For example, Going Concern estimates what you can expect to make in the Big 4 US firm over a 15 year period. Having read the article, it ESTIMATES. Yes, it ESTIMATES, what they think a partner makes and then bases its analysis on this estimate. This doesn’t work for me! Big 4 bound, a US site, has an article on how much do partners really make. Once again, this web site doesn’t tell you what partners actually earn, and guesses . . . However, it does give you an idea of what affects a partner’s salary.
Big 4 Partner Salary
In our post on how much do Big 4 partners earn in the UK we identified from publicly available information that the average partner drawings for a Gig 4 partner in the UK is going to be over £500k.
However, before you mentally start salivating over that level of salary or drawings (as it is), remember:
Which means for every partner who earns over £500k, there will be a partner who earns under £500k. The partners in the top two quartiles for their average earnings will normally be:
- senior equity partners who have built up a hefty client portfolio and network of introducers
- in an advisory rather than assurance or compliance based function
From the information contained in Accountancy Age’s top 50+50 2013 survey, the average client portfolio per partner was significantly over £2 million.
What do partners in the Big 4 in the UK actually earn?
The annual reports of two of the Big 4 have now been published. Scores on the doors . . . (drum roll please)
- PWC declared £705k of distributable profit per partner (i.e. the bit of their profits which they did share with partners) for 2012/2013 which is up 4% on last year
- Deloitte’s distributable profit per partner was down just slightly on 2012 to £772k
KPMG and EY now declare their UK with their European firm results.