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The differences between principals and principal 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 and a principal associate. Additionally, a principal associate has an average salary of $112,879, which is higher than the $111,719 average annual salary of a principal.
The top three skills for a principal include CRM, project management and financial services. The most important skills for a principal associate are healthcare, project management, and business development.
| Principal | Principal Associate | |
| Yearly salary | $111,719 | $112,879 |
| Hourly rate | $53.71 | $54.27 |
| Growth rate | 5% | 5% |
| Number of jobs | 84,015 | 40,128 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 51% |
| Average age | 47 | 47 |
| Years of experience | 4 | 4 |
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.
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.
Principals and principal associates have different pay scales, as shown below.
| Principal | Principal Associate | |
| Average salary | $111,719 | $112,879 |
| Salary range | Between $69,000 And $179,000 | Between $78,000 And $162,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | KKR & Co. L.P. | McKinsey & Company Inc |
| Best paying industry | Professional | - |
There are a few differences between a principal and a principal associate in terms of educational background:
| Principal | Principal Associate | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 51% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between principals' and principal associates' demographics:
| Principal | Principal Associate | |
| Average age | 47 | 47 |
| Gender ratio | Male, 65.6% Female, 34.4% | Male, 63.5% Female, 36.5% |
| 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, 9.3% Unknown, 4.0% Hispanic or Latino, 14.1% Asian, 4.3% White, 67.5% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 16% | 16% |