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Partner - Accounting Firm Salary

Generous salaries abound for Accounting Firm Partners in the United States, with average pay above six figures ($174K) per year. In the world of Accounting Firm Partners, overall cash allowance can occasionally include more than $99K from bonuses and, in some exceptional cases, $61K from profit sharing, causing incomes to vary widely between $81K and $411K. Residence and career duration each impact pay for this group, with the former having the largest influence. Making up 73 percent of those who took the survey, male Accounting Firm Partners greatly outnumber their female counterparts. Most workers in this position report high levels of job satisfaction. A fair number report receiving medical coverage from their employers and about one-half collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$75,504 - $381,821
(Median)
$76K
$170K
$380K
MEDIAN: $173,618
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
$75,504 - $381,821  
   
Bonus
$0.00 - $98,763  
Profit Sharing
$4,500 - $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).
)
$80,514 - $410,595  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 318

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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

  • 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 doesn't happen often, but some Accounting Firm Partners do move on to become Managing Partner, Accounting Firms. The average pay for that role is slightly higher at $207K per year. Accounting Firm Partners most often move into Certified Public Accountant or Chief Financial Officer roles. However, the former pays $128K less on average, and the latter pays $65K less.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Survey takers who work as Accounting Firm Partners typically report just a few professional skills. Most notably, skills in Auditing, Tax Compliance, 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 Tax Compliance also typically command lower compensation. The majority of those 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.


Whereas the median salary for inexperienced employees is approximately $76K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $100K. On average, Accounting Firm Partners make $203K following one to two decades on the job. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Accounting Firm Partners report making only $186K on average.

Related Job Salaries

United States (change)

Experience Affects Partner - Accounting Firm Salaries


National Average
$187,000


Mid-Career
up arrow 47%

Entry-Level
up arrow 59%

Skills That Affect Partner - Accounting Firm Salaries

Auditing
up arrow 2%

National Average
$187,000

Tax Compliance
up arrow 4%


Tax Preparation
up arrow 43%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 51%
vision benefits Vision: 42% employee benefits None: 20%
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