Partner - Accounting Firm Salary (United States)

Partner - Accounting Firms receive generous compensation in the United States—earning an average of $201,125 per year, their standard salaries shoot well into the six-figure range. Overall cash allowance, including $100K each for bonuses and profit sharing proceeds, generally bottoms out around $71,997 and peaks near $368,651. Geographic location is the biggest factor affecting pay for this group, followed by tenure. While 23 percent report receiving no health benefits, 76 percent do receive medical coverage, and more than half have dental, as well. Male Partner - Accounting Firms are far more common in the field than their female counterparts, who typically comprise less than one-third of the field. The majority of Partner - Accounting Firms claim high levels of job satisfaction. The numbers for this synopsis were furnished by individuals who completed PayScale's salary questionnaire.
Partner - Accounting Firm Salary (?
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.
)
$71,997 - $368,651
(Median)
72K
110K
180K
250K
370K
MEDIAN: $179,438
10%
25%
50%
75%
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
$71,997 - $368,651  
   
Bonus
$0.00 - $95,561  
Profit Sharing
$3,523 - $74,497  
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).
)
$79,246 - $406,537  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 308
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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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Partner - Accounting Firms do not experience a change in pay as they move up the career ladder. An upper-level role like Accounting Firm Managing Partner will not bring in more or less money than some lower-level roles. Partner - Accounting Firms most often move into positions as Certified Public Accountant (CPA)s or Chief Financial Officers, where they typically take pay cuts of $142K or $80K per year.

Partner - Accounting Firm Job Listings

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Popular Skills for Partner - Accounting Firm

Just a handful of professional skills are reported by Partner - Accounting Firms who took the survey. Those listing Tax Preparation as a skill should be prepared for drastically lower pay. Accounting and Auditing also typically command lower compensation. For most people, competency in Accounting indicates knowledge of Tax Preparation.

Pay Difference By Location

Washington
up arrow 118%
New York
up arrow 40%
Chicago
up arrow 29%
Los Angeles
up arrow 11%
National Average
$201,000
Larger circles over a city indicate a job is popular in that location.
Partner - Accounting Firms will find that Washington offers an impressive pay rate, one which exceeds the national average by 118 percent. Partner - Accounting Firms will also find cushy salaries in New York (+40 percent) and Chicago (+29 percent).

Related Job Salaries

Experience Affects Partner - Accounting Firm Salaries

National Average
$201,000
Entry-Level
up arrow 65%

Skills That Affect Partner - Accounting Firm Salaries

National Average
$201,000
Auditing
up arrow 7%
Accounting
up arrow 14%
Tax Preparation
up arrow 47%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 71 votes.

Gender

Female
28%
female alumni
 
Male
72%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
5%
10-19 years
47%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 41% employee benefits None: 23%
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