How to boost your earning potential as a Quantity Surveyor
With the Quantity Surveyor market busier than ever, it’s only natural that even the most content professionals are curious to know what the market is paying. If that’s you, and you are curious to know how you could boost your potential earnings, then you have come to the right place.
These are the top 5 ways you could boost your earning potential
Training/Skills
The more skills that you have on your CV and can demonstrate, the more valuable of an asset you are to an employer due to your versatility within the business.
Typically, employers seek Quantity Surveyors who have skills in the following areas:
- Budgeting
- Experience on Major Projects
- Long-Term Planning
- Risk Assessment
- Leadership Skills
- Negotiation
- Strong Contractual Knowledge
- Creativity
- Continued commitment to further education
- Financial Management
If you continue to hone in on these skills then you are in a good position to boost your earning potential. If your current employer isn’t able to offer you training or progression then why not look for a new opportunity where you are able to improve your skills and knowledge.
Relocate
Relocating can be vital for boosting earning potential as Quantity Surveyor and career location does often have an impact on salary. This is because it is well known that you can earn more in a big city rather than those a bit further afield.
Therefore, one of the best places to work as Quantity Surveyor is, London.
If you were looking to relocate and work within London and the surrounding counties you can typically expect to earn around 20 – 30 % more to not only compensate those increased costs of living in the capital but there is a much higher demand in the city. London has many projects going on and therefore plenty of work for Quantity Surveyors. Because of these qualities, the average base pay for Quantity Surveyors in London is £39,585 per annum, well above the national average.
Explore New Opportunities / Switch Sector
If you’ve been in your current role for a while then maybe it is time for a change and a great time for you to explore new opportunities. You will have accumulated many skills in your current role that will enable you to boost your earning potentials. If you are a QS with anywhere between 2-10 years relevant experience, you will be a sought after candidate.
With your experience you can move into a more senior position which will likely increase your salary to around £45,675 per annum. If you are someone who is looking to move into more of a management position then you can look at earning around £45,000 – £50,000 per annum. Of course the best way you can achieve this is to continue on your path of gaining experience and working towards learning as many new skills as you can.
Networking
This is something that is becoming more and more important when it comes to getting ahead of the game. Ensuring that you build a network of professionals, whether that be within your current place of work or those outside, it is extremely important and will be key to you being able to progress within your career. Networking doesn’t only connect you with individuals who can offer you advice and mentor you in the right direction it can also connect you with individuals who can help you find you your next move. Recruitment Consultants that specialise in your niche market can be fundamental when it comes to bringing you the right career move.
So what do you need to do?
Network, that’s right. You need to be networking with the right individuals, whether that be via LinkedIn or at expos.
Qualifications
Obviously having the most relevant qualifications is going to help you with your earning potential. However, it is surprising at the amount of people who have yet to gain notable QS qualifications, such as being RICS qualified.
As the leading property professional body, becoming a member of RICS opens up a world of opportunities. Over 118,000 professionals worldwide have now attained RICS status, gaining a competitive advantage in the marketplace. It is a known fact that individuals that are RICS qualified are more likely to earn more money due to the qualification being so highly recognised.
If you are wondering what to do next in your career as a Quantity Surveyor then download our free guide to give you all the tips you’ll need. – Open Guide
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