Qualified members of the Royal Institution of Chartered Surveyers earn between 8% to 35% more than non-chartered property-professionals, according to the first RICS and Macdonald & Company European Salary & Benefits Survey.
Qualified members of the Royal Institution of Chartered Surveyers earn between 8% to 35% more than non-chartered property-professionals, according to the first RICS and Macdonald & Company European Salary & Benefits Survey.
A total of 911 surveying professionals in continental Europe participated in the survey between May and July. Aside from statistics on current salaries, recent salary increases, bonuses and employment package benefits, the survey also gives insight into wider issues important to professionals in their role and attitudes to employment.
The results show that chartered surveyors working in France could expect to draw the highest salaries, followed by Scandinavia, Germany, Austria and Switzerland, with property professionals in Southern Europe earning the least. The residential property sector offered the highest average earnings, at EUR 95,334, just ahead of those working in fund management and property finance. The average annual salary for all professionals in the property sectors was EUR 76,970.
Chartered surveyors just beginning their careers, aged 26 to 30 years, can expect to earn on average EUR 59,200 per year, the survey showed, as compared with non-qualified property professionals who earn on average EUR 44,900 per annum.
The highest salary increases were reported by those working in Central and Eastern Europe, followed by the Nordic countries, with rises of 13.5% and 10.9% respectively. The commercial and investment sectors were the two areas benefiting from the biggest increases.
Some 70% of the respondents said they received a bonus in the last twelve months, with the average amount being EUR 21,010 or 27% of the average salary.
‘Having a range of interesting work’ was quoted as one of the most important aspects of job satisfaction, followed by ‘career progression.’ Over 80% of respondents expressed contentment with their present employer while nearly two- thirds anticipated a growth in their profession’s economic activity over the coming year.