November 26, 2020

Compensation Watch ’12: Public Accounting Partners

The AICPA asked around and it turns out that most CPA firms across the country have a seen an increase in fees in the last couple years. That's good! Consequently, partners are doing a little better than they were just two years ago. That's good! So good, in fact, that everyone at the adult table is back to 2008 numbers: 

Average partner compensation jumped to $188,500 in 2012, an increase of 10 percent over two years ago, and now stands at virtually the same level as 2008, when it was $188,572. The 2008 [Management of an Accounting Practice] survey was conducted before the steep slide in the U.S. economy, so it represents a good guidepost of recovery.  

Not only is this pleasant news for the new partners, it's also music to anyone's ears that fears the senior manager parking lot because it won't be long before some of the older partners start moving on:

While overall client fees have increased for many firms, per-partner fees dropped in the latest survey. [AICPA VP Mark] Koziel said this probably reflects the addition of new partners, particularly at larger firms, which are planning ahead for the pending retirement of Baby Boom-generation leaders. This benchmarking category should improve as an expected wave of partners steps down over the next decade.

Or simply shipping out.

CPA Firms See Increase in Fee Revenue [AT]

Latest Accounting Jobs--Apply Now:

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.

Comments are closed.

Related articles

Ex-KPMG Partner Thomas Whittle Is Up Next For Sentencing In PCAOB Scheme

Former KPMG partner Thomas Whittle—one of the five decision-makers at the House of Klynveld who were indicted in January 2018 for making the very poor decision to steal confidential information on which clients’ audits the PCAOB would be reviewing so KPMG could improve its dismal inspection results—is scheduled to be sentenced on Dec. 2, according […]