Do managing partners get paid more?

Yes, managing partners get paid more. A managing partner is involved in and responsible for the day-to-day activities of a firm, whereas a general partner may not be involved in the day-to-day operations. Since the managing partner has the most responsibilities, they are usually paid the highest compared to all partners.

How long does it take to become a managing partner?

It takes 15 to 20 years to become a managing partner. A managing partner, partner manager, or managing general partner is a person who owns a percentage interest in a partnership or limited liability company while being responsible for actively running the business.

How much do partner managers get paid?

Partner managers get paid approximately $104,000 per year. The entry-level salary for this position rests at approximately $65,000 per year. However, the top 10% may see a gross salary of $167,000 per year, the national average. These individuals may also receive bonuses and incentives at their employer's discretion.

Is a managing partner an owner?

Yes, a managing partner is an owner. The managing partner is effectively both an owner and a manager. They are involved in high-level discussions creating the company's strategies as an owner.

What is the difference between a partner and a managing partner?

The difference between a partner and a managing partner is their ownership status within the business. A partner, for example, has ownership interest in a partnership but does not have to manage the business.

How To Become A Manager/Partner: What It Is and Career Path

What is a manager/partner and how to become one

Updated January 8, 2025

3 min read

Quoted Expert

Robin Jarvis

A manager/partner, or a managing partner, is meant to create and set strategies, goals, and objectives, with the goal of making sure that all day to day business operations run smoothly.

As implied in the title, the manager/partner deals with a lot and has many duties. They interact with clients and personnel, forming and maintaining relationships with both. They create and develop goals, policies, and procedures, as well as ensure that the company is working towards them. They assist or cooperate with marketing, design, and sales personnel, identify risks and opportunities for possible improvements, and oversee the hiring and training of employees.

A good manager/partner should have a university-level degree in business administration or a similarly applicable field. Further education might be favoured. Manager/partners are expected to have years of experience in managerial positions, and should have an analytical and a goal-driven mind. On average, the manager/partner earns approximately $123,000 a year.

What general advice would you give to a Manager/Partner?

Robin Jarvis

Director of Career and Internship Services, Culver-Stockton College

Be flexible. Employment trends were shifting and changing, before the pandemic hit, and we can expect more change in the days ahead. Opportunities are still out there, and we will recover from these challenges. I anticipate growth after stabilization and the creation of jobs that don't exist today. Be willing to take the skills you learned in college and apply them to a wide array of opportunities. Explore careers outside your area of study, and never stop learning. Most important - network, network, network!

ScoreManager/PartnerUS Average

Salary

7.5

Avg. Salary $95,382

Avg. Salary $59,228

Stability Level

9.6

Growth Rate 6%

Growth Rate 0.3%

Diversity

3.5

Race

American Indian and Alaska Native 0.47%

Asian 6.31%

Black or African American 6.12%

Hispanic or Latino 14.97%

Unknown 4.33%

White 67.81%

Gender

female 37.70%

male 62.30%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress Level

9.6

Stress level is very high

7.1 - high

Complexity Level

9.2

Complexity Level is advanced

7 - challenging

Work Life Balance

3.6

Work Life balance is poor

6.4 - fair

Key steps to become a manager/partner

Explore manager/partner education requirements

Most common manager/partner degrees

Bachelor's

69.4 %

Master's

13.1 %

Associate

9.6 %

Start to develop specific manager/partner skills

Skills	Percentages
Business Development	10.96%
Project Management	8.91%
Client Facing	6.03%
Account Management	5.93%
Customer Service	5.06%

Complete relevant manager/partner training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New managers/partner learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a manager/partner based on U.S. Bureau of Labor Statistics data and data from real manager/partner resumes.

Gain additional manager/partner certifications

Manager/partner certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific manager/partner certification, having one may help you stand out relative to other applicants.

The most common certifications for managers/partner include Certified Professional - Human Resource (IPMA-CP) and Professional Certified Marketer (PCM).

More About Certifications

Research manager/partner duties and responsibilities

Manage day to day e-commerce operations.
Manage on site SEO, linkage with bloggers, and social media mediums.
Manage all on-line activities and marketing campaigns including Facebook, LinkedIn, and Google.
Manage and operate social media account on YouTube and Instagram, more than 24k followers currently

Prepare your manager/partner resume

When your background is strong enough, you can start writing your manager/partner resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a manager/partner resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose From 10+ Customizable Manager/Partner Resume templates

Build a professional Manager/Partner resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your Manager/Partner resume.

Apply for manager/partner jobs

Now it's time to start searching for a manager/partner job. Consider the tips below for a successful job search:

Browse job boards for relevant postings
Consult your professional network
Reach out to companies you're interested in working for directly
Watch out for job scams

How do managers/partner rate their job?

-/5

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1 Star

Manager/Partner reviews

A zippia user wrote a review on Jun 2019

Pros

People Busy Money Busy and variety in a job Solving problems