Qualifications in Real Estate
Becoming qualified and joining professional memberships is on the rise in the Real Estate and Built Environment industries. We compare the average salaries for the most popular bodies in each region, as well as average salaries for those with a degree and MBA.
Sign up or login to access the full report.
In sponsorship with The Royal Institute of Chartered Surveyors.
Key Qualification Findings
believe having a qualification has advanced their career
1 in 10
are considering studying for a vocational qualification in the next 12 months since Covid-19
Salary increase for RICS qualified professionals vs. their non-qualified colleagues
Where it costs not to be qualified
Nowhere is it more apparent of the monetary benefits of being qualified than in Asia, namely Hong Kong. Not only do we see more MBA achievers than in Europe, but it is quite common for Real Estate professionals in Asia to have several professional memberships and vocational training on top of an MBA.
Average salaries in Hong Kong increase by 27% with an industry-related qualification and by a staggering 70% with an MBA.
Similarly, financial benefits can be seen in Singapore by qualification type, with an increased average of 20% and 49% for an industry qualification and MBA respectively.
Average RICS Salaries by Region, annual / monthly
Expected salary increases for those who go on to qualify can see an average 30% increase in the UK / Europe and as much as 40% in Hong Kong.
Search a salary
Outside London (£)
UK Average (£)
Hong Kong (HK $)
Singapore (S $)
Europe Average (€)
Middle East Average (AED)
2020 has been a year like no other. With significant challenges from a global pandemic, a change to the way that we work and increasing financial insecurity across global economies, it is sometimes difficult to look at pay in isolation to the experiences that professionals and firms have encountered. However, it is positive to see that professional standards and expertise still hold a valuable place and that being an RICS qualified professional continues to be recognised through being paid a higher salary.
It is also positive to see that despite these uncertainties there is little desire to move from the industry largely due to confidence in recovery taking place in 2021.
Whilst progress is being made in the difference between women and men in the industry in terms of pay disparity, it is unfortunate to see that women’s rates of pay are lower than the 2019 average for all qualified professionals.
We know that the pandemic has disproportionately affected women and minorities in terms of pay due to furlough and redundancy. This year, in building back from Covid-19, a reduction in the pay gap between men and women must be a priority within the industry.
Is now the right time to study for a qualification? With 1 in 3 respondents considering so, it certainly seems the pandemic has encouraged self-improvement and further training. This shows a really positive sign of the commitment of those in the real estate sector.
Alex Moore, Director – London