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The differences between senior partners and business partners 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 partner. Additionally, a senior partner has an average salary of $118,406, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a senior partner include excellent organizational, lead generation and ROI. The most important skills for a business partner are analytics, project management, and customer service.
| Senior Partner | Business Partner | |
| Yearly salary | $118,406 | $96,324 |
| Hourly rate | $56.93 | $46.31 |
| Growth rate | 10% | 10% |
| Number of jobs | 54,052 | 106,251 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| 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 partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
Senior partners and business partners have different pay scales, as shown below.
| Senior Partner | Business Partner | |
| Average salary | $118,406 | $96,324 |
| Salary range | Between $90,000 And $154,000 | Between $66,000 And $140,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | McKinsey & Company Inc | ZS |
| Best paying industry | Media | Technology |
There are a few differences between a senior partner and a business partner in terms of educational background:
| Senior Partner | Business Partner | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior partners' and business partners' demographics:
| Senior Partner | Business Partner | |
| Average age | 39 | 39 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 56.2% Female, 43.8% |
| 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% |