Partner - Accounting Firm Salary

On average, Accounting Firm Partners in the United States earn six-figure salaries ($164K) annually, making for a very well-paid profession. In the world of Accounting Firm Partners, total cash compensation can vary between $80K and $405K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $82K and $61K, respectively. Geography is the biggest factor affecting pay for this group, followed by career length. Most Accounting Firm Partners survey respondents are men (72 percent). For the most part, Accounting Firm Partners enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and over one-half collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$75,605 - $357,878

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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
$75,605 - $357,878  
   
Bonus
$0.00 - $81,703  
Profit Sharing
$4,470 - $60,967  
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).
)
$80,310 - $404,806  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 315
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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 $203K per year. Accounting Firm Partners most often move into Certified Public Accountant or Chief Financial Officer roles. However, the former pays $120K less on average, and the latter pays $57K less.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Just a handful of professional skills are reported by Accounting Firm Partners who took the survey. 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 skilled in Accounting are similarly competent 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 $81K on average, the five-to-10 year group has a much higher, six-figure median of $108K. Accounting Firm Partners bring in $197K after working for 10 to 20 years. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $177K.

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Experience Affects Partner - Accounting Firm Salaries


National Average
$179,000


Mid-Career
up arrow 40%

Entry-Level
up arrow 55%

Skills That Affect Partner - Accounting Firm Salaries

National Average
$179,000

Auditing
up arrow 1%


Tax Compliance
up arrow 19%

Tax Preparation
up arrow 39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 51 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 53%
vision benefits Vision: 43% employee benefits None: 17%
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