Partner - Accounting Firm Salary

Commissions comprise a big part of overall income for Accounting Firm Partners. The median take-home amount in this area is around $177K, and on average, slightly less than a third of that final number comes from commissions. In the world of Accounting Firm Partners, overall cash allowance can occasionally include more than $76K from bonuses and, in some exceptional cases, $82K from profit sharing, causing incomes to vary widely between $82K and $405K. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Most workers in this position report very high levels of job satisfaction. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Generally, women make up less than a third of all Accounting Firm Partners who answered the questionnnaire. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$78,793 - $361,409
(Median)
$79K
$160K
$360K
MEDIAN: $163,224
10%
50%
90%

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$24.66 - $131.78
(Median)
$25
$65
$130
MEDIAN: $65.00
10%
50%
90%

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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$140K$280K$420K
Salary
$78,793 - $361,409  
   
Bonus
$0.00 - $76,297  
Profit Sharing
$3,020 - $81,617  
Commission
$53,750  
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).
)
$82,024 - $404,745  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 361
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$70$140$210
Hourly Rate
$24.66 - $131.78  
   
Overtime
$55.70  
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$140K$280K$420K
Bonus
$0.00 - $76,297  
   
Commission
$53,750  
Profit Sharing
$3,020 - $81,617  
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).
)
$82,024 - $404,745  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 10
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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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Although it's unusual, some Accounting Firm Partners transition into jobs as Managing Partner, Accounting Firms. The latter group reports earning a slightly lower median of $203K per year, though. Accounting Firm Partners most often move into Certified Public Accountant or Chief Financial Officer roles. However, the former pays $118K less on average, and the latter pays $55K less.

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. Fortunate workers who know Tax Consulting command much higher paychecks, scoring salaries 21 percent 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 experienced in 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 this occupation, salaries for the relatively untested average out to $76K, but folks in the five-to-10 year range enjoy a much heftier median of $120K. The average pay reported by folks with 10 to 20 years of experience is around $197K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $176K.

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Experience Affects Partner - Accounting Firm Salaries



National Average
$177,000

Mid-Career
up arrow 32%

Entry-Level
up arrow 57%

Skills That Affect Partner - Accounting Firm Salaries

Tax Consulting
up arrow 21%

Auditing
0%

National Average
$177,000


Tax Compliance
up arrow 18%

Tax Preparation
up arrow 32%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
5%
10-19 years
44%
20 years or more
47%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 52%
medical benefits
Vision: 42%
dental benefits
None: 18%
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