What does a Managing Partner do?

Managing partners are responsible for guiding a business’s strategic direction and managing day-to-day activities; they often have a stake in the company. They maintain positive client relationships and drive new business acquisitions and develop and implement organizational goals, procedures, and policies. They consult and cooperate with other executives, board members, and employees and manage, monitor, and review business operations.

Managing partners work with executive committees to set strategies for a long-term goal, a policy, and a procedure. They are closely responsible for communication within the business, to employees and other partnerships, and entities outside the company, including the press. If a company seeks new partnerships, they participate in the new partner intake process and determine partner payments and agreements. They also manage specific physical office elements including dealing with vendors and utilities and maintenance contractors. Managing Partners need a degree in Business Administration or related fields.

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Average Years of Experience

0 - 1
6%
2 - 4
43%
5 - 7
40%
8+
11%

Managing Partner Seniority Levels

Operations Manager
23% made the transition
Program Manager
22% made the transition
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Managing Partner Salaries

Average Base Pay

$104,841 /yr
Same as national average
Not including cash compensation
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$46K
Median: $105K
$240K
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Glassdoor Estimated Salary

Managing Partner Jobs