Partner vs managing partner

The differences between partners and managing partners 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 partner takes usually requires 4-6 years. Additionally, a managing partner has an average salary of $147,401, 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 partner are food handling, cleanliness, and customer service.

Partner vs managing partner overview

	Partner	Managing Partner
Yearly salary	$76,119	$147,401
Hourly rate	$36.60	$70.87
Growth rate	10%	6%
Number of jobs	45,758	66,916
Job satisfaction	1	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 67%
Average age	39	44
Years of experience	10	6

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 partner do?

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.

Partner vs managing partner salary

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

	Partner	Managing Partner
Average salary	$76,119	$147,401
Salary range	Between $31,000 And $182,000	Between $83,000 And $259,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Sidley Austin	Gartner
Best paying industry	-	Construction

Differences between partner and managing partner education

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

	Partner	Managing Partner
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Georgia	University of Pennsylvania

Partner vs managing partner demographics

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

	Partner	Managing Partner
Average age	39	44
Gender ratio	Male, 62.3% Female, 37.7%	Male, 79.0% Female, 21.0%
Race ratio	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%	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%

Differences between partner and managing partner 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 partner example responsibilities.

Manage website, eBay, and Facebook marketing, as well as vendor relations and cross-marketing with vendors.
Manage daily operations, including office administration, accounts-payable, accounts-receivable, and payroll processing.
Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.
Perform all business development, sales, marketing, basic web design and SEO; administrative operations and actual event performance.
Create and develop internet presence via website and FaceBook.

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Partner vs managing partner skills

Common partner skills

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

Common managing partner skills

Food Handling, 20%
Cleanliness, 18%
Customer Service, 9%
Financial Statements, 5%
Regulatory Compliance, 4%
POS, 4%

Partner vs. similar jobs

Partner related careers

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Partner jobs by location

Updated January 8, 2025

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