Partner - Accounting Firm Salary

Compensation for Accounting Firm Partners in the United States is generous, with average pay surpassing six figures annually ($163K). Overall cash earnings for Accounting Firm Partners stretch from $80K on the lower end to $404K near the top, and the heftiest packages can encompass around $96K from bonuses and $61K from profit sharing. Residence and career length each impact pay for this group, with the former having the largest influence. A fair number report receiving medical coverage from their employers and a little more than half collect dental insurance. Most Accounting Firm Partners report high levels of job satisfaction. Male Accounting Firm Partners are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Respondents to the PayScale salary survey provided the data for this report.
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$75,918 - $356,523
(Median)
$76K
$160K
$360K
MEDIAN: $163,146
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Salary
$75,918 - $356,523  
   
Bonus
$0.00 - $96,490  
Profit Sharing
$4,000 - $60,678  
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).
)
$80,454 - $404,428  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 318
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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

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

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 $203K per year. Many Accounting Firm Partners advance into roles as Certified Public Accountants or Chief Financial Officers, but the median salaries are $120K lower and $57K lower, respectively.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Job skills reported by Accounting Firm Partners are limited. Most notably, skills in Auditing, Accounting, Tax Compliance, and Tax Preparation are correlated to pay that is above average. Those listing Tax Preparation as a skill should be prepared for drastically lower pay. Tax Compliance and Accounting also typically command lower compensation. Those educated in Accounting tend to be well versed in Tax Preparation.

Pay by Experience Level for Partner - Accounting Firm

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


Although employees with less than five years' experience earn around $80K on average, the five-to-10 year group has a much higher, six-figure median of $105K. Accounting Firm Partners claiming one to two decades of experience make an estimated median of $196K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $178K on average.

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Experience Affects Partner - Accounting Firm Salaries



National Average
$179,000

Mid-Career
up arrow 41%

Entry-Level
up arrow 55%

Skills That Affect Partner - Accounting Firm Salaries

National Average
$179,000

Auditing
up arrow 1%


Tax Compliance
up arrow 37%

Tax Preparation
up arrow 39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 53 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
5%
10-19 years
45%
20 years or more
46%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 53%
vision benefits Vision: 42% employee benefits None: 18%
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