Just under two thirds – 64.1 percent -- of partners at public accounting firms are over 50, according to the latest edition of the Rosenberg MAP survey, up from 52 percent in 2005.
The 2015 edition of the annual survey of almost 400 accounting firms also revealed that average growth in net fees remained exactly the same as last year, at 6.7 percent, while the share of that growth attributable to mergers and acquisitions rose from 22 percent to 30 percent.
Among the other figures from report: the average buy-in for new partners is up 7 percent from last year, at $144,000, and average income per partner is $382,000.
The full survey report includes over 100 benchmarking metrics in a wide range of areas, including partner compensation, staff turnover, overhead expenses and much more.
The Rosenberg Survey will be sent to participants later this month. The survey can also be purchased for $475. For more information, visit www.rosenbergsurvey.com.
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