Average national salary for a Chartered Surveyor is €71K
Average salary for a property surveyor with up to 5 years’ experience post- qualification is €34,700
Two out of three chartered surveyors are confident of a pay increase in next 12 months
Monday 18th July 2016. A new survey shows that the national average salary for a Chartered Surveyor is €71K and that property surveyors working in Estate Agency & Property Management with up to 5 years post-graduation experience are earning an average salary of €34,700, excluding bonuses and benefits.
The survey found that construction surveyors within the same experience category are earning €46,800, where most of the respondents were based in Dublin.
The survey, comprising over 900 responses and the first to cover all disciplines within the surveying profession, was carried out by the Society of Chartered Surveyors Ireland (SCSI) of its membership across the country last month.
According to the survey, two out of three chartered surveyors are confident of receiving a pay increase in the next 12 months while over half, (53%), said they received a pay rise in the past 12 months.
The President of the SCSI, Claire Solon, said the findings highlighted the benefits and rewards that are available in surveying and she urged students and those looking for a new challenge to consider a career as a chartered surveyor.
“The fact so many chartered surveyors have received or are confident they will receive a pay rise highlights the positive mood which is returning to the property and construction sector as activity levels increase. Of course, the lack of suitable graduates entering the property and construction sectors is also a significant reason for the rise in pay levels as firms struggle to recruit more skilled staff and that is something we need to address urgently” she said.
Previously, Ms Solon warned that the shortfall of qualified graduates coming into the profession could severely threaten the country’s ability to address the current housing supply crisis, the delivery and management of the country’s building stock and our infrastructural deficit.
Research carried out by the Society earlier this year revealed that over 2,000 new job opportunities are expected to be created across the surveying profession in the next four years. However, based on current enrolment numbers, there will only be enough property and construction-related surveying graduates to fill just over half of them (52%).
According to the survey, Dublin surveyors are the highest paid in the country, earning close to €78K on average. Surveyors in Munster and the Rest of Leinster earn approximately €62K while those in Ulster/Connacht earn €53K. It also found that 80% of surveyors are not intending to change employer in the next 12 months.
Ms Solon, who is also Head of Property at Friends First, said that after several very challenging years it was very encouraging to see stability returning to the sector.
“It’s clear that in the short to medium term, professionals in the sector will hold significant bargaining power when negotiating salaries. That is the natural consequence of the current supply and demand imbalance and hopefully the salaries and benefits on offer in the varied and interesting surveying sectors will help to attract more people into the profession.”
“It is imperative that we have the qualified personnel to meet the needs of the Irish economy and that’s why we want to encourage more people, particularly women, to choose property and construction courses. Women currently only account for one quarter of the Society’s membership, but they are growing in numbers and the profession is one which offers great choice and diverse opportunities. In addition the chartered designation is a recognised passport for travel and work abroad” Ms Solon concluded.
To read the summary report, please click here.