As the job title name suggests, a partner at an accounting firm represents one of the highest leadership positions in such a finance job. Essentially, as a partner, you become one of the owners of the company. If you’re looking to gravitate your career toward a role that is highly collaborative and works beyond traditional financial responsibilities—this job in Malta or elsewhere can be a rewarding one to work up to.
Accountancy partners have a lot of authority on what goes on within the company and their external reputation. Partners hold the influence to make highly regarded decisions and the power to allocate resources accordingly. With their financial knowledge, partners can work to improve business profitability and overall successful company growth.
Becoming a partner in an accountancy firm marks a great point in any accountant’s career, demonstrating their years of hard work is rewarded. As a senior on-site or remote job, interested applicants must prepare themselves to gain numerous years of experience, practice, and financial knowledge before actualising such a career path.
As one of the owners of an accountancy firm, you must be prepared to take on critical duties and responsibilities that determine the growth of the business. Albeit your financial skills are vital here, so too is knowledge in legal frameworks and similar regulations. In this way, you are able to make thoughtful decisions about potentially risky work circumstances.
The labour that goes into an accountancy partner does pay off. Below illustrates just some of the advantages that comes with a high financial title:
Naturally, becoming an owner of a business can have many benefits, as illustrated above. However, this is not to say that partnership is without any challenges. Taking care of a business is hard work and often relies on risky decisions, especially in a financial context, where clients rely on stable and consistent operations. You’ll have to get used to making sacrifices for the sake of the business and feel confident in doing so. Partnership is not for everyone—but if you’re somebody looking for the next step in your finance career and are ready to take the plunge, then this finance job can be the right path.
Partners of accountancy firms combine their various skill sets with leadership responsibilities in overseeing and supervising diverse internal processes. With this in mind, partners are able to effectively develop strategies and monitor progress over time. Whilst their specific duties and responsibilities will differ depending on the organisation’s size and resources, commonalities between them include:
As an accountancy partner, no one business day will be the same. It’s a challenging and rewarding finance job that comprises several duties that demands expertise and strategy. Such a job in Malta or elsewhere can be highly dynamic, for these individuals work with numerous personnel to ensure smooth business operations. Their role is integral within organisations and the demand for talent in this area is increasing, especially as organisations adopt novel technologies and means to conduct everyday tasks.
The demand for talented partners to take on accountancy firms is rapidly increasing, leading the career with fast-paced growth capabilities alongside impressive salary raises. The Castille Salary Survey is based on the average gross basic salary ranges we have seen offered in the local market over the last 12 months. This survey is updated quarterly, remaining representative of current market trends.
For a global perspective, it is worth keeping in mind that sources vary and are subject to change with time. Considering these variances, salaries for partners in accountancy consistently reflect an average salary ranging from $100,000 to $170,000 a year. These numbers vary according to level of experience, specialisation, and other associated living costs.
Due to their senior positioning, becoming a partner in accountancy requires extensive work experience and qualifications to successfully pursue. Namely, you must earn at least a bachelor’s degree in accounting or a similar financial discipline. Many partners also possess a master’s degree for an area of specialisation, and to improve their knowledge in the industry. To practise in an accountancy firm, you must have the necessary licenses which typically require additional examination.
Whilst your educational background is important to become a partner, you must also possess several years of work experience in the field, highlighting your capabilities in a leadership position and the ability to become an owner of a company. Your CV is not enough to become a partner however, as other executives will be looking for the right skills and interpersonal qualities, they believe they can play the part. Spend some time exploring job descriptions that highlight the qualities of a partner to help your chances in succeeding in this job in Malta or elsewhere.
As a collaborative job, it’s no wonder that partners in accountancy firms gain their skills in ones such as communication and leadership. In working with various office functions, other trending technologies and skill sets include:
The above illustrates the general skills of such a job that is focused around supporting business professionals whilst ensuring internal structures operate well. They understand current business objectives and help amend these during shifting workplace trends.
Partners in accountancy typically work in various office environments, including a work from home job. They collaborate with diverse personnel frequently and facilitate internal and external communications. The consistent use of valuable hard and soft skills employed by the partner is transferable across organisations, meaning these individuals are able to work in diverse workplace settings.
For jobseekers interested in pursuing a career path as a partner in an accountancy firm, individuals should work to gain valuable work experience in any preferred industry. Applicants must consider their area of specialisation thoughtfully and apply for jobs that are relevant. Partners can continue to improve their strategic and soft skills through independent learning and keeping up with workplace affairs.
Now that you’ve critically assessed what working as a partner in an accountancy firm is about and whether it is right for you, you are able to kickstart your career in this ever-growing field. As technology and the workforce continues to rapidly advance, the role of a partner remains a career suitable for the long-haul.