Hear that squeaky, rattling sound? That’s a partner pushing a wheelbarrow full of cash through the hallways of your firm.
Accounting Today has some highlights from the latest Rosenberg MAP Survey, which includes this tidbit:
This year, the survey found that income per partner increased to $441,000, or 3 percent higher than last year. However, this year ended a trend where the growth in income per partner was catching up to firms’ net fee growth. “We hope to see a time where the IPP growth is at least the same as the net fee growth as it was in 2006,” said the survey.
More good news for partners: Income per partner has increased each year since 2010, according to previous years’ Rosenberg MAP Surveys (2013 data N/A):
- 2017 (based on 2016 data): $430,000
- 2016 (based on 2015 data): $406,000
- 2015 (based on 2014 data): $392,000
- 2014 (based on 2013 data): N/A
- 2013 (based on 2012 data): $386,000
- 2012 (based on 2011 data): $366,000
- 2011 (based on 2010 data): $360,000
You can purchase the full survey report for $500, which is a drop in the bucket for you public accounting firm partners.