The Royal Institute of British Architects (RIBA)’s Future Trends Survey for March 2015 has "bounced back strongly" in comparison to February, as the workload index rose to +36 from +26 last month. Private housing and the commercial sector remains strong, while uncertainty still surrounds forecasts in the public sector. Workload forecast balance figures have remained high, the highest numbers being reported from practices in London (+42) and in the south of England (+39). In addition, large and medium sized practices have reported confidence about staffing levels, while small practices remain "more circumspect."
The Royal Institute of British Architects (RIBA)’s Future Trends Survey for February 2015 has revealed continued optimism, although the public sector workload forecast has dipped with uncertainty about spending commitments ahead of the UK General Election in May. The workload index fell back slightly to +26 (from +29 in January) and workload forecast balance figures have remained high, the highest numbers being reported from practices in the Midlands and East Anglia (+43) and in Wales and the West (+39). In addition, practices have reported that they are now employing 16% more Part 1 (undergraduate) and Part 2 (postgraduate) students than they were twelve months ago.
The Royal Institute of British Architects (RIBA)’s Future Trends Survey for January 2015 has revealed strong levels of optimism as workload forecasts remain strongly positive across all regions of the UK. Following little change in indexes between November and December 2014, the workload index has once again remained consistent at +29. Workload forecast balance figures have remained high, the highest numbers being reported from practices in Northern Ireland at +67 (from +50) and Scotland at +57 (from +75). Furthermore, practices of all sizes have been responding with positive workload prospects heading into the next quarter.
Using information collected from the US Census Bureau’s American Community Survey, the Hamilton Project at The Brookings Institution has created a set of interactive infographics comparing the lifetime earning potential of graduates of 80 majors. With so much debate over the earning potential of architects, the tool provides us with an invaluable insight into the long-range outlook for members of our profession, charting the both the total lifetime earnings of architects and their average earnings per year over a 42-year career.
Read on after the break for analysis of what the infographics tell us
Among the Venice Biennale's two-pronged approach of hype and glamour on one hand, and artistry and theory on the other, it's easy to forget that the event is one of the biggest gatherings of architects around - and as such represents a great opportunity to put the more prosaic concerns of the profession out in the open.
As part of their ongoing ACSA Atlas Project, the Association of Collegiate Schools of Architecture (ACSA) has just released a new set of infographics, showcasing a range of statistics relevant to both architecture students and professionals alike. The 10 images cover a range of issues, including: demographic concerns such as race and gender, economic concerns such as salaries and employment futures, and the number of architects and students in each state. Read on after the break for the full set.
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.
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. However, 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 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?”.