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

What is a managing partner and how to become one

Updated January 8, 2025

4 min read

Quoted Expert

Dr. Albert Boerema Ph.D.

A managing partner is an active member of a business partnership. They are the ones who take care of day to day activities that make the business run without holdups so the rest of the partners can keep their eyes on the big picture, coming up with business goals and strategies.

Filling a similar role in a company as a CEO, a managing partner oversees daily operations and reports to a committee of partners, or a board of directors in a corporation. Managing partners operate in smaller businesses, though, that is why they have two roles at the same time as partner and general manager.

Salaries of managing partners depend on the shares they receive from the profit their company makes. On top of that, they usually also receive a guaranteed payment for their managerial services.

What general advice would you give to a Managing Partner?

Dr. Albert Boerema Ph.D.

Professor, Calvin University

As one begins a career in educational leadership, the temptation is to pay attention to organizational details, to help things run smoothly, to avoid controversy. My advice is that while those are important, they are not at the center of leading. Instead, there needs to be a focus on issues of equity and justice. It turns out that organizational details do reflect those issues. Still, suppose we do not focus, first of all, on this big picture, getting the "trains to run on time" without thinking about justice. In that case, we will instead wind up maintaining a status quo that privileges some and marginalizes others. The core challenge of leadership is keeping justice at the center.

This is true for all leadership work. In school or educational leadership, it means paying attention to how pedagogical, curricular, and assessment choices provide real opportunities for those on the margins to thrive.

ScoreManaging PartnerUS Average

Salary

8.8

Avg. Salary $147,401

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 6.42%

Black or African American 6.24%

Hispanic or Latino 15.39%

Unknown 4.35%

White 67.14%

Gender

female 20.97%

male 79.03%

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

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Key steps to become a managing partner

Explore managing partner education requirements

Most common managing partner degrees

Bachelor's

66.8 %

Master's

13.2 %

Associate

9.3 %

Start to develop specific managing partner skills

Skills	Percentages
Food Handling	20.31%
Cleanliness	18.32%
Customer Service	8.62%
Financial Statements	5.29%
Regulatory Compliance	3.60%

Complete relevant managing partner training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New managing partners 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 managing partner based on U.S. Bureau of Labor Statistics data and data from real managing partner resumes.

Gain additional managing partner certifications

Managing 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 managing partner certification, having one may help you stand out relative to other applicants.

The most common certifications for managing partners include Project Management Professional (PMP) and Certified Management Accountant (CMA).

More About Certifications

Research managing partner duties and responsibilities

Manage website, eBay, and Facebook marketing, as well as vendor relations and cross-marketing with vendors.
Manage daily operations, including office administration, accounts-payable, accounts-receivable, and payroll processing.
Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.

Prepare your managing partner resume

When your background is strong enough, you can start writing your managing 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 managing 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 Managing Partner Resume templates

Build a professional Managing 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 Managing Partner resume.

Apply for managing partner jobs

Now it's time to start searching for a managing 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 managing partners rate their job?

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Managing Partner reviews

A zippia user wrote a review on Sep 2019

Pros

Independence in working when I want and litigating cases I want to handle.

Cons

Business development sucks. Hard to have a life, litigate a full caseload, and then be expected to bring in new clients constantly. The business side is horrible for those who just want to practice law.

A zippia user wrote a review on Jun 2019