In this Financial Times article, Will Hunter reacts to another FT article which brands architects as “cling-ons”: “middle class but only by the skin of our teeth”. Hunter’s article looks at the reasons why our profession has suffered so badly, as doctors’ and bankers’ fortunes have improved dramatically. You can read the full article here.
In today’s globalized, Recession-reeling world, architects may just be better of changing location – but where is work to be found? And where are the best salaries? Last year, we asked ArchDaily readers where the best places in the world are to find work, and we got hundreds of responses that generated an important conversation. But we need to deepen the conversation – and we need your help.
Read after the break to find out how you can help…
The latest Future Trends Survey, published by the Royal Institute of British Architects (RIBA), shows a decrease of 3% in average earnings bringing the average salary in the UK to around £40,000. The largest fall in earnings is with sole principals, a quarter of whom are receiving less than £18,500 per annum. This is compared to principals in partnership who continue to average a salary of around £50,000.
According to the report, Architects earning the highest wages with an average salary of around £53,000 are working “in-house for private firms such as developers or other commercial groups.” Reported unemployment has fallen to 2%, which is lower than in recent years.
Though most architecture firms have benefited from a steady upturn in the economy over the past few years, architect salaries remain low. According to U.S. Census Bureau, architecture firms have experienced a 11 percent increase in revenue from 2011 to 2012. Despite this, as reported by the American Institute of Architects (AIA), the average total compensation for architecture positions—including base salary, overtime, bonuses, and incentive compensation—has increased only slightly over 1 percent per year between 2011 and 2013. This 1 percent is barely more than the average increase in compensation between 2008 and 2011, when the construction sector was still in steep decline.
I was asking myself this question a few minutes ago, so went online to do some quick research and Googled “How much do architects earn per hour?”.
The first search result was Answers.com (pictured above) and the answer caught my attention.
Based on these points, How much do you earn? (1) How good do you think you are, (2) How many people demand your services, and (3) how much you feel you can charge. Feel free to answer in the comment section below.