Partner Aging Strikes Smaller Firms the Hardest

older man and younger man in meetingAs partners work longer, average partner incomes decline.

The aging in the partner ranks of the CPA profession is by far most prominent at  smaller firms, according to the most recent edition “The National MAP Survey of CPA Firm Statistics.

At firms with less than $2 million in fees, the percentage of partners over the age of 50 has risen to a startling 73.3 percent, up from 65.4 percent last year.

And at firms with fees of $2 million to $10 million, the number has risen to 66 percent from 65.3 percent.