Partner - Accounting Firm Salary

Accounting Firm Partners enjoy a hefty income, with average pay passing six figures ($173K) annually in the United States. Total cash earnings of Accounting Firm Partners range from $79K on the low end to $414K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $99K and $61K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Male Accounting Firm Partners are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Most Accounting Firm Partners report high levels of job satisfaction. A fair number report receiving medical coverage from their employers and just over a half collect dental insurance. This report is based on answers to PayScale's salary questionnaire.
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$73,781 - $389,925
(Median)
$74K
$170K
$390K
MEDIAN: $173,353
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
$73,781 - $389,925  
   
Bonus
$0.00 - $99,273  
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).
)
$79,335 - $413,979  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 313

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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 $207K per year, though. Many Accounting Firm Partners go on to become Certified Public Accountants or Chief Financial Officers despite the fact that median compensation in those roles is reportedly $127K lower and $63K lower, respectively.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Accounting Firm Partners who responded to the survey report just a handful of professional skills. Most notably, skills in Auditing, Tax Compliance, Accounting, and Tax Preparation are correlated to pay that is above average. Tax Preparation and Accounting as skills, however, tend to be associated with significantly smaller paychecks. Those proficient in Accounting are, more often than not, also skilled in Tax Preparation.

Pay by Experience Level for Partner - Accounting Firm

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Inexperienced workers earn around $73K, but people who have been around for five to 10 years pull down a much higher average of $100K. For Accounting Firm Partners, 10 to 20 years of experience on the job amounts to an average salary of $202K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $185K by contrast.

Related Job Salaries

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Experience Affects Partner - Accounting Firm Salaries



National Average
$185,000

Mid-Career
up arrow 46%

Entry-Level
up arrow 61%

Skills That Affect Partner - Accounting Firm Salaries

National Average
$185,000

Auditing
up arrow 2%

Tax Compliance
up arrow 3%


Tax Preparation
up arrow 42%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 64 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
45%
20 years or more
46%

Common Health Benefits

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