Introduction
Architects are responsible for creating and designing buildings, structures, and spaces that meet the needs of their clients. They must consider not only aesthetics, but also safety, environmental sustainability, and budget. With such an important role in the construction industry, it’s no surprise that architects are well compensated for their work.
But just how much do architects make? In this article, we’ll explore the average salaries of architects, the factors that can impact their wages, and how salaries have changed over time.
Overview of Average Architect Salaries
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for architects was $79,380 in May 2018. The lowest 10 percent earned less than $48,020, while the highest 10 percent earned more than $129,810.
The BLS also reports that the median annual wage for all occupations was $38,640 in May 2018. This means that architects make more than double the median salary for all occupations.
Exploring the Factors That Impact Architect Salaries
While the average salary for architects is high, there are several factors that can influence how much an individual architect makes. Let’s take a look at some of the most important factors.
Regional Salaries
Where you live can have a significant impact on your salary as an architect. For example, according to the BLS, the states with the highest annual mean wages for architects in 2018 were:
- California – $106,090
- District of Columbia – $102,590
- New York – $97,770
- Massachusetts – $96,720
- Alaska – $95,890
On the other hand, states with the lowest annual mean wages for architects in 2018 were:
- Montana – $57,480
- Idaho – $59,990
- South Dakota – $62,040
- West Virginia – $62,570
- Mississippi – $63,520
Education and Experience
Education and experience are two of the most important factors when it comes to determining an architect’s salary. According to the American Institute of Architects (AIA), architects typically need a professional degree in architecture from an accredited program, as well as several years of experience in the field.
As you gain experience and higher levels of education, your salary potential increases. On average, architects with a master’s degree earn 6 percent more than those with a bachelor’s degree, according to the AIA.
Industry Differences
The industry in which you work can also have an effect on your salary. According to the BLS, the industries with the highest annual mean wages for architects in 2018 were:
- Federal Executive Branch – $113,490
- Architectural, Engineering and Related Services – $89,330
- Scientific Research and Development Services – $88,220
- State Government (OES Designation) – $86,270
- Colleges, Universities and Professional Schools – $85,140
Investigating How Architect Salaries Have Changed Over Time
In addition to exploring the factors that can impact an architect’s salary, it’s also interesting to consider how salaries have changed over time. Let’s take a look at some of the trends in architect salaries.
Trends in Architect Salaries
According to the BLS, the median annual wage for architects has increased by about 10 percent since 2008. During the same time period, the median annual wage for all occupations has increased by just 4 percent. This shows that architects have seen a greater increase in their salaries than many other professions.
Success Stories of Architects Earning Big Salaries
In addition to the overall trends in architect salaries, there are also success stories of individual architects making big salaries. For example, Pritzker Prize-winning architect Shigeru Ban is estimated to be worth around $25 million, according to Celebrity Net Worth. Similarly, renowned British architect Norman Foster is estimated to be worth around $200 million.
Conclusion
Architects are highly sought-after professionals with the potential to earn a sizable salary. This article explored the average salaries of architects, factors that impact their wages, and how salaries have changed over time.
Overall, the BLS reports that the median annual wage for architects was $79,380 in May 2018. However, salaries can vary widely depending on factors such as region, education, experience, and industry. Additionally, salaries have increased by about 10 percent since 2008, showing that architects have seen a greater increase in their salaries than many other professions.
For aspiring architects, the best advice is to focus on gaining the right education and experience. With the right credentials and hard work, it’s possible to become one of the top architects earning a big salary.
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