![]() ![]() #PROPERTY MANAGER SALARY PROFESSIONAL#Once you’ve gained your professional qualifications, they argue, salary expectations become more relevant. This is because career progression opportunities and earnings improve when you are chartered. ![]() When we talk to graduate property professionals, they sometimes suggest that the most important thing to look for when choosing a firm is whether it can give you the breadth and depth of work you need to gain chartership with the Royal Institution of Chartered Surveyors (RICS) or the Royal Town Planning Institute (RTPI) – not the level of remuneration available. More details on the differences between working in London and in the regions for graduate surveyors can be found here Higher salaries take into account higher living costs in certain areas and living costs are highest in London. Valuation: £23,000 outside of London and £30,000 in London Property management: £25,000 outside of London and £27,000 in London Planning: £24,000 outside of London and £28,000 in London ![]() Landlord and tenant: £23,500 outside of London and £30,500 in London Land/acquisitions: £27,000 outside of London and £35,000 in London For example:Īgency/leasing: £22,000 outside of London and £35,500 in LondonĬorporate real estate: £25,000 outside of London and £28,200 in Londonĭevelopment consultancy: £26,550 outside of London and £27,000 in Londonĭevelopment management: £23,250 outside of London and £32,000 in London The average base salary outside of London was £25,000 and £29,000 in London, but it did find considerable differences according to surveyor specialism. The RICS and Macdonald & Company 2020/21 annual salary, which surveyed 5,807 property professionals in the UK, groups junior salaries differently, as graduate/assistant/in training and so might take into account not just starting salaries but also any pay rises awarded before qualification. It is worth noting that graduate commercial and development surveyors’ salaries are slightly higher than those of graduate general practice surveyors and valuation surveyors, and property managers. The lowest salaries are typically found in Northern Ireland and the highest in London. It reveals that graduate surveyors’ typical starting salaries are between £19,500 and £27,000. The Hays UK Salary & Recruiting Trends 2020 compiles the typical salaries of candidates the recruitment agency Hays placed in roles over the previous 12 months. Other annual surveys conducted in the profession put starting salaries at a slightly lower figure and emphasise that they differ according to location and to surveying specialism. However, bear in mind that this survey sample is comprised of self-selecting members of the ISE – these tend to be the largest graduate employers, of which built environment companies (and property firms in particular) are a small number. The 2020 annual survey report from the Institute of Student Employers (ISE), meanwhile, cites the median starting salary for graduates working in the built environment as £27,500. What do annual salary surveys say about pay for graduate surveyors? Its rival, the Berkeley Group, is also said to offer salaries ranging between £24,000 and £27,000. House builder Barratt Developments, which includes a property acquisition and development stream in its graduate programme, offers a starting salary of £24,000 in most locations, rising to £27,000 in London and Aberdeen. Last year, JLL confirmed that it paid graduates £23,000–£30,000, depending on the scheme and location, but this year it returned to saying ‘competitive’. Over the years, a few graduate employers have broken their silence on their salaries, but they are the exception rather than the rule. What do property employers say about pay for graduate surveyors? In effect this means a typical starting salary of somewhere between When searching for a graduate job in property, you’ll see most employers advertising ‘competitive’ pay or ‘structured’ salary packages. Starting salaries for graduate property surveyors But what constitutes a high starting salary for graduates in property? According to the 2020 Graduate Survey of almost 72,000 students, which was conducted by the research business of targetjobs’ parent company, 79% of students interested in property employers thought that a high starting salary was an ‘important’ or ‘very important’ factor when choosing an employer. ![]()
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