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Partner - Accounting Firm Salary

Accounting Firm Partners in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $200K) surpassing six figures annually. Including potential for bonuses and profit sharing — peaking near $97K and $73K, respectively — total cash payment to Accounting Firm Partners can bottom out near $80K or peak near $412K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career duration. For the most part, Accounting Firm Partners enjoy their work and report high levels of job satisfaction. Making up 72 percent of those who took the survey, male Accounting Firm Partners greatly outnumber their female counterparts. Unfortunately, some people in this line of work are without benefits — just under a fourth lack coverage. On the flip side, a strong majority have medical insurance and a little over a half receive dental plans. This report is based on responses to the PayScale salary survey.
$72,615 - $389,804
(Median)
73K
110K
180K
250K
390K
MEDIAN: $178,854
10%
25%
50%
75%
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
$72,615 - $389,804  
   
Bonus
$0.00 - $96,537  
Profit Sharing
$3,575 - $73,404  
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).
)
$79,625 - $412,458  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 322
United States (change)

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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Accounting Firm Partners' salaries tends to stay somewhat level when they assume higher-end positions like Accounting Firm Managing Partner. On average, Managing Partner, Accounting Firms get paid about the same as Accounting Firm Partners. A lot of Accounting Firm Partners advance their careers by becoming Certified Public Accountants and Chief Financial Officers. However, those positions offer $142K less and $79K less per year on average.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Survey takers who work as Accounting Firm Partners report a focused set of job skills. Most notably, skills in Tax Compliance, Auditing, Accounting, 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. Accounting and Auditing also typically command lower compensation. It is often found that people who know Accounting are also skilled 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 $69K on average, the five-to-10 year group has a much higher, six-figure median of $100K. Accounting Firm Partners who work for 10 to 20 years in their occupation tend to earn about $215K. Survey participants with more than twenty years of experience only make around $207K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Related Job Salaries

Experience Affects Partner - Accounting Firm Salaries



National Average
$200,000

Mid-Career
up arrow 50%

Entry-Level
up arrow 65%

Skills That Affect Partner - Accounting Firm Salaries

National Average
$200,000

Tax Compliance
up arrow 10%

Auditing
up arrow 11%


Tax Preparation
up arrow 46%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 70 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
6%
10-19 years
45%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 52%
vision benefits Vision: 40% employee benefits None: 22%