The 2007-2010 Great Recession was brutal to all industries especially the architecture. I had only been working for about 2 years when my colleagues started to get laid off. It was brutal. In this chapter I share stories from those very depressing days.Read More
You did not get into architecture for the money but you should demand fair compensation. Should we acquiesce or demand change?Read More
Architects are their own worst enemy.
There are challenging clients as well as shifty contractors. There are forensic architects and attorneys looking for ways to sue architects.
There are many obstacles in the business world of architecture but by far the #1 threat is architects themselves. We do it to ourselves. These four business blunders hinder architects from creating successful businesses.Read More
When an owner invests in the construction of a building this is likely the largest expenditure they will ever make. An architect must be empathetic to this situation and their client's budget. These are extremely large sums of money and there is a lot of risk involved.
Although every project is different, you will likely encounter these 5 budget challenges on each project.Read More
The two most common fee structures between an Architect and Owner are a lump sum agreement and an hourly agreement. In this section I describe each agreement, provide examples and analyze the pro and cons.Read More
I wish that architecture firms gave robust annual pay increases but that is not how the world works. Many firms are just struggling to get by and rely heavily on cheap intern architect labor. If you want a raise then you have to ask for a raise. In this blog I share 4 tips for asking for a raise.
The question you should be asking is not: “how much will I make as an Architect, but how can I make more money as an architect?” In this article I share 5 ways to increase your income as an Architect.Read More
Money plays a tiny role in Architecture School and plays a giant role in the real world of Architecture. With the lack of proper business training, many architects struggle to run financially successful businesses. The failure of firm owners to run profitable businesses trickles down to the emerging professionals in the form of sub-standard pay.
So how much will you make as an Architect? In this chapter I discuss the Big Three Factors that will help you predict your earning potential and I show what you can expect for your first ten years as an Architect.Read More
If you are looking for a job at an Architecture Firm then the size of the firm is something that you need to carefully consider. For example did you know that a project manager at a large architecture firm makes on average $29,000 more than a project manager at a small firm? Size does matter. Income disparity is just one of the many differentiators covered in this blog.Read More
The role of money in Architecture is one of the themes of this book and an element that will stifle you throughout your entire career as an Architect. Upon graduating architecture school, you will be most underprepared for these 4 roles of money in Architecture: A Client's Budget, The Business of Architecture, an Architect's Income and the Economy.Read More