Any RICS Chartered Surveyors on here?

Any RICS Chartered Surveyors on here?

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afterparty

Original Poster:

18 posts

63 months

Thursday 30th April 2020
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Hi Gents,

Wondering if some RICS Chartered Surveyors could give some advice.

Got a work mate who did a Degree in a useless subject, still doing the same job as me which pays well below minimum wage but he is now around £60k in debt. I warned him before he started uni, to do a STEM degree or he'd still be here with me, but he decided to follow his ''passion'' lol rofl

He's now thinking of doing a RICS approved Masters in Real Estate or similar like Building Surveying.

Could anyone shed some light on whether Surveying is still a decent career,

- ie. salary wise , I've had a look and the salaries on Indeed seem to vary hugely £19k - almost high 20s for graduates trainee jobs and £25k - £40k for Chartered status after 2-3 years from degree. Is that about right?

- How hard is it to get a initial trainee job after completing a Rics Degree?
- Is a Chartered Surveyor with say 5 years experience sought after or is the industry saturated?
- Which is the best area of Surveying, money and job availability wise etc.

Thanks

Edited by afterparty on Thursday 30th April 01:16

DickP

1,132 posts

165 months

Thursday 30th April 2020
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Hi,

I am a Chartered Building Surveyor, and have been in the industry for roughly six years now.

I know a few people who have done a conversion masters degree in Building Surveying, with one person having done fine art as their undergraduate degree.

Below are my summarised answers from my own perspective as Building Surveyor. My caveat is that these are my views and this may not be as relevant post Covid-19 due to the economic impact.

afterparty said:
- ie. salary wise , I've had a look and the salaries on Indeed seem to vary hugely £19k - almost high 20s for graduates trainee jobs and £25k - £40k for Chartered status after 2-3 years from degree. Is that about right?
Starting salaries for recent graduates are often ranging from £20k to £26k. There are exceptions with any rule however and some are paid significantly above average, although those will typically be those with significant relevant knowledge and experience who are only now lacking Chartership.

Once qualified the salary is roughly £30k and can quickly accelerate up to £40k after say 3-4 years post qualification. It's possible to be earning above £50k after 5 years post qualification, although this is again more the exception than rule. It's worth bearing in mind that many employment benefits like health care, car allowance etc. normally only become available post qualification.

afterparty said:
- How hard is it to get a initial trainee job after completing a Rics Degree?
When I was starting out, the large firms were selective in the candidates and often had requirements the candidate had achieved a minimum 1:2 or sometimes a first. In the past couple of years they have changed approach and are now appear to focus on aptitude as opposed to degree result.

I have however noticed that once in the job, those who had come from a Masters Degree had a lot of catching up to do in comparison to those who completed the Undergraduate Degree. Worth being aware when it comes to progression with the Assessment of Professional Competence process (which leads to qualification as MRICS).

afterparty said:
- Is a Chartered Surveyor with say 5 years experience sought after or is the industry saturated?
In my opinion, some of the specialisms are more sought after than others. You will find a large number of those with Real Estate degrees fulfilling the role of General Practice Surveyor doing Agency (i.e. wheeling and dealing in commercial property) or Property Management. They appear to be in abundance compared to the technical subject Building and Quantity Surveyors.

afterparty said:
- Which is the best area of Surveying, money and job availability wise etc.
That is dependant on the individual's skill set. Say if they are a good sales person, then a role in Agency may be better for them a technical role like Building or Quantity Surveying. If they are good at multitasking and being an intermediate with challenging tenants and Landlords, then Property Management may be another consideration. If they like technical detail and running projects, then Quantity or Building Surveying may be for them.

I must also emphasise that there are a lot of other roles within Surveying. Below is a link to an RICS video on Youtube for the varying roles within the built environment.

https://www.youtube.com/watch?v=gBLd2HhNsKg

Similarly there are roles outside of the Built Environment such as Land Surveying, Minerals etc.

I hope this proves some use and if there's any more questions please do ask.

Thanks,

Freshprince

216 posts

70 months

Thursday 30th April 2020
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Surveyor is such a broad term with many career paths under it.

I did Real Estate at undergrad level (1st class). Most people go onto becoming general pactice surveyors (commercial property) for agencies, where as i’m not a fan and always wanted to be involved in developments client-side or work as asset/investment manager. There are alot of career paths, check the RICS website for guidance on paths.

I got a grad job (took a year) with a heritage developer in Essex operating nationally identifying and appraising development opportunties, but ended up doing alot of other stuff including selling development sites, selling ground rents, managing and selling commercial portfolios and renting out sites for filming and tourism, so gained a wide level of expierence. Salary started at 23k and bumped to £33k, until I left three years later to move back home and bit of travelling inbetween.

Tried for 6 months (2019) to get a job in Midlands as Land Buyer (In particlar PRS in Birmingham) but unsuccesfull, so took a job local authority side (they love diveristy!) as a Commercial Surveyor at £45k, which isn’t bad for 4yrs expierence and non-qualified. Applied for around 30-40 jobs after leaving my last place from PLC developers to SME private developers as a land grad/buyer and development assistant. Had about 10 interviews, but unsuccesfull. Not much feedback other than one was concerned about ventures outside of work! There was less people going into the industry between 2009-2011 due to recession, so created a gap and was alot of job between 2013-2017, with brexit curbing it slightly. Now it’s anyones guess! But property will still need to be managed, sold, rented or bought even during bad times!

I’m not RICS qualified, as it’s not realy needed for Land buyers, but will do it next year when I have 5 yrs expierence meaning only 12 months of structured training. Apparently first time pass rate can be low as 40-50%! It’s definietly not a field as competitive as others for grad jobs such as Law or IT, but very competitve to get a job at the big agencies such as Savills, BNP, JLL et al. I do recommend it as a career path over alot of others, but it’s very traditional in some sectors (such as development). If your friend enjoys playing rugby or cycling, he’ll fit right in! It’s a very social career path and I enjoyed the networking aspects!

In land development salary ranges as follows -

- Land grad - £20-£25k
- Land buyer (1-3yr exp) - £30-£40k
- Land Manager (5+ exp) - (£50k-£70k+

As mentioned earlier, there was definitely a shortage of Land Buyers/Managers working for PLC developers between 2013-2018 during development boom as Land grads were becoming Land Managers in 3yrs for some developers! Also you don’t always need a relevent degree to work in land if you show enthusiasm for the job i’ve heard. But to work for a agency as commercial surveyor, they will want you to have a related RICS-accredited degree to enable you to become chartered quicker!

It was actually a pistonheader (Blueg33) that suggested development as a career path on here to someone else, which I saw about 7 years ago!


Edited by Freshprince on Thursday 30th April 23:30

anonymous-user

69 months

Friday 1st May 2020
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I'm a mature student, just finishing an MSc in Building Surveying.

I obviously can't comment on it as a long term career, but up until Covid 19, the job market in London/South East seemed pretty decent, with a large number of my cohort having been offered jobs before the end of the course. I am due to be starting with a London firm in July (keeping my fingers crossed...….) on graduate starting salary in the mid 20s, which seems about the going rate (though will obviously vary across the country). Once you are MRICs, it seems to rise to about £35k, with more experienced guys on 40-50k and senior surveyors potentially earning 60k. Obviously this is all subject to change, of course, but nobody can predict that right now...

General feeling within the industry seems to be that it a very aged profession, with a need for more young blood. Once you are MRICs then a lot more doors will open and there are obviously a number of areas you can specialise in.

Until recently, it seems lots of people were making big money doing 5+ mortgage valuations a day, but Covid and the increase in desktop valuations means that may not be a great long term bet. I also think commercial property is going to be hit pretty hard in the next few years, but obviously I'm not an expert.

My feeling is that, while there will always be ups and downs, traditional building surveyors will always be in demand as all these buildings (commercial or residential) aren't going anywhere. It's quite an interesting time to enter the industry, with the changes that are flowing from the Grenfell tragedy - hopefully good professional advice will become increasingly important - I'll report back in 5 years!

Floydey

116 posts

169 months

Friday 1st May 2020
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I work as a FTE for a decent sized contracting firm, we have a large chunk of business in real estate, highways and so on and most of our team are either RICS or MCIPS depending on how much and where the contract management side of life sits.

As for the questions, hopefully this helps;

afterparty said:
Could anyone shed some light on whether Surveying is still a decent career,

- ie. salary wise , I've had a look and the salaries on Indeed seem to vary hugely £19k - almost high 20s for graduates trainee jobs and £25k - £40k for Chartered status after 2-3 years from degree. Is that about right?
Edited by afterparty on Thursday 30th April 01:16
Starting salary definitely varies on the person and where they are in their career - I've known people come in knowing they're starting at the bottom but being sponsored through their education and happy to earn little because of this
On the flipside, some have joined with irrelevant degrees and experience but because they have the right attributes and personality they've managed to find themselves on a good starting wage

As for post qualification, hitting a £40k plus job should not be an issue as long as they're competent, driven and able to follow jobs/contracts through to completion

afterparty said:
- How hard is it to get a initial trainee job after completing a Rics Degree?
Edited by afterparty on Thursday 30th April 01:16
Would definitely encourage looking at a training/education sponsored route in addition to self funding. Last thing your mate wants is to keep racking up the debt to chase a salary. There are a lot of firms hiring (pre-Covid 19 and we've already started planning for post) and the next few months will develop into a competitive market

afterparty said:
- Is a Chartered Surveyor with say 5 years experience sought after or is the industry saturated?
Edited by afterparty on Thursday 30th April 01:16
From my experience, absolutely not saturated and certainly sought after. In fact, if you know anyone I'm sure I could make a referral depending on location! (again post-lockdown)

afterparty said:
- Which is the best area of Surveying, money and job availability wise etc.
Edited by afterparty on Thursday 30th April 01:16
Real estate always seems to be where the money goes, but having said that as MRICS with a bit of experience behind them it, you can work in a variety of fields and still pick up good remuneration.

Hope this helps but happy to answer any more questions if needed

Jonmx

2,762 posts

228 months

Friday 1st May 2020
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DickP said:
Hi,

I am a Chartered Building Surveyor, and have been in the industry for roughly six years now.

I know a few people who have done a conversion masters degree in Building Surveying, with one person having done fine art as their undergraduate degree.
O/T but the guy with the fine art degree isn't called Roland is he?

Back on topic, it's something I'm toying with having a next to useless History degree and not massively enjoying the area of property management I currently work in, so thanks for the thread OP.

Floydey

116 posts

169 months

Friday 1st May 2020
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Jonmx said:
next to useless History degree
Oddly enough, after picking up MRICS, I'm debating whether to do an MBA (which will help my career) or a History degree (because I love it and wish I had gone to Uni back in my teens)

Jonmx

2,762 posts

228 months

Friday 1st May 2020
quotequote all
Floydey said:
Oddly enough, after picking up MRICS, I'm debating whether to do an MBA (which will help my career) or a History degree (because I love it and wish I had gone to Uni back in my teens)
I loved History and the degree, and my plan had been to attend Sandhurst post uni, but in the end I didn't. Hindsight tells me a career specific degree or qualification would have been far more use and I could have saved the History for a time when I had free money and surplus cash, which at the moment is a long, long way away.

Floydey

116 posts

169 months

Friday 1st May 2020
quotequote all
Jonmx said:
I loved History and the degree, and my plan had been to attend Sandhurst post uni, but in the end I didn't. Hindsight tells me a career specific degree or qualification would have been far more use and I could have saved the History for a time when I had free money and surplus cash, which at the moment is a long, long way away.
That's kind of my idea, hopefully in the future I'll have the free cash and will love doing this...

p1stonhead

27,687 posts

182 months

Friday 1st May 2020
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OP if your friend wants the big money then he should go down the Quantity Surveying route.

£70k+ relatively easy in the south east with 5-7 years post grad experience and providing you are actually good.

I did a 5 year day release degree and am now 9 years post grad.

QS leads to commercial manager, which leads to commercial director and the sky is the limit money wise at that point.

For the record I’m not chartered as have always worked on contractors side so not really needed. Never been an issue.

OW29

50 posts

183 months

Friday 1st May 2020
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Not sure if this answers any of your questions but....

I did an RICS accredited Master's in Construction after doing a geography undergraduate degree. I was looking to qualify as, and currently work as a Quantity Surveyor. Quantity Surveying is in high demand as there are more jobs than competent surveyors. I was put through the Masters by my employer at the time (2004), part time whilst working, and it helped a huge amount being able to put into practice what I was learning. There are still a lot of contractors / consultancies taking on the right people and then putting them through the required qualifications, worth looking into.

QS'ing is, as mentioned above, quite different to building or estates surveying, we basically deal with construction finances and contracts, amongst other things. A good QS can save clients / employers a chunk of change, hence high salary.

In our industry, QSs tend to either work for a Contractor, Consultancy or Client. I worked for a consultancy for 12 years (essentially working with clients to help them manage their construction projects from inception to completion). Consultancy side is quite interesting as you get to work with lots of different clients / teams, on different projects in different ways and it also gives you a good breadth of knowledge. Contractor side is about trying to make your company as good a margin as possible on a project, through negotiating sub contracts, contractual awareness and fighting ( financially) with the consultant QS! Client side is where I work (as Head of Quantity Surveying) but is generally reserved for QSs with significant experience in a client's specific sector.

Becoming Chartered is something that you work towards following completion of your degree / masters and tends to mean you can commend higher salary.

To answer the Q's;

Whilst businesses and governments are doing construction work, Surveying is still a good career. Progression can be rapid for the right person (good QS and goo with people!).

Through trying to recruit and also looking after the graduate recruitment programme at the last place... A non-cognate graduate that has no experience and needs is to fund a degree would start at £18k-£22k, a fresh graduate, £25k plus benefits, a QS with 2-5 yrs experience £30k-£45k, a senior QS £40k- £60k, an associate £55k to £75k, Director £80k plus... This is Midlands (I worked west Midlands).

There is high demand for QSs, can't say for other disciplines.

Hope that helps.

I really enjoy what I do but you have to learn the ropes for a few years and some of the subject matter is pretty boring! It can also be quite confrontational as you are dealing with money so negotiations can become emotive!

Doing the Masters was the best thing I did and is a good way into the industry.

Cheers

afterparty

Original Poster:

18 posts

63 months

Saturday 2nd May 2020
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Seems like the Quantity Surveying and Building Surveying area are the stronger demand jobs.

I'm also looking to do a Bachelor Degree in one of the Built environment subjects in couple of years once i fix some a few things out.

Thanks for the help guys. Much Appreciated.

MrC986

3,679 posts

206 months

Sunday 3rd May 2020
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afterparty said:
Seems like the Quantity Surveying and Building Surveying area are the stronger demand jobs.

I'm also looking to do a Bachelor Degree in one of the Built environment subjects in couple of years once i fix some a few things out.
As a qualified General Practice Chartered Surveyor whose seen a couple of recessions, I can concur from my own experiences that Building Surveyors seem the hardiest when it comes to recessions, even in comparison to Quantity Surveyors.

Anything that deals with selling, letting or buying is more subject to market forces than building surveyors & property/estate managers though the latter is not considered a glamourous job prospect for many & often described as looking after “loo rolls & light bulbs” (I’m allowed to say this as I’m doing a property manager role currently, albeit on contract). I’ve found that the jobs that used to have the most “jollies” are the one that get affected first in recession type situations btw.

There are several dedicated employment websites for surveyors including the RICS (ricsrecruit.com), propertyjobs.co.uk & propertyweek4jobs.com which will give an idea of salary ranges once your beyond your first qualified job.

N111BJG

1,204 posts

78 months

Sunday 3rd May 2020
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I’ve been a Chartered Surveyor for nearly 30 years, I qualified as a QS when working for a contractor. I’ve also worked for developers & as loss adjuster. Over my lifetime there have been several recessions and when younger made redundant many times (owing to employers going bust) I have never been out of work for more than a few days. I been working for my own business since early 2000’s.

As the grey haired chaps older than me have gradually retired I’ve moved to dispute resolution & expert witness which is suited to a more mature outlook on life as its more about people that anything else.

Working in the built environment means that the stuff I’ve learned about buildings will not go out of date for a long time, unlike IT, accountancy etc where my mates are struggling to keep up to date as they get older.
The money is good, the work is varied, I meet loads of new people every year. I enjoy my working life.

Chamon_Lee

3,941 posts

162 months

Tuesday 5th May 2020
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Funny you bring this up OP as it’s something I have thought about on and off for the last year. I have ran my own company for the last 10 years and just feel like a change!!

QS would seem like it would suit me to a T and I don’t mind going back and getting a masters as I have a degree in accountancy and finance anyway.

The starting salary/entry into a good company barriers does make my slightly apprehensive.

The quick progression is the other reason I really liked this field.

RS93

197 posts

63 months

Tuesday 5th May 2020
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Really good options i must say,

graduated last year with an undergraduate in Building Surveying. Had a wide range of job offers from Trainee schemes to complete APC in London to working for local charities managing Building Stock. I opted for a role working as an Asset Surveyor for a housing association. I love it as work / life balance is important to me and did not fancy the whole commute into london. my hours are 9am until 4.30pm and often work from home. Great prospects and have the opportunity to become Chartered in the future if you so wish.

ClaphamGT3

11,742 posts

258 months

Tuesday 5th May 2020
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I've been a chartered building surveyor for 26 years. I've worked in private practice nearly all my career, mainly for multi-disciplinary practices. Like many building surveyors, much of the technical work that I did in the early part of my career was project management.

Surveying is a broad-based profession. Agency/GP has historically been the most lucrative although is experiencing a significant amount of disruption and major agency practices are accelerating their diversification.

QSing is similarly highly vulnerable to disruption. My practice is always one of the top three QS practices by scale but we expect that it is the part of the business that will be digitised quickest and furthest

There was still strong demand across disciplines pre-Covid although the next year or two might be more challenging.

Salary levels vary across the country but expect grad salaries to start in the £20ks and to jump on qualification.

In private practice, If you are good, six figures is straightforward, high six figures possible and seven figures rare unless you are at senior partner/CEO level in a big practice

OzzyR1

6,100 posts

247 months

Sunday 10th May 2020
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ClaphamGT3 said:
In private practice, If you are good, six figures is straightforward, high six figures possible and seven figures rare unless you are at senior partner/CEO level in a big practice
With respect, that is not the case for the vast majority.







ClaphamGT3

11,742 posts

258 months

Sunday 10th May 2020
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OzzyR1 said:
ClaphamGT3 said:
In private practice, If you are good, six figures is straightforward, high six figures possible and seven figures rare unless you are at senior partner/CEO level in a big practice
With respect, that is not the case for the vast majority.
I’d agree, but it is the upper end of the scale for those looking for a range

nute

831 posts

122 months

Sunday 10th May 2020
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I’m a building surveyor, qualified about 30 years ago and work in the south. I’ve never been out of a job and now run my own practice. If I had my time again it’s not something I would chose but as a job it pays pretty well, six figures is a stretch but possible.

It’s interesting work, and beats being stuck behind a desk all the time.

I do quite a lot of work for a much larger practice who are constantly struggling to find decent building surveyors. It’s fairly recession proof discipline, leases are always coming to an end resulting in disputes regarding repair of buildings, roofs are always leaking etc.