How much salary a top accountant can earn?
John Connolly, who is considered one of the smartest accountants in Britain, receives a total salary of £5.7 million (US$10.7 million) this year. The amount equals to US$890,000 per month.
John is also one of the top bosses in Deloitte UK, holding a portfolio as the Chief Executive and a senior partner for the accounting firm. The £5.7 million comprises of basic salary, plus the profit sharing.
Many firms in various industries including financial, legal and consulting adopt the practice of offering partnership to their long serving or high performing employees as a mean to reward their contribution, and Deloitte is no stranger to the exercise. Its UK operation has more than 600 partners, with each averaging about £970,000 in annual pay.
Every year, Deloitte recruit more than 1,000 top graduates, both local and foreign graduates, for their operation across Britain. The firm is currently the second largest ‘big four’ audit firm by revenue behind PricewaterhouseCoopers (PwC) and ahead of Ernst & Young and KPMG.