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Principal vs partner

The differences between principals and partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a principal, becoming a partner takes usually requires 8-10 years. Additionally, a principal has an average salary of $111,719, which is higher than the $76,119 average annual salary of a partner.

The top three skills for a principal include CRM, project management and financial services. The most important skills for a partner are patients, customer service, and healthcare.

Principal vs partner overview

PrincipalPartner
Yearly salary$111,719$76,119
Hourly rate$53.71$36.60
Growth rate5%10%
Number of jobs84,01545,758
Job satisfaction-1
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 59%
Average age4739
Years of experience410

What does a principal do?

A principal is responsible for maintaining the orderliness of the school premises and supervising school operations, enforcing strict safety standards, and reiterating regulatory procedures. Principals' duties also include managing and monitoring school budget and expenses, improving security plans, conducting regular meetings and sharing updates with teachers and other school personnel, creating reports for school funding, and setting academic goals for everyone's compliance. A principal must administer excellent leadership, communication, and decision-making skills to handle major administrative tasks in maintaining the school's growth.

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.

Principal vs partner salary

Principals and partners have different pay scales, as shown below.

PrincipalPartner
Average salary$111,719$76,119
Salary rangeBetween $69,000 And $179,000Between $31,000 And $182,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyKKR & Co. L.P.Sidley Austin
Best paying industryProfessional-

Differences between principal and partner education

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

PrincipalPartner
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Georgia

Principal vs partner demographics

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

PrincipalPartner
Average age4739
Gender ratioMale, 65.6% Female, 34.4%Male, 62.3% Female, 37.7%
Race ratioBlack or African American, 10.9% Unknown, 4.0% Hispanic or Latino, 14.0% Asian, 4.3% White, 66.0% American Indian and Alaska Native, 0.7%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 Percentage16%10%

Differences between principal and partner duties and responsibilities

Principal example responsibilities.

  • Manage all documentation associate with FMLA, ADA, & DOL requests.
  • Develop schedules, payroll, and manage recruiting, hiring and company standards to ensure customer satisfaction.
  • Launch, continue to manage, and act as primary portfolio manager and trader for boutique investment consulting firm.
  • Manage the RFP process for a new medical plan TPA delivering a savings of almost $1MM in fix costs.
  • Achieve 7-digit annual revenues from start-up in one year by capitalizing on accurate niche market gap and consumer demand identification.
  • Manage all human resource matters, including payroll and benefits administration.
  • Show more

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.
  • Show more

Principal vs partner skills

Common principal skills
  • CRM, 7%
  • Project Management, 7%
  • Financial Services, 6%
  • Healthcare, 6%
  • Professional Services, 5%
  • ERP, 5%
Common partner skills
  • Patients, 16%
  • Customer Service, 14%
  • Healthcare, 8%
  • Patient Care, 7%
  • Project Management, 5%
  • Catheter, 5%

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