After last year being far more positive than expected for architecture jobs, the start of 2018 brought a few nervous moments as stock markets and the price of bitcoin plunged. The press reported the end to a number of asset bubbles and the increased likelihood of larger and faster interest rate rises. The reason for these potential increases, however, is mainly due to the economy performing relatively strongly at the moment and there is a high demand for architects.
A recent study by the Industry Insights from CITB found that 47,760 architects were required by 2022 to keep up with forecast growth in output. Having calculated that there are 43,340 currently working in the profession, 1,105 new architects will, therefore, be needed each year to make up the shortfall.
Within 9B, we have also witnessed a very strong start to the year and made around 50% more placements compared to this time last year. As well as successfully finding new roles for senior architects/directors, we have seen an increased demand for Part 1 assistants which is a very positive sign for the industry.
Although salaries at these junior levels have remained very low for a number of years, recent placements appear to be showing some improvements for the best graduates and we have subsequently updated our Architectural Salary Guide. With inflation currently at 3% though, salary increases are sadly making very little impact on the amount architectural staff are able to save after bills.
In terms of sectors; large-scale residential is certainly one of the stand out areas for employment and we are receiving a number of new roles on a regular basis for Project Architects with ideally excellent Revit skills. Another sector on the rise is the high-end hotel sector with opportunities for more senior candidates at associate level.
Although the majority of our roles are based in the capital, the improving economic climate has increased demand for architects in the regions and in particular the North West around Manchester and Liverpool. If you are looking to relocate away from the city, do let us know as we have opportunities and contacts across the country that could be of interest. The other notable change for 2018 has been the increase in contract roles over permanent opportunities. Although practices are reporting healthy workloads at the moment, there is some nervousness going forward and how the economy might be affected by Brexit.
If you would like to discuss current jobs market further or find out how to best present your CV, do please give us a call.
LATEST ARCHITECTURE JOBS
Hotel experienced Associate for AJ100 studio - £45,000 - £55,000
Exceptional Part 2s for leading AJ100 practice - Central London
Talented Part 2/3s for design led residential schemes - East London
Project Leader with strong residential experience - £45,000 - £55,000
Experienced Hotel Architect - South London
Directorship role with super design orientated studio - c.£90,000+
Part 2s with a passion for sports stadia - Central London
Associate/Team Leader - East London - c.£45,000
Project Architect : High end Residential : Vectorworks - c.£55,000
Award Winning Manchester Studio seeks talented Project Architect
Senior Architect - Surrey - c.£55,000
Project Architect for expanding studio on the edge of the New Forest