Architects design and build residential and commercial buildings of different scales. As per the Department of Labor statistics, a 4 percent growth can be expected in this field until 2024.
Architects will continue to be in high demand in residential, government, and commercial construction projects. Healthcare facilities are one of the most important areas that are set to witness growth in the coming years. Sustainable or green design skills are also in high demand with an increasing focus on energy conservation and the use of eco-friendly building materials.
Over the next five years, 7,800 architecture jobs are likely to emerge. If you have already completed all the milestones for a career in architecture such as an accredited bachelor’s degree, internship, and licensure exams, the next step is to look at the average annual salaries of architects. The salary range depends on experience as well as the specialization. Salaries can also differ between companies.
The median salary for architects in the US, according to the BLS (Bureau of Labor Statistics), is $79,380 per year with an hourly rate of $38.16. Here are the other salary estimates from leading job portals:
Junior architect average salary
As per Glassdoor, which is an anonymous portal for employees across different industries, the average salary earned by a junior architect is $62,356 per year. This is an estimate based on 8132 users’ salary inputs. The highest junior architect salary is $86000 while the lowest is $46000. Companies that pay between $50000 and $ 58000 per year include Robert A.M. Stern Architects, Rafael Vinoly Architects, Perkins Eastman, and Kohn Pedersen Fox. Selldorf Architects and HOK pay an annual salary of $64000 to junior architects.
At the entry level, design architects earn $51,097 on an average per year as per Payscale data. Junior design architects, according to “The Architecture Salary Poll” survey data, earn $57000 while senior designers earn $77000 per year.
Senior architect average salary
According to Indeed, the job portal, the average salary per year for architects in the US is $112,140. Indeed has compiled the salary data from 542 employees as well as current and past job advertisements on the portal over the past 36 months. Some of the companies that pay a salary of $162,021 annually include Rayco Technical Solutions, The Pursell Group, MedExec International, and Cameron Craig Group.
Design architects at mid-career level earn an average salary of $67,000, according to Payscale estimates. Companies such as Gensler, Gehry Partners, Llp, and Hks, Inc. are the highest paying ones with an average pay of $75,000. Experienced architects earn $88,337 on an average with the highest salary reported being $126000.
All about architects professional liability insurance: Why do you need it?
When you embark on the career of your dreams, you need to be aware of the inherent risks in this profession. While you can be held liable for the mistakes committed by sub-contractors or other vendors involved in the project, a client can also file a costly claim against you for faulty work, delays in the project, negligence, and so on. At times, fraudulent claims from clients can also disrupt your firm’s financial balance.
The best time to buy an architects professional liability insurance is before taking up your first project. Architects professional liability insurance not only covers the judgment costs, but it also offers claims defense cost cover.