BVR’s biennial Firm Economics Survey—which is currently in its third iteration—is the ONLY study to track key economic and practice indicators of the BV profession, among them firm compensation, hiring practices, partnership additions, and (new this year) partner defections. With the publication of the 2013 survey, the BV profession will also have an exclusive track of historic trends in all categories—including, for instance, which BV credentials are most common among reporting firms. The chart below compares results from the 2008, 2010, and 2012 (preliminary) surveys, rounded to the nearest percentage:
|
2008 |
2010 |
2012 (prelim) |
CPA |
72.5% |
65% |
72% |
ASA |
51 |
50 |
58 |
MBA |
52 |
55 |
58 |
ABV |
63 |
48.5 |
55 |
AVA/CVA |
59 |
46 |
52 |
CFA |
26 |
42 |
30 |
CFE |
31 |
29 |
22 |
CBA/MCBA |
21 |
23 |
18 |
Not surprisingly, the percentage of participating firms reporting CPAs among their ranks is staying level, but ASAs appear to be gaining some ground, while the ABV has slipped a few points as have the AVA/CVA credentials (which the survey has always polled in combination, along with the IBA’s two major designations). The Certified Fraud Examiner (CFE) doesn’t appear to be gaining traction among BV firms, and after enjoying a quick rise in 2010—perhaps due to the rise in fair value for financial reporting issues?—the CFA is sliding back to 2008 levels.
Last chance to add your firm’s financial indicators. Don’t miss the opportunity to make BVR's 2013 Business Valuation Firm Economics & Best Practices Survey once again the most current, comprehensive study of the profession—and save $250 off the post-publication price. Special features in this year's survey include:
- More data on BV training for new and existing analysts;
- New ranking of threats and opportunities for the business valuation profession;
- More questions about sources of new engagements; and (of course)
- Revenue per partner, compensation, realization, and other critical performance indicators.
Hundreds of your BV colleagues have already responded, and you can do the same all at once or in phases. But hurry: the deadline for participating is April 1, 2013. Get started by clicking here now.