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.
The New York-based Architecture Lobby took full advantage of the opportunity however, holding a protest outside the Giardini on June 7th, the Biennale’s opening weekend. Through their protest, they aim to draw attention to declining working conditions in the profession, including low pay, long hours and insecure unemployment – particularly for young architects, who are the most precarious of all.
We reached out to Architecture Lobby member Tyler Survant to find out more about the Architecture Lobby’s presence in Venice, and the problems facing the profession. Read on after the break for the interview.
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.
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.