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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 | Partner | |
| Yearly salary | $111,719 | $76,119 |
| Hourly rate | $53.71 | $36.60 |
| Growth rate | 5% | 10% |
| Number of jobs | 84,015 | 45,758 |
| Job satisfaction | - | 1 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 59% |
| Average age | 47 | 39 |
| Years of experience | 4 | 10 |
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.
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.
Principals and partners have different pay scales, as shown below.
| Principal | Partner | |
| Average salary | $111,719 | $76,119 |
| Salary range | Between $69,000 And $179,000 | Between $31,000 And $182,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | KKR & Co. L.P. | Sidley Austin |
| Best paying industry | Professional | - |
There are a few differences between a principal and a partner in terms of educational background:
| Principal | Partner | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between principals' and partners' demographics:
| Principal | Partner | |
| Average age | 47 | 39 |
| Gender ratio | Male, 65.6% Female, 34.4% | Male, 62.3% Female, 37.7% |
| Race ratio | Black 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 Percentage | 16% | 10% |