What it really takes to become a Partner 

Looking for a job as an Accountancy Partner?

Long hours, hard work, responsibility and a great salary. For many, becoming a partner is the dream position. 

But research from ACCA shows that 70% of accountants believe that luck plays a large part in reaching the pinnacle of their career. 

While many factors will have a bearing on your career, if you’re aiming for the top – there are many things you can do to improve the odds.

Fully qualified: First and foremost, you need the necessary qualifications and experience – ACCA and a number of years under your belt within a professional services environment as a minimum. You should be highly skilled in accounts, audit and tax.

Business acumen: Technical skills are a must for a partner, but so too is having a business-minded brain. An overall big-picture understanding of business, strategy, problem solving and how to make money. An accountancy firm is a business, and generating income is the number one goal for a partner. Having the skills to do this will set you apart from the rest. 

Excellent communicator: Just as important and necessary as being qualified, you need to be a great communicator. As a partner, you’ll be expected to negotiate, lead, develop, manage, influence and present with confidence. If you’re a trainee reading this, don’t be unnerved. There are many leadership and communications courses and programmes which will help you develop the qualities required for a partner. And a good firm will assign you a mentor or coaching from a senior leader to help you progress. 

High profile: Having a strong network is key to any successful career, but if you want to become a partner…it’s vital. You need to make your mark. Work towards building your reputation and showcasing your strengths and expertise at networking events, public speaking, on social media or writing articles for relevant publications. 

Flexibility: You can accelerate your career towards partner by being prepared to be highly flexible – a secondment, relocation, overseas exposure or committing to work long hours on a major project to gain experience. If the prospect of this and everything else we’ve discussed here doesn’t excite you, then it might be that your path to partner takes you somewhere else. And you’re not alone. Thousands of ambitious and successful accountants choose not to become partner simply because it didn’t suit them. 

Garry Howling of Public Practice Recruitment Ltd says, “Don’t focus too much on the end game. If you have the right attitude, bags of enthusiasm and ambition, and are committed to serving clients, then opportunities will present themselves. I’ve seen great partners emerge from all types of backgrounds, with different qualifications and experience and all kinds of personalities. But the one thing they all shared was belief. I can and I will.”

Public Practice Recruitment Ltd are currently searching for a talented and ambitious Partner Designate to support the medical and healthcare sectors.  

As Medical Accountancy Partner Designate, you’ll develop the firm’s business and share its financial success. This accountancy firm is large, but friendly, and has featured in various ‘top places to work for’ lists. There’s an annual salary of around £100k, plus a relocation package to the South West and a great benefits package.

To find out more about this role and submit your CV head over here. 

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