If Richter’s a $100 million shop, is public accounting worth it anymore?

For me, the most suprising number up there is RSM Richter’s having nearly $100 million in revenue. Richter’s got about 500 employees and according to their website, 60 partners. That’s about $1.67 million per partner, or $200 000 per employee! I’m thinking that RSM partner comp, all in on average has got to be about $400 000, which rivals what I’ve heard is the $400-500K that Big 4 partners get. These numbers beg the question: is it worth being a Big 4 partner, with all of that liability and the constant pressure of dealing with massive public companies? Personally, I think that increasingly, private is the way to go if you want to practice and become a partner or start an accounting firm. If you don’t want to be a partner and want to use the Big 4 reputation to do something else (i.e. work in industry, get an MBA, switch to finance/consulting, etc.), go for public, but don’t stay too long!

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One Response to If Richter’s a $100 million shop, is public accounting worth it anymore?

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