Partner - Accounting Firm Salary

A large fraction of take-home pay for Accounting Firm Partners comes from commissions — slightly less than a third on average, in fact. The median overall income in this field is approximately $177K. 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. Geography and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and slightly more than half collect dental insurance. Generally, women make up less than a third of all Accounting Firm Partners who answered the questionnnaire. Accounting Firm Partners largely appreciate their work and find this position highly satisfactory. This overview is based on answers to 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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Though it's uncommon, some Accounting Firm Partners move into roles as Managing Partner, Accounting Firms, where they can earn incomes averaing out to a slightly higher $203K per year. Accounting Firm Partners most frequently advance into Certified Public Accountant and Chief Financial Officer roles even though the median salaries are $118K lower and $55K lower, respectively.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm


Accounting Firm Partners report using a pretty varied skill set on the job. 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. 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.


Individuals with fewer than five years of experience earn $76K on average, but those in the five-to-10 year group see a six-figure median of $120K. People with 10 to 20 years of experience make an average of about $197K in this role. 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 $176K by contrast.

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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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