How much does a partner at Deloitte Australia earn?

29 August 2019 Consultancy.com.au

Deloitte’s Australian partners are reaping the fruits from the company’s booming performance. Partners in the firm’s Consulting division are now Deloitte’s top earners, racking in thousands of dollars more than their counterparts in other parts of the business. 

Analysis of the Big Four’s annual results for the latest fiscal year shows that equity partners of Deloitte Consulting – partners that have a stake in the partnership – will earn between $590,000 and almost $2 million. The windfall comes on the back of another bumper year for Deloitte in Australia, which is after arch-rival PwC the second largest of the so-called Big Four accounting and consulting group. Non-equity partners – they run less accountability risk and as a result have less say in the way the firm is run – will earn upwards of $320,000, up to a maximum of $1 million. 

The amount received by an individual partner depends mainly on seniority, known as partner level internally. Across Deloitte’s 880-strong partnership in Australia, senior equity partners are set for the largest pay-out, between $1.2 million and $2.9 million each. The size of the pay-cheque is also dependent on collective factors such as the performance of the division, and on individual performance including sales realised, the amount of work referred to other partners and areas, and the extent to which non-financial targets have been achieved.

How much does a partner at Deloitte earn?

Clients scrambling for external support amid a disruptive environment crammed with threats and opportunities, as well as a targeted buy-and-build campaign across its footprint, has helped Deloitte Australia book five consecutive years of double-digit growth. Last year, Deloitte grew by 13%, lifting its revenues in the Australian market to $2.3 billion.

Consulting was the major driver of growth for the year up to May 2019 – the unit booked 19% growth. Deloitte’s consulting portfolio is served by three main labels: Deloitte Consulting (the overarching brand), Monitor Deloitte (the strategy consulting brand established after Deloitte acquired Monitor Group back in 2012) and Deloitte Digital (the firm’s digital and creative unit). The firm also has a range of other advisory offerings, including risk advisory, corporate finance and forensics, these however fall within Deloitte’s Financial Advisory Services division.

The rapid growth in Deloitte's consulting business has meant that the focal point of profit sharing has now shifted away from the traditional audit and accounting services areas to consultancy. An equity partner in audit and assurance will earn a minimum of $550,000 for FY19, $40,000 less than his/her consulting counterpart, with non-equity partners in audit and assurance earning around $50,000 less. Since 2014, the minimum partner pay for consulting partners increased by more than 40%, roughly double the growth rate of partner pay in other divisions.

Earlier this month, Deloitte Consulting was named one of Australia’s top strategy and management consulting firms.


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