The role of a principal is often seen as a barrier position in becoming a partner. Their duties are similar to that of a manager, but they’re capable of partner-level work. Unlike some partner roles, principals have a stable salary and are eligible for variable bonuses. A principal is an executive authority figure within an organization. They are often major investors who have the most stake within the company. Their roles vary depending on the company and the individual agreement. For example, a principal might take on the technology sector of the business, working directly with information technology teams.
