{ "_id": "5f75071f4a076300201926c8", "_isBlocked": false, "creationDate": "2020-09-30T22:30:55.298Z", "categories": [], "description": "A private bowl for partners, principals, and MDs in Accounting to compare experiences across life and work.", "relatedCrowdIds": [ "564a5cdb94887803001dd07c" ], "fishIconColor": "00fff5", "hideNumberOfUsers": false, "iconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/NfMOcEPfOye2S.png", "rectangleIconUrl": "", "isLocked": false, "isCommentsEnabled": false, "isPublic": false, "handleUrl": "partners-in-accounting", "isVisible": true, "name": "Partners in Accounting", "networkingEnabled": false, "numberOfNetworkingUsers": 5, "numberOfUsers": 12848, "type": 2, "background": { "from": "4C28FF", "to": "1B0B6B" }, "bowlType": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise", "regions": [ "61891c8e2ca26eaffdf8d90f" ], "requestToJoinSettings": { "isJoinReasonRequired": false, "shouldRequestPhoto": false, "isMultipleChoiceEnabled": false, "multipleChoiceOptions": [], "multipleChoiceQuestion": "" }, "bowlTypes": [ { "bowlTypeId": "58e6c2e40ebdd20010849126", "bowlTypeName": "Professional Expertise" } ], "joinMode": 0, "currentMonthPosts": 1, "suggestedIndustry": { "_id": "564a5cdb94887803001dd07c", "name": "Accounting", "iconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/zj3ywsPCyzAEx.png", "crowdIconUrl": "https://dslntlv9vhjr4.cloudfront.net/crowd_images/vF7zC3SYmCtvA.png" }, "noIndex": false, "lastView": "" }
A private bowl for partners, principals, and MDs in Accounting to compare experiences across life and work.
Sign up to access more conversations in this bowl 🔑

Average comp level for seasoned (more than 20 years exp) partner at large regional firm? I feel like I’m underpaid.

like

I am a current Big 4 Tax Partner. I have been with the firm over 20 years. I see everyone else hoarding resources to make sure they can do as little as possible while I’m still trudging in the trench… more

like

I am continually stunned at low personal ethics in this industry. Is is just me that sees this? Are bait and switch offers this common just to take any measure to bring someone in the door, to make … more

like

Baker Tilly leadership keeps talking about partners seeing a “multiple return” under the PE model, but that’s completely disconnected from reality for new partners. Our equity is nominal, with no mean… more

likehelpful

Partner opportunity at a regional firm. I’m hoping it all works out.

likesmart

I’ve been a partner at a Big 4 firm for over 7 years, with a total of 20+ years there. My metrics are strong, but I’m feeling really disillusioned following needless internal reorgs, worsening culture… more

like

What’s going on at KPMG? Heard this was a capital call of 300k in Philly recently.

funnylike

I have never been more disappointed in the firm and its leadership as I have been the last two months. Rant over.

likesmart

RSM partner rant - this leadership is mismanaging this place into oblivion. The increasing partner expectations, combined with margin pressures, are diluting partner profitability. We need to critica… more

like
Share this 🔥 post

Curious about what’s really going on at Andersen Tax.

Trying to get past the press releases — would love insight from folks who’ve worked there, competed with them, or done business with them:
• What’s the culture reall… more

like

Does anyone have insight into how Grant Thornton compensation works for Principals post PE investment? Is there some sort of phantom equity unit value with a co-investment vehicle?

like

Anyone at EY impacted by the massive partner cuts? What’s the story there? Seems like a lot of

helpfullike

For the firms selling a majority stake to private equity based on a multiple of earnings, isn’t it basically monetizing part of the firm's future earnings upfront that the partners closest to reti… more

like

Is the partnership model going to be relevant for CPA firms outside of the big 4 by 2030? The necessity of significant capital investment to build or license new technologies to remain competitive vs.… more

like

I find the talk of taking PE money at my firm disheartening. Im a less tenured partner who was sold on the idea of equal sharing as a form of deferred compensation. You make much less than the value y… more

like
Share this 🔥 post

I am a founding partner of a small firm (3M in revenue, 4 partners, 5 full time EE’s). We are growing super fast and have had bad luck hiring lower level preparers and bookkeepers. We hired a consulta… more

likehelpful

For those of you that have gone through a PE infusion how did it go? What were the biggest drawbacks 2-3 years down the road?

likehelpful

Any CLA principals (non-equity) care to share comp amounts and years as a principal? Trying to see what the range is.

like

I have recently heard through the grapevine that about half a dozen or so younger Gen X partners (currently mid to late 40s) I know, (including myself) plan on retiring in their mid-50s (55 to 57). Th… more

likehelpfulfunny

Grant Thornton PMDs - where are we at on the mood elevator as we close out the calendar year?

likehelpful

As work has slowed down in the firms and we face headwinds, I feel I need to make a greater effort to protect my teams from firm politics. There is so much finger pointing and blame going on compared … more

like

Anyone here who has started your own public accounting firm after working at a mid sized or big 4 firm? I realize it wouldn't be easy but also imagine it could be very profitable and most importan… more

likehelpful

Income partner here at a mid sized firm. Anyone else been stuck at IP for longer than you'd like? My firm has very little clarity around what it takes to level up to equity partner besides showing… more

like

Any partner in Canada? I am having my year-end review next week and will be learning about my new compensation. Last year was not really great and I am planning to leave the firm if I don’t get someth… more

helpful

Any partners switch firms at the partner level? Anyone regret it? I have a firm aggressively me and the comp package is getting difficult to pass up.

How much does partner compensation typically increase each year? Are there more significant increases early on? How quickly do new partners get to median partner comp?

Do all big 4 firms do “fixed” earnings per unit for the first few years?

like

Can any partner give insight into first year audit partner comp in new York area. Appreciate it.

UK - non London partner distribution in audit at top 10 firm. I know depends but looking for ball park. US partner looking to relocate and want ball park before investing time in this.

likehelpful

I’m struggling with motivation to keep selling more work. Revenue growth averages 20% every year since making partner an and now carrying 5m in annual revenue. Pay is not tied to sales or revenue and … more

likehelpful

Don’t mean any disrespect to all audit partners, but why do many of them treat tax partners as if they are incompetent idiots always checking in on our work, deciding that tax fees are too high, criti… more

likefunny

How much are GT partners getting paid out on the PE deal??

likehelpful
Share this 🔥 post

Wanted to get a pulse on partner charge hour requirements at firms through this bowl - newly admitted and at my top 50 firm we have a charge hour goal of 1,000+ hours? Not sure how the economics of an… more

like

How many partner evaluation categories does your firm have and what are they? Our firm is currently revamping ours and I feel like we may be headed down a road of having too many. (8 to 10) This will … more

like

Hi Partners

Seeking some help. This may be good for you or someone you know.

Seeking a HNW Tax Expert to make a Lateral Partner move.

- Lead the firm's HNW practice
- Possible OMP role in a smaller location
- Step into full book of business from a soon to… more

like

Any recommendations for sales training specific to public accounting - courses, books, or coaching?

like

Any insight/general feedback from Baker Tilly partners on PE acquisition?

like

Any firms out there that offer a reduced workload for partners?

likefunny

You know you’re getting old when you take pleasure in giving clients bad news due to their mistakes and oversights.

funnylike

Considering expanding our family and curious what others experience has been with taking a maternity leave as a partner. Did you get adequate time away from work to spend with the baby? How was your w… more

like
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to join this community on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal