)

Choose From 10+ Customizable Partner Resume templates

Zippia allows you to choose from different easy-to-use Partner templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Partner resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume
Partner Resume

Partner Demographics

Partner Gender Statistics

male

62.3 %

female

37.7 %

Partner Ethnicity Statistics

White

71.5 %

Hispanic or Latino

11.8 %

Asian

9.7 %

Partner Foreign Languages Spoken Statistics

Spanish

45.6 %

French

13.6 %

Mandarin

5.5 %
Job Openings

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Partner Education

Partner Majors

22.6 %
13.9 %

Partner Degrees

Bachelors

58.8 %

Masters

11.0 %

Doctorate

10.9 %

Top Colleges for Partners

1. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

2. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

5. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

6. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

7. Ohio State University

Columbus, OH • Private

In-State Tuition
$10,726
Enrollment
45,769

8. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

9. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

10. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451
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Online Courses For Partner That You May Like

Human Resources (HR) as a Business Partner
udemy
4
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This course provides valuable information on how Human Resource Business Partnering (HRBP) operates in practice...

Customer Service, Customer Support, And Customer Experience
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Customer service, customer support, and customer experience training. Loyal clients through world-class customer service...

Start Improving Customer Service
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Creating a Customer Service advantage in Your department or business through communication and Customer Management...

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Top Skills For a Partner

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.0% of Partners listed Customer Service on their resume, but soft skills such as Creativity and Organizational skills are important as well.

  • Customer Service, 15.0%
  • Communication, 12.1%
  • Healthcare, 7.7%
  • Patient Care, 7.4%
  • RN, 5.5%
  • Other Skills, 52.3%

Best States For a Partner

Some places are better than others when it comes to starting a career as a Partner. The best states for people in this position are Washington, New York, Connecticut, and Oregon. Partners make the most in Washington with an average salary of $140,419. Whereas in New York and Connecticut, they would average $136,472 and $131,584, respectively. While Partners would only make an average of $126,864 in Oregon, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Partner Jobs:
1,167
Highest 10% Earn:
$235,000
Location Quotient:
1.6
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Washington

Total Partner Jobs:
608
Highest 10% Earn:
$227,000
Location Quotient:
1.47
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. District of Columbia

Total Partner Jobs:
144
Highest 10% Earn:
$234,000
Location Quotient:
1.51
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Partners

How Do Partner Rate Their Jobs?

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1.0

A Hard Climb for $$$September 2019

1.0

Zippia Official LogoA Hard Climb for $$$September 2019

What do you like the most about working as Partner?

Independence in working when I want and litigating cases I want to handle. Show More

What do you NOT like?

Business development sucks. Hard to have a life, litigate a full caseload, and then be expected to bring in new clients constantly. The business side is horrible for those who just want to practice law. Show More

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Top Partner Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Partners and discovered their number of Partner opportunities and average salary. Through our research, we concluded that Stewart's Shops was the best, especially with an average salary of $45,449. Starbucks follows up with an average salary of $155,099, and then comes Uber Technologies with an average of $95,887. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Partner. The employers include Flagstar Bank, Pfizer, and Gartner

Partner Videos

Becoming a Partner FAQs

How hard is it to become a partner at a Big 4 company?

Yes, it's hard to become a partner at a Big Four company. Becoming a partner at a Big Four firm is highly competitive because of the perceived status, undoubted financial rewards, and an endorsement of one's skills and experience in the accounting profession that comes with working as a partner in a Big Four company.

First of all, the Big Four accounting firms attract bright and ambitious people, and the competition for these positions is fierce. Most people take ten to 15 years to become a partner at a Big Four, which includes working 50 to 70 hours a week as a standard.

During this decade-plus journey, the path towards a partnership will be a long winding one that is complex and full of many hoops that will need to be jumped. Only one out of five senior managers make it to partner.

The main hoops that you need to jump through are:

  • To keep performing in order to progress. If you're hitting or exceeding your targets, you will move up the ranks. If you're not - and we are talking about only one or two or quarters of lower performance after many years, this can be enough cause for termination.

  • Develop a strong business case -- as you progress from manager to senior manager, you'll need to cultivate a winning business case that can demonstrate your value as a partner.

  • Make it through the partnership admissions process gauntlet -- three or more partnership panel interviews at sector team and geography levels.

Learn more about this question

How long does it take to become a partner at Big 4?

It takes 15 to 20 years to become a partner at Big Four. When starting your career, it may take several years of work experience before landing an entry-level position at a Big Four. After that, it takes at least ten to 15 additional years of Big Four managerial experience before being eligible for a partnership at a Big Four.

The reason why it can take this long are many:

  • Big Four partners need to normally build up a $2m+ client portfolio before they are considered ready for partnership. This size of client portfolio takes time to build.

  • Most of the Big Four type of work is often won by very senior decision-makers in large corporations. Therefore it takes a certain amount of technical competence, gravitas, and authority before you can get to the point where you're able to cultivate these types of relationships.

  • Big Four partners require many years of work experience in order to gain the skills needed to move, from being technically competent to being able to lead a team in one of the Big Four companies.

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How long does it take to become a partner?

It takes ten to 15 years to become a partner. This is the time it takes for someone to typically become a partner at the Big Four, either at the national or regional firm. This does not include the time needed to earn a college degree.

One factor that impacts how long it will take to become a partner is the size of the firm that you work at. Smaller firms, for example, can offer young CPAs a quicker path to partner because there are fewer levels of seniority to climb your way up through.

It also takes many years to learn the skills needed to become a successful partner. A prospective partner, for example, should be highly technically competent and specialized. A real go-getter who seeks out challenging projects, the ones no one wants, and who takes ownership of the project and knocks it out of the park.

Developing a reputation as a rainmaker also can help young CPAs reach partners earlier than usual. A lot of your ability to make partnerships will come down to whether or not you're exceeding expectations and targets and your ability to network and engage with others within the leadership team.

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What does it mean to be made a partner?

To be a partner means that you go from being an employee of the firm (and being paid a salary) to becoming a part-owner of the firm and sharing in the firm's profits (and liabilities). However, this is not always the case. Because of changes in the law industry, what it means to be a partner has changed.

The majority of those who achieve the position of partner with their firm become non-equity partners. This is a relatively new concept in the legal field.

There are different tiers of partnership in most law firms now, which means less job security for non-equity partners. As a partner, they are still expected to bring in a certain amount of business to the firm just like non-equity partners are expected to. If the non-equity partners do not bring in enough new business, they can be dismissed from the firm.

Non-equity partners are essentially middle management and equity-partners-in-training. They get a bigger salary than regular lawyers and a nicer-sounding title, but in most other ways are not any different than non-partner lawyers.

On the other hand, equity partners do have job security. It means you are performing consistently at the level your law firm expects, and as long as you continue to do so, your job is secure.

Once someone is made an equity partner, they are given a loan to "buy-in" to the firm. This means they become a part-owner and get part of the firm's profits in addition to their salary. The cost to "buy-in" is usually in the tens of thousands of dollars.

Those who can afford to pay it on their own can do so without getting a loan from the firm. Equity partners, in this light, are more invested in the success of the firm because they have a financial stake in it. When the firm does well financially, they do well financially and vice versa.

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