Partner - Accounting Firm Salary

Average pay for an Accounting Firm Partner in the United States is considerable, rounding six figures at $167K per year. Total cash earnings of Accounting Firm Partners range from $79K on the low end to $406K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $97K and $61K, respectively. Geography 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 over a half collect dental insurance. For the most part, Accounting Firm Partners enjoy their work and report high levels of job satisfaction. Generally, women make up less than a third of all Accounting Firm Partners who answered the questionnnaire. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$74,280 - $359,766
(Median)
$74K
$170K
$360K
MEDIAN: $167,065
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
$74,280 - $359,766  
   
Bonus
$0.00 - $97,259  
Profit Sharing
$3,606 - $60,820  
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).
)
$79,168 - $405,752  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 311
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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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It is somewhat unusual to come across Accounting Firm Partners who move on to become Managing Partner, Accounting Firms, but it does happen from time to time, and the median salary for that position sits slightly higher at $202K. Many Accounting Firm Partners choose to become Certified Public Accountants and Chief Financial Officers as their careers advance. However, folks in those positions report median salaries of $122K less and $58K less, 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. Most people who know 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.


Although employees with less than five years' experience earn around $76K on average, the five-to-10 year group has a much higher, six-figure median of $105K. The average pay reported by folks with 10 to 20 years of experience is around $195K. For some reason, Accounting Firm Partners with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $182K.

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Experience Affects Partner - Accounting Firm Salaries



National Average
$180,000

Mid-Career
up arrow 42%

Entry-Level
up arrow 58%

Skills That Affect Partner - Accounting Firm Salaries

Auditing
0%

National Average
$180,000


Tax Compliance
up arrow 38%

Tax Preparation
up arrow 41%

Job Satisfaction

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

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
5%
10-19 years
46%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 52%
vision benefits Vision: 41% employee benefits None: 19%
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