Partner - Accounting Firm Salary

Accounting Firm Partners receive generous compensation in the United States — earning an average of $161K per year, their standard salaries shoot well into the six-figure range. Total cash compensation for Accounting Firm Partners runs from $87K to $366K depending on bonuses that can occasionally exceed $61K and profit sharing that can reach almost $83K. Residence and experience level each impact pay for this group, with the former having the largest influence. Work is enjoyable for Accounting Firm Partners, who typically claim high levels of job satisfaction. A fair number enjoy medical while one-half get dental coverage. Vision coverage is also available to more than two-fifths. Men make up the majority of Accounting Firm Partners (61 percent) survey respondents. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$84,748 - $336,823
$85K
$160K
$340K
MEDIAN: $161,065
10%
50%
90%

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$25.70 - $131.09
$65
MEDIAN: $65.25
50%

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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$130K$260K$390K
Salary
$84,748 - $336,823  
   
Bonus
$309.13 - $60,820  
Profit Sharing
$750 - $82,500  
Commission
$6,750  
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).
)
$86,733 - $365,632  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 264
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
$65.25  
   
Overtime
$46.50  
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
$309.13 - $60,820  
   
Commission
$6,750  
Profit Sharing
$750 - $82,500  
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).
)
$86,733 - $365,632  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 8

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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

  • Act as the highest executive of the accounting firm to direct and determine the final decision on all its projects and activities.
  • Establish the firm's policies and procedures, and make sure these practices are carried out in all of the firm's offices.
  • Manage the accounting firm's staff, select managers, and evaluate manager's performances.
  • Responsible for the financial well-being of the firm and ensure that the offices bring in a profit.
  • Oversee the operation of regional offices, coordinate their activities, and monitor their performance.

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 $201K. Accounting Firm Partners most frequently become Certified Public Accountants and Chief Financial Officers even though median compensation is $114K lower and $50K lower, respectively.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Survey results show that Accounting Firm Partners use a fair number of skills. Most notably, facility with Tax Consulting and Auditing are correlated to pay that is significantly above average, leading to increases of 46 percent and 8 percent, respectively. Skills that pay less than market rate include Tax Preparation, Tax Compliance, and Accounting. Most people who know Accounting also know Tax Preparation.

Pay by Experience Level for Partner - Accounting Firm

Pay by Experience for a Partner - Accounting Firm has a positive trend. An entry-level Partner - Accounting Firm with less than 5 years of experience can expect to earn an average total compensation of $98,000 based on 11 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Partner - Accounting Firm with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $137,000 based on 22 salaries. An experienced Partner - Accounting Firm which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $173,000 based on 150 salaries. A Partner - Accounting Firm with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $193,000 based on 133 salaries.

Pay Difference by Location

National Average: $173,415

Larger city markers indicate a job is popular in that location.

With a pay rate for Accounting Firm Partners that is 90 percent greater than the national average, Miami offers a comfortable salary for those in this profession. Accounting Firm Partners will also find cushy salaries in Washington (+70 percent), San Francisco (+61 percent), New York (+58 percent), and Indianapolis (+50 percent).

Related Job Salaries

Key Stats for Partner - Accounting Firm

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.
Less than 1 year
1%
1-4 years
2%
5-9 years
3%
10-19 years
44%
20 years or more
49%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Partner - Accounting Firm Salaries

▲11%

▼0%

National Average
$173,000

Mid-Career
▼21%

Entry-Level
▼43%

Skills That Affect Partner - Accounting Firm Salaries

Tax Consulting
▲46%

▲8%

National Average
$173,000

▼4%

Tax Compliance
▼16%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
2%
5-9 years
3%
10-19 years
44%
20 years or more
49%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 48%
vision benefits
Vision: 42%
no benefits
None: 20%
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