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The differences between principal associates and senior associates can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a principal associate and a senior associate. Additionally, a principal associate has an average salary of $112,879, which is higher than the $83,034 average annual salary of a senior associate.
The top three skills for a principal associate include healthcare, project management and business development. The most important skills for a senior associate are project management, business development, and powerpoint.
| Principal Associate | Senior Associate | |
| Yearly salary | $112,879 | $83,034 |
| Hourly rate | $54.27 | $39.92 |
| Growth rate | 5% | 8% |
| Number of jobs | 40,128 | 54,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 65% |
| Average age | 47 | 44 |
| Years of experience | 4 | 4 |
Principal associates work within the education system, having responsibility over students, teachers, counselors, and other staff members. This particular career choice also requires excellent skills in project management, communication, leadership, critical thinking, and decision-making, and those who aspire to this career will be needed to develop business opportunities, securing funding and other resources for the school.
The Responsibilities of a Senior Associate will depend on the line of organization or industry. Most of the time, the duties will revolve around conducting various testing and assessments, planning and analysis, developing innovative solutions to boost company productivity, and keeping an organized flow of documentation. Furthermore, it is the responsibility of a Senior to Associate to lead a team of skilled professionals and shape them with extensive knowledge while adhering to its policies and regulations.
Principal associates and senior associates have different pay scales, as shown below.
| Principal Associate | Senior Associate | |
| Average salary | $112,879 | $83,034 |
| Salary range | Between $78,000 And $162,000 | Between $56,000 And $121,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | McKinsey & Company Inc | Sheppard Mullin Richter & Hampton |
| Best paying industry | - | Finance |
There are a few differences between a principal associate and a senior associate in terms of educational background:
| Principal Associate | Senior Associate | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between principal associates' and senior associates' demographics:
| Principal Associate | Senior Associate | |
| Average age | 47 | 44 |
| Gender ratio | Male, 63.5% Female, 36.5% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 9.3% Unknown, 4.0% Hispanic or Latino, 14.1% Asian, 4.3% White, 67.5% American Indian and Alaska Native, 0.7% | Black or African American, 10.5% Unknown, 6.5% Hispanic or Latino, 15.8% Asian, 6.2% White, 60.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 16% | 12% |