CONFIRMED: Public Accounting Firm Partners Are Filthy Rich

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.

Related articles:

How Are Public Accounting Salaries Stacking Up for 2019?
Congrats, Tax Managers, You (Barely) Made Glassdoor’s List of the Highest-Paying Jobs in the U.S.

Image: iStock/ZargonDesign

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Promotion Watch ’20: CohnReznick Adds a Dozen New Partners

The love child of J.H. Cohn and Reznick Group celebrated its recently anointed partner class for 2020 earlier this month. But it’s nowhere near the size of last year’s class of 23 new partners. Maybe CohnReznick only added 12 people to the partnership this year so there wouldn’t be as many partners for Mazars USA […]