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The differences between senior partners and business development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a senior partner and a business development manager. Additionally, a senior partner has an average salary of $118,406, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a senior partner include excellent organizational, lead generation and ROI. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Senior Partner | Business Development Manager | |
| Yearly salary | $118,406 | $100,769 |
| Hourly rate | $56.93 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 54,052 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A Senior Partner is responsible for implementing corporate decisions alongside the senior management that would benefit the company's performance to achieve long-term goals and objectives. Senior Partners monitor business operations and strategize techniques that would benefit the company's growth. They also maintain and manage client relationships, develop policies, and coordinate with other board members to ensure the highest client satisfaction. A Senior Partner must have excellent communication and leadership skills to identify process improvement processes and overseeing business transactions.
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Senior partners and business development managers have different pay scales, as shown below.
| Senior Partner | Business Development Manager | |
| Average salary | $118,406 | $100,769 |
| Salary range | Between $90,000 And $154,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | McKinsey & Company Inc | Shearman & Sterling |
| Best paying industry | Media | Finance |
There are a few differences between a senior partner and a business development manager in terms of educational background:
| Senior Partner | Business Development Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior partners' and business development managers' demographics:
| Senior Partner | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 68.6% Female, 31.4% |
| Race ratio | 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% | 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 | 10% | 10% |