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The differences between partners and product managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a partner and a product manager. Additionally, a product manager has an average salary of $111,729, 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 product manager are product management, QA, and product strategy.
| Partner | Product Manager | |
| Yearly salary | $76,119 | $111,729 |
| Hourly rate | $36.60 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 45,758 | 125,678 |
| Job satisfaction | 1 | 5 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Partners and product managers have different pay scales, as shown below.
| Partner | Product Manager | |
| Average salary | $76,119 | $111,729 |
| Salary range | Between $31,000 And $182,000 | Between $81,000 And $152,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Sidley Austin | Meta |
| Best paying industry | - | Retail |
There are a few differences between a partner and a product manager in terms of educational background:
| Partner | Product Manager | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between partners' and product managers' demographics:
| Partner | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.3% Female, 37.7% | Male, 65.3% Female, 34.7% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |