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Partner vs managing director

The differences between partners and managing directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a partner, becoming a managing director takes usually requires 4-6 years. Additionally, a managing director has an average salary of $129,690, which is higher than the $76,119 average annual salary of a partner.

The top three skills for a partner include patients, customer service and healthcare. The most important skills for a managing director are healthcare, portfolio, and business development.

Partner vs managing director overview

PartnerManaging Director
Yearly salary$76,119$129,690
Hourly rate$36.60$62.35
Growth rate10%6%
Number of jobs45,75881,022
Job satisfaction1-
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 68%
Average age3944
Years of experience106

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.

What does a managing director do?

A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.

Partner vs managing director salary

Partners and managing directors have different pay scales, as shown below.

PartnerManaging Director
Average salary$76,119$129,690
Salary rangeBetween $31,000 And $182,000Between $72,000 And $233,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companySidley AustinPaul, Weiss, Rifkind, Wharton & Garrison
Best paying industry-Finance

Differences between partner and managing director education

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

PartnerManaging Director
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Pennsylvania

Partner vs managing director demographics

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

PartnerManaging Director
Average age3944
Gender ratioMale, 62.3% Female, 37.7%Male, 73.5% Female, 26.5%
Race ratioBlack 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%Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between partner and managing director duties and responsibilities

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.
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Managing director example responsibilities.

  • Create and manage the social media presence via a festival page on Facebook.
  • Manage all consulting resources and have overall P/L responsibilities for the Atlanta office.
  • Manage the lessee and lessor relationships regarding exchange seat leases with major markets, such as NYSE, AMEX, CBOE.
  • Manage denials and expedite managed care appeals (reimbursement reconsideration).
  • Manage payroll processing for thousands of industrial temporary workers and bill respective clients.
  • Manage the Ketera SaaS relationship for IBM with engagement development and profitability responsibilities.
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Partner vs managing director skills

Common partner skills
  • Patients, 16%
  • Customer Service, 14%
  • Healthcare, 8%
  • Patient Care, 7%
  • Project Management, 5%
  • Catheter, 5%
Common managing director skills
  • Healthcare, 7%
  • Portfolio, 7%
  • Business Development, 6%
  • Oversight, 6%
  • Project Management, 5%
  • Customer Service, 5%

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