An associate is typically one of the partners in a company. Associates may have an ownership stake in the business and are responsible, together with their peers, for the general management of the business. Although one can be an associate in any type of business, this is a function that is popular in firms that provide professional services, such as law, accounting or engineering firms.
Skill Sets: An associate must have good general business management and financial administration skills. As they will also typically be performing duties that are related to the main sector of activity of their business (i.e. lawyer, accountant, IT consultant, etc). they will need to have skills that are specific to their main profession.
Education: It is recommended that associates have some type of formal business management training, like a certificate, associate's or bachelor's degree. Furthermore, having a degree in a discipline closely related to the company's sector of activity is also required in the majority of cases. Furthermore, one may also be required to pass any professional licensing or certification required.
Career Path: Pursuing a degree in a discipline that is related to the main activity of the firm one wants to be an associate in is required. Gaining additional education in management, as well as professional experience for several years is required too.