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The differences between senior partners and principals can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a senior partner, becoming a principal takes usually requires 2-4 years. Additionally, a senior partner has an average salary of $118,406, which is higher than the $111,719 average annual salary of a principal.
The top three skills for a senior partner include excellent organizational, lead generation and ROI. The most important skills for a principal are CRM, project management, and financial services.
| Senior Partner | Principal | |
| Yearly salary | $118,406 | $111,719 |
| Hourly rate | $56.93 | $53.71 |
| Growth rate | 10% | 5% |
| Number of jobs | 54,052 | 84,015 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 63% |
| Average age | 39 | 47 |
| Years of experience | 10 | 4 |
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 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 partners and principals have different pay scales, as shown below.
| Senior Partner | Principal | |
| Average salary | $118,406 | $111,719 |
| Salary range | Between $90,000 And $154,000 | Between $69,000 And $179,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | McKinsey & Company Inc | KKR & Co. L.P. |
| Best paying industry | Media | Professional |
There are a few differences between a senior partner and a principal in terms of educational background:
| Senior Partner | Principal | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between senior partners' and principals' demographics:
| Senior Partner | Principal | |
| Average age | 39 | 47 |
| Gender ratio | Male, 63.1% Female, 36.9% | Male, 65.6% Female, 34.4% |
| 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, 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 | 10% | 16% |