The results of the seventh annual RICS and Macdonald Salary survey are in. And the analysis indicates that employee satisfaction is running high. 66% of survey respondents state that they are unlikely to change employer in the next 12 months.
Professionals working in the property sector reported an average salary of £44 839 (excluding bonuses and other benefits). This is up 10.9% on last year's average earnings.
The survey results show that chartered surveyors are closing the salary gap with fellow professions such as the law (£48 000) and engineering (£53 067). Some specialisms such as fund management enjoy average salaries in excess of £60 000.
Peter Moore MRICS, Managing Director of MacDonald & Company comment
"With better salaries and career prospects mentioned as the likely drivers for staff to leave their current employers, firms need to ensure that they offer a competitive package ensuring opportunities for individuals to take responsibility early in their careers, providing a range of progressive and interesting work projects and cultivate an inclusive management style"
Looking worldwideApproximately 10% of survey respondents are based outside of the UK. On average the annual salary for our international respondents is 32% higher than those in the UK. This is a 13% increase on last year's average salary.
Thank you to all those who took part in the survey – over 5 300 surveying professionals responded - an increase of 53% on last year.
To find out how your sector or region fares, please view the full results from the PDF Downloads panel on this page.
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