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The differences between senior associates and principals can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior associate and a principal. Additionally, a principal has an average salary of $111,719, which is higher than the $83,034 average annual salary of a senior associate.
The top three skills for a senior associate include project management, business development and powerpoint. The most important skills for a principal are CRM, project management, and financial services.
| Senior Associate | Principal | |
| Yearly salary | $83,034 | $111,719 |
| Hourly rate | $39.92 | $53.71 |
| Growth rate | 8% | 5% |
| Number of jobs | 54,601 | 84,015 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Average age | 44 | 47 |
| Years of experience | 4 | 4 |
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.
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.
Senior associates and principals have different pay scales, as shown below.
| Senior Associate | Principal | |
| Average salary | $83,034 | $111,719 |
| Salary range | Between $56,000 And $121,000 | Between $69,000 And $179,000 |
| Highest paying City | Jersey City, NJ | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Sheppard Mullin Richter & Hampton | KKR & Co. L.P. |
| Best paying industry | Finance | Professional |
There are a few differences between a senior associate and a principal in terms of educational background:
| Senior Associate | Principal | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior associates' and principals' demographics:
| Senior Associate | Principal | |
| Average age | 44 | 47 |
| Gender ratio | Male, 55.6% Female, 44.4% | Male, 65.6% Female, 34.4% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 12% | 16% |