Architects' salaries are on the rise, according to the 2005 American Institute
of Architects (AIA) Compensation Report. The report said that between 2002 and
2005 salaries of architecture firms increased 10 percent, approximately a 3.3-percent
annual compound growth rate. According to figures from the U.S. Department of
Labor, this is a notable increase considering professional salaries in the U.S.
economy increased by only 2.5 percent on average for the same period.
"What is interesting about this data is that salaries for architecture
positions have increased more than 10 percent during the same timeframe that there
has been a recession in non-residential construction," said AIA chief economist
Kermit Baker, PhD, Hon. AIA. "During the recession of the early 1990s, compensation
for architecture positions did not even keep pace with inflation. That is no longer
the case, as evidenced by increased compensation for architecture positions totaling
almost 50 percent between 1996 and 2005. This news is very encouraging for the
architecture profession as a whole."
Other survey findings include: