Partner - Accounting Firm Salary

Average pay for an Accounting Firm Partner in the United States is considerable, rounding six figures at $161K per year. In the world of Accounting Firm Partners, overall income ranges from $87K near the bottom to $359K at the top; this can include more than $77K from bonuses and more than $97K from profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by experience level. Men make up the majority of Accounting Firm Partners (64 percent) survey respondents. Job satisfaction is reported as high by the vast majority of workers. While some workers in this profession — approximately one-fifth — do not have any health coverage, a strong majority do receive medical benefits and just over two-fifths have dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$86,818 - $328,864
$87K
$160K
$330K
MEDIAN: $161,232
10%
50%
90%

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$25.70 - $126.37
$53
MEDIAN: $52.73
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$120K$240K$360K
Salary
$86,818 - $328,864  
   
Bonus
$2,051 - $76,687  
Profit Sharing
$-0.49 - $97,444  
Commission
$7,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$86,733 - $358,566  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 264
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60$120$180
Hourly Rate
$52.73  
   
Overtime
$46.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$120K$240K$360K
Bonus
$2,051 - $76,687  
   
Commission
$7,500  
Profit Sharing
$-0.49 - $97,444  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$86,733 - $358,566  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 8

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United States (change)

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Job Description for Partner - Accounting Firm

Typically, there are two types of accounting firm partners: equity partners and salaried partners. Equity partners are the highest-level individuals in the business, as they have usually put forth some of their own money to support the business. Salaried partners are those who have not invested directly in the business financially, but who are eligible for profit-sharing. Depending on the firm, a prospective partner may be asked to buy in before joining.

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Partner - Accounting Firm Tasks

  • Act as the highest executive of the accounting firm to direct and determine the final decision on all its projects and activities.
  • Establish the firm's policies and procedures, and make sure these practices are carried out in all of the firm's offices.
  • Manage the accounting firm's staff, select managers, and evaluate manager's performances.
  • Responsible for the financial well-being of the firm and ensure that the offices bring in a profit.
  • Oversee the operation of regional offices, coordinate their activities, and monitor their performance.

Common Career Paths for Partner - Accounting Firm


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Though it's uncommon, some Accounting Firm Partners move into roles as Managing Partner, Accounting Firms, where they can earn incomes averaing out to a slightly higher $202K per year. Accounting Firm Partners most often move into Certified Public Accountant or Chief Financial Officer roles. However, the former pays $113K less on average, and the latter pays $50K less.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Just a handful of professional skills are reported by Accounting Firm Partners who took the survey. Most notably, facility with Tax Consulting and Auditing are correlated to pay that is significantly above average, leading to increases of 47 percent and 10 percent, respectively. Skills that pay less than market rate include Tax Preparation, Tax Compliance, and Accounting. Most people familiar with Accounting also know Tax Preparation.

Pay by Experience Level for Partner - Accounting Firm

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Individuals who have worked for fewer than five years report earning $100K on average, a generous six-figure sum for those just starting out. Accounting Firm Partners with one to two decades of relevant experience report an average salary of approximately $171K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $188K.

Related Job Salaries

Key Stats for Partner - Accounting Firm

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
1%
1-4 years
2%
5-9 years
3%
10-19 years
44%
20 years or more
50%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Partner - Accounting Firm Salaries

▲9%

National Average
$173,000

▼1%

Mid-Career
▼19%

Entry-Level
▼42%

Skills That Affect Partner - Accounting Firm Salaries

Tax Consulting
▲47%

▲10%

National Average
$173,000

▼5%

Tax Compliance
▼16%

Tax Preparation
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
3%
10-19 years
44%
20 years or more
50%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 44%
vision benefits
Vision: 38%
dental benefits
None: 21%
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