What is a chartered surveyor?
A chartered surveyor is someone who is a professional who assesses properties for defects, and future issues. Even future problems. They can also assess the value of a property and let their clients see if it is worth the money or even have some negotiations. They make a detailed report and present it to the client. In short, they are someone who helps a client in terms of property purchases and helps you decide what fits the budget. With that, it is important to be familiar with the chartered surveyor salary. Let's dive into it.
Base salary of a chartered surveyor in the UK
According to the data provided by Reed, the average salary of a chartered surveyor in the UK is £55,239 per year. However, in other parts of the United Kingdom, salaries are higher than in other places. Meanwhile, data from Checksalary says that the base salary on average is around £25,300 per year for newer ones. However, they also hint that experienced chartered surveyors earn up to £54,500 per year.
Source: Statistica and Property Inspect
How much is the hourly rate?
From the data of UK Talent, this is for the entry-level position with an annual rate of £42,500, the hourly rate is £20.43. In the average position with an annual rate of £50,00, the hourly rate is £25.64. Additionally, for the seasoned chartered surveyors, the annual rate can reach up to £62,500 with the hourly rate being £30.05. This is usually all the gathered data for chartered surveyor salary.
The salaries mentioned are in the categories of low, medium, and high. The entry-level being considered low, the average being medium and the highest as the desired salary. Each salary grade mentioned is solely based on experience and qualifications. However, hourly rates can be different depending on the offered salary from different companies.
Some salaries can go higher or lower so hourly rates differ for each company. That being said, the ones mentioned above are recorded in different salaries and similar to many.
Current salary of a chartered surveyor
As of August 30, 2024, the current average salary is between £36K to £54K per year. Furthermore, there is a compensation that ranges between £2,906 to £11,681. The average compensation is £5,826. All the data gathered is from across 146 salaries. In different locations all across the United Kingdom, this differs but the average is roughly near the amounts mentioned.
As mentioned, the salary and rates are dependent on location, qualification, and experience. Some may offer lower than £36K per year and would have it between £20,000 to £30,000.
Does the salary stay the same for a chartered surveyor?
In different places and even companies, some offers can go higher or have a slight difference. This also depends on the demand and there are a few places that have offered higher. According to research, the chartered surveyor salary in Bury St. Edmunds is £82,500. Then in Leeds, it is also £82,500 and in South West London, it is £55,000. Other places are lower but not lower than £36K from Glassdoor's data.
According to Statistica's data, from 2021, there was an increase in chartered surveyors and this may impact the salary as well. The demand is higher and it is becoming a competitive line of jobs. So it can be safe to assume the salary does not stay the same.
How to become a chartered surveyor?
Becoming a chartered surveyor requires you to complete your bachelor's degree first. You would need to find a university and start from there. After that, while in university, it would be a bit faster to find a RICS-accredited course. However, it's possible to still complete your degree if it lacks the accreditation, it takes a bit more work but the results are the same.
You don't need to take a doctorate or master's but the process is also a bit long and different. This includes relevant experience for an MRICS membership, five years of relevant work experience, and a chartered surveyor apprenticeship. This is a general section to understand the path better.
Chartered surveyor salary and the average
The average salary is somehow satisfactory to at least 69.18% of chartered surveyor professionals. Along with the potential £5,826 added as compensation per year, it can qualify as a good salary. This is all the current data for August 2024. Rest assured that this current percentage may increase and that the average may be better depending on how experienced you are.
How can CCM help with your potential path?
The College of Contract Management is an excellent choice. The college has a primary focus on construction and engineering, you can find the training courses on the site and choose where to go. They offer CPD courses as well which furthers your own qualifications for the role. There are a few RICS-accredited courses as well to shorten your path if you prefer.
The College of Contract Management puts in tailored and quality education to help you reach your future, with many construction and engineering courses. Shape your road with the CCM and be one step closer to getting the chartered surveyor salary after increasing your qualifications. Be ready to achieve your own goals.
