macdonald and company
macdonald and company

UK Real Estate Salaries

The median UK salary for 2020-21 went up by £2,000 since 2019. However, with economic setbacks, most UK salaries have remained unchanged since the Covid-19 outbreak, with nearly two-thirds of individuals reporting no change in pay coming into 2021.

It is clear that the retail, leisure and hospitality sectors are suffering, and unfortunately, this is a trend that is unlikely to buckle in the months ahead. In comparison, we have seen growth in healthcare, industrial and logistics, and BTR hiring top-talent across development with investment continuing to gain momentum.

The market sentiment caught in early 2021 is that of optimism, albeit that salaries will remain static, bonuses and other benefits will need to be factored in if performance measures are achieved.

For the first time, we have reported the real estate salary gaps by ethnicity. Although the data highlights a sobering picture in some professions, we’re confident the industry is aware of its’ challenges and that we’ll see the gap narrow in the near future.

Sign up or login to access the full report.

Simon Crabb, Managing Director - UK

Key UK Salary Findings

£50,000

Median UK salary

16%

London salary premium

45%

reduction in those receiving a salary rise since the pandemic

Average UK base salaries

by Industry / Profession and Seniority (Median)

Search a salary

London

MD / EXEC DIRECTOR / C-SUITE £ 155000
DIRECTOR / PARTNER £ 120000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 65000
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 45000
MEAN £ 58866

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 135000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 67990
QUALIFIED / PROFESSIONAL / ANALYST £ 39000
GRADUATE / ASSISTANT / IN TRAINING £ 23250
NET £ 40000
MEAN £ 50431

UK

MD / EXEC DIRECTOR / C-SUITE £ 155000
DIRECTOR / PARTNER £ 120000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 65490
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 45000
MEAN £ 57684

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 95000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 35500
NET £ 57000
MEAN £ 66806

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 71000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £ 32500
GRADUATE / ASSISTANT / IN TRAINING £ 22000
NET £ 44500
MEAN £ 47880

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 75000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 46500
QUALIFIED / PROFESSIONAL / ANALYST £ 34000
GRADUATE / ASSISTANT / IN TRAINING £ 22500
NET £ 50000
MEAN £ 55786

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 87500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60500
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 40000
MEAN £ 46663

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 71000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 52000
QUALIFIED / PROFESSIONAL / ANALYST £ 41000
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 42300
MEAN £ 53725

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 80000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 40000
MEAN £ 47619

London

MD / EXEC DIRECTOR / C-SUITE £ 217000
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 69000
QUALIFIED / PROFESSIONAL / ANALYST £ 55000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 80000
MEAN £ 94489

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 115000
DIRECTOR / PARTNER £ 86000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £ 39000
GRADUATE / ASSISTANT / IN TRAINING £ 24000
NET £ 58804
MEAN £ 66594

UK

MD / EXEC DIRECTOR / C-SUITE £ 150000
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60000
QUALIFIED / PROFESSIONAL / ANALYST £ 51500
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 70000
MEAN £ 80714

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 62000
QUALIFIED / PROFESSIONAL / ANALYST £ 75000
GRADUATE / ASSISTANT / IN TRAINING £
AVERAGE £ 68500
MEAN £ 68500

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 70000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 61500
QUALIFIED / PROFESSIONAL / ANALYST £ 30550
GRADUATE / ASSISTANT / IN TRAINING £ 18000
AVERAGE £ 42000
MEAN £ 44846

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 70000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 62000
QUALIFIED / PROFESSIONAL / ANALYST £ 33100
GRADUATE / ASSISTANT / IN TRAINING £ 18000
AVERAGE £ 50000
MEAN £ 48000

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 93000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 70000
QUALIFIED / PROFESSIONAL / ANALYST £ 51500
GRADUATE / ASSISTANT / IN TRAINING £ 26750
NET £ 56000
MEAN £ 58095

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 97500
DIRECTOR / PARTNER £ 65000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 49750
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 41100
MEAN £ 52252

UK

MD / EXEC DIRECTOR / C-SUITE £ 97500
DIRECTOR / PARTNER £ 67250
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 53000
QUALIFIED / PROFESSIONAL / ANALYST £ 42500
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 45000
MEAN £ 53545

London

MD / EXEC DIRECTOR / C-SUITE £ 122500
DIRECTOR / PARTNER £ 85000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 66200
QUALIFIED / PROFESSIONAL / ANALYST £ 42000
GRADUATE / ASSISTANT / IN TRAINING £ 28200
NET £ 76500
MEAN £ 102264

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 79000
DIRECTOR / PARTNER £ 96000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 52270
QUALIFIED / PROFESSIONAL / ANALYST £ 29950
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 52500
MEAN £ 59937

UK

MD / EXEC DIRECTOR / C-SUITE £ 114000
DIRECTOR / PARTNER £ 95000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 56500
QUALIFIED / PROFESSIONAL / ANALYST £ 32250
GRADUATE / ASSISTANT / IN TRAINING £ 25500
NET £ 64000
MEAN £ 81750

London

MD / EXEC DIRECTOR / C-SUITE £ 200000
DIRECTOR / PARTNER £ 90000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60000
QUALIFIED / PROFESSIONAL / ANALYST £ 43500
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 61500
MEAN £ 72981

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 78500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 42000
QUALIFIED / PROFESSIONAL / ANALYST £ 36000
GRADUATE / ASSISTANT / IN TRAINING £ 26550
NET £ 53500
MEAN £ 57354

UK

MD / EXEC DIRECTOR / C-SUITE £ 200000
DIRECTOR / PARTNER £ 80000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 52500
QUALIFIED / PROFESSIONAL / ANALYST £ 42000
GRADUATE / ASSISTANT / IN TRAINING £ 26600
NET £ 59000
MEAN £ 65847

London

MD / EXEC DIRECTOR / C-SUITE £ 200000
DIRECTOR / PARTNER £ 120000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 76750
QUALIFIED / PROFESSIONAL / ANALYST £ 44000
GRADUATE / ASSISTANT / IN TRAINING £ 32000
NET £ 90000
MEAN £ 98303

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 136000
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 65000
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 23250
NET £ 60000
MEAN £ 67219

UK

MD / EXEC DIRECTOR / C-SUITE £ 155000
DIRECTOR / PARTNER £ 115000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 70000
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 24250
NET £ 70000
MEAN £ 83011

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £
MEAN £

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 45000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 35000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 35000
MEAN £ 34468

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 45000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 35000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 35000
MEAN £ 34468

London

MD / EXEC DIRECTOR / C-SUITE £ 169000
DIRECTOR / PARTNER £ 92000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60000
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 60000
MEAN £ 71319

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 90000
DIRECTOR / PARTNER £ 78000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 48000
QUALIFIED / PROFESSIONAL / ANALYST £ 43000
GRADUATE / ASSISTANT / IN TRAINING £ 24000
NET £ 48500
MEAN £ 63986

UK

MD / EXEC DIRECTOR / C-SUITE £ 147000
DIRECTOR / PARTNER £ 84000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 50000
QUALIFIED / PROFESSIONAL / ANALYST £ 43800
GRADUATE / ASSISTANT / IN TRAINING £ 24500
NET £ 51500
MEAN £ 65742

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 192500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 63425
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 34000
NET £ 49000
MEAN £ 72951

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 90000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45950
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 26500
NET £ 45000
MEAN £ 44462

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 47000
QUALIFIED / PROFESSIONAL / ANALYST £ 45000
GRADUATE / ASSISTANT / IN TRAINING £ 29000
NET £ 45000
MEAN £ 53714

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £
MEAN £

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 47500
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 27500
NET £ 44750
MEAN £ 46405

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 47500
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 27500
NET £ 44750
MEAN £ 46405

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 40000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 29000
NET £ 67000
MEAN £ 71083

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 67500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £ 28000
GRADUATE / ASSISTANT / IN TRAINING £ 29500
NET £ 45000
MEAN £ 48500

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 97500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 43500
QUALIFIED / PROFESSIONAL / ANALYST £ 28000
GRADUATE / ASSISTANT / IN TRAINING £ 29250
NET £ 50000
MEAN £ 62763

London

MD / EXEC DIRECTOR / C-SUITE £ 140000
DIRECTOR / PARTNER £ 122500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 70000
QUALIFIED / PROFESSIONAL / ANALYST £ 44000
GRADUATE / ASSISTANT / IN TRAINING £ 31500
NET £ 70000
MEAN £ 78516

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 107000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £ 35700
GRADUATE / ASSISTANT / IN TRAINING £ 38750
NET £ 53500
MEAN £ 60093

UK

MD / EXEC DIRECTOR / C-SUITE £ 140000
DIRECTOR / PARTNER £ 110000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 61500
QUALIFIED / PROFESSIONAL / ANALYST £ 43000
GRADUATE / ASSISTANT / IN TRAINING £ 39000
NET £ 58500
MEAN £ 67144

London

MD / EXEC DIRECTOR / C-SUITE £ 140000
DIRECTOR / PARTNER £ 120000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 66500
QUALIFIED / PROFESSIONAL / ANALYST £ 55000
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 95000
MEAN £ 107321

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 139000
DIRECTOR / PARTNER £ 117000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 62000
QUALIFIED / PROFESSIONAL / ANALYST £ 24000
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 94000
MEAN £ 106632

UK

MD / EXEC DIRECTOR / C-SUITE £ 140000
DIRECTOR / PARTNER £ 119000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 65000
QUALIFIED / PROFESSIONAL / ANALYST £ 55000
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 95000
MEAN £ 107256

London

MD / EXEC DIRECTOR / C-SUITE £ 131000
DIRECTOR / PARTNER £ 93500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 70000
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 38500
NET £ 55000
MEAN £ 60772

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 100000
DIRECTOR / PARTNER £ 170000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 42000
QUALIFIED / PROFESSIONAL / ANALYST £ 28750
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 48500
MEAN £ 69458

UK

MD / EXEC DIRECTOR / C-SUITE £ 100000
DIRECTOR / PARTNER £ 95000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 65500
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 38500
NET £ 55000
MEAN £ 61278

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 120000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 63000
QUALIFIED / PROFESSIONAL / ANALYST £ 51500
GRADUATE / ASSISTANT / IN TRAINING £ 35000
NET £ 68000
MEAN £ 81506

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 97500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 40000
QUALIFIED / PROFESSIONAL / ANALYST £ 42000
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 50000
MEAN £ 57349

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 110000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 57500
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 64000
MEAN £ 72850

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £
QUALIFIED / PROFESSIONAL / ANALYST £ 41250
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 37500
MEAN £ 35833

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 115000
DIRECTOR / PARTNER £ 125000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 54500
QUALIFIED / PROFESSIONAL / ANALYST £ 34500
GRADUATE / ASSISTANT / IN TRAINING £ 18000
NET £ 55000
MEAN £ 66526

UK

MD / EXEC DIRECTOR / C-SUITE £ 115000
DIRECTOR / PARTNER £ 125000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 54500
QUALIFIED / PROFESSIONAL / ANALYST £ 37500
GRADUATE / ASSISTANT / IN TRAINING £ 21500
NET £ 53000
MEAN £ 61411

London

MD / EXEC DIRECTOR / C-SUITE £ 157500
DIRECTOR / PARTNER £ 85000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £ 44000
GRADUATE / ASSISTANT / IN TRAINING £ 30500
NET £ 60000
MEAN £ 68810

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 62500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 46000
QUALIFIED / PROFESSIONAL / ANALYST £ 35500
GRADUATE / ASSISTANT / IN TRAINING £ 23500
NET £ 45000
MEAN £ 52441

UK

MD / EXEC DIRECTOR / C-SUITE £ 157500
DIRECTOR / PARTNER £ 65000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 50000
QUALIFIED / PROFESSIONAL / ANALYST £ 38000
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 50000
MEAN £ 60928

London

MD / EXEC DIRECTOR / C-SUITE £ 110000
DIRECTOR / PARTNER £ 81000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 50000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 36000
NET £ 70000
MEAN £ 85333

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 68000
DIRECTOR / PARTNER £ 75000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 21000
NET £ 57500
MEAN £ 62720

UK

MD / EXEC DIRECTOR / C-SUITE £ 98000
DIRECTOR / PARTNER £ 77000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 60000
MEAN £ 69285

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 97500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 43250
MEAN £ 51952

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 84000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 50000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 24000
NET £ 43000
MEAN £ 47302

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 88500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 52000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 26000
NET £ 43000
MEAN £ 49987

London

MD / EXEC DIRECTOR / C-SUITE £ 120000
DIRECTOR / PARTNER £ 105000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 71750
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 65000
MEAN £ 71115

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 115000
DIRECTOR / PARTNER £ 85000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 59000
QUALIFIED / PROFESSIONAL / ANALYST £ 49000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 57500
MEAN £ 60460

UK

MD / EXEC DIRECTOR / C-SUITE £ 120000
DIRECTOR / PARTNER £ 95000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 64000
QUALIFIED / PROFESSIONAL / ANALYST £ 50000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 60000
MEAN £ 66473

London

MD / EXEC DIRECTOR / C-SUITE £ 125000
DIRECTOR / PARTNER £ 85000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 47250
QUALIFIED / PROFESSIONAL / ANALYST £ 40500
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 47650
MEAN £ 56864

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 77500
DIRECTOR / PARTNER £ 65000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 43000
QUALIFIED / PROFESSIONAL / ANALYST £ 36000
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 42000
MEAN £ 49737

UK

MD / EXEC DIRECTOR / C-SUITE £ 110000
DIRECTOR / PARTNER £ 80000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 26000
NET £ 45000
MEAN £ 53224

London

MD / EXEC DIRECTOR / C-SUITE £ 102000
DIRECTOR / PARTNER £ 88000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 70000
QUALIFIED / PROFESSIONAL / ANALYST £ 52000
GRADUATE / ASSISTANT / IN TRAINING £ 28000
NET £ 59000
MEAN £ 63364

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 185000
DIRECTOR / PARTNER £ 74750
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 55400
QUALIFIED / PROFESSIONAL / ANALYST £ 44000
GRADUATE / ASSISTANT / IN TRAINING £ 23000
NET £ 43000
MEAN £ 48485

UK

MD / EXEC DIRECTOR / C-SUITE £ 126500
DIRECTOR / PARTNER £ 85000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 60000
QUALIFIED / PROFESSIONAL / ANALYST £ 48140
GRADUATE / ASSISTANT / IN TRAINING £ 24250
NET £ 50000
MEAN £ 53445

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 113000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 113000
MEAN £ 113000

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 69000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 65000
MEAN £ 65395

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 70500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 65000
MEAN £ 68195

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 110000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 63200
QUALIFIED / PROFESSIONAL / ANALYST £ 52000
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 65600
MEAN £ 110458

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 60000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 68750
QUALIFIED / PROFESSIONAL / ANALYST £ 60000
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 60000
MEAN £ 62667

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 75000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 63200
QUALIFIED / PROFESSIONAL / ANALYST £ 56000
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 61600
MEAN £ 94528

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 80000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 48000
QUALIFIED / PROFESSIONAL / ANALYST £ 30000
GRADUATE / ASSISTANT / IN TRAINING £ 21500
NET £ 37350
MEAN £ 53733

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 60000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 34250
QUALIFIED / PROFESSIONAL / ANALYST £ 29000
GRADUATE / ASSISTANT / IN TRAINING £ 24000
NET £ 30000
MEAN £ 38071

UK

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 72500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 36200
QUALIFIED / PROFESSIONAL / ANALYST £ 29000
GRADUATE / ASSISTANT / IN TRAINING £ 24000
NET £ 33750
MEAN £ 47527

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 50000
QUALIFIED / PROFESSIONAL / ANALYST £ 70000
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 85000
MEAN £ 90786

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 73500
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 38500
QUALIFIED / PROFESSIONAL / ANALYST £ 35250
GRADUATE / ASSISTANT / IN TRAINING £ 42000
NET £ 38500
MEAN £ 44846

UK Average

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £ 36000
GRADUATE / ASSISTANT / IN TRAINING £ 42000
NET £ 50000
MEAN £ 68667

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 72000
QUALIFIED / PROFESSIONAL / ANALYST £
GRADUATE / ASSISTANT / IN TRAINING £
NET £ 72000
MEAN £ 72000

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 106000
DIRECTOR / PARTNER £ 44438
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 40000
QUALIFIED / PROFESSIONAL / ANALYST £ 28000
GRADUATE / ASSISTANT / IN TRAINING £ 26250
NET £ 33500
MEAN £ 39457

UK

MD / EXEC DIRECTOR / C-SUITE £ 106000
DIRECTOR / PARTNER £ 44438
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 40000
QUALIFIED / PROFESSIONAL / ANALYST £ 28000
GRADUATE / ASSISTANT / IN TRAINING £ 26250
NET £ 35000
MEAN £ 40291

London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 110000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 40500
QUALIFIED / PROFESSIONAL / ANALYST £ 30000
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 40000
MEAN £ 61475

Outside London

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 55000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 57500
QUALIFIED / PROFESSIONAL / ANALYST £ 25625
GRADUATE / ASSISTANT / IN TRAINING £ 20000
NET £ 32875
MEAN £ 42144

UK Average

MD / EXEC DIRECTOR / C-SUITE £
DIRECTOR / PARTNER £ 100000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 45000
QUALIFIED / PROFESSIONAL / ANALYST £ 30000
GRADUATE / ASSISTANT / IN TRAINING £ 25000
NET £ 37500
MEAN £ 58113

London

MD / EXEC DIRECTOR / C-SUITE £ 125000
DIRECTOR / PARTNER £ 70000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 53250
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 30000
NET £ 50000
MEAN £ 53898

Outside London

MD / EXEC DIRECTOR / C-SUITE £ 45000
DIRECTOR / PARTNER £ 55000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 42250
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 23000
NET £ 42000
MEAN £ 48155

UK Average

MD / EXEC DIRECTOR / C-SUITE £ 120000
DIRECTOR / PARTNER £ 62000
SENIOR MANAGER / HEAD OF / MANAGER / ASSOCIATE £ 47500
QUALIFIED / PROFESSIONAL / ANALYST £ 40000
GRADUATE / ASSISTANT / IN TRAINING £ 27000
NET £ 45000
MEAN £ 50171

Hiring managers and businesses can receive salary bench-marking and data for specific job professions, by requesting a bespoke report.

Learn more

Average annual base salaries, by Asset Class

Industrial / Logistics, Built to Rent and Self-Storage are among the top paying Asset classes in UK Real Estate.

Average annual base salaries, by Seniority

The London pay premium significantly increases by 30% from Director level.

Average (median) base salary change from 2019, by UK region

Most areas in the UK have seen average salaries increase with the midlands leading by an average £3,300 rise.

Nathan Wakelam, Director - Manchester

Closing in on London's salary premiums

This year’s results continue to show what we are seeing ‘on the ground’: that the London-to-Regions pay gap is reducing.

Median salaries for the regions outside of the capital are now at £47,000 (16% difference), in comparison to 2019 where the average was £44,270 in 2019 (22% difference from London). Where some London salaries have stagnated, the regions that have seen development and infrastructure investment are showing salaries creep up.

Driving the pay gap closure are the sectors and professionals in Quantity Surveying (+7.7% vs. London), and Architecture & Design (+8.7%), with Planning seeing a London premium of just 13.9%.

As we embrace new and remote ways of working into the near future, it is possible we’ll see further closures in pay gaps across the UK; a great cultural shift from the concentrated reward-focused talent pools in London.

Changes to base salary by demographic, before and after COVID-19

The UK has seen salary stagnation since the pandemic, with BAME and those aged 65+ more likely to have faced unemployment.

Reason for base salary increase, before and after Covid-19

Annual pay reviews, along with organisational restructures and moving jobs were the main reasons for receiving a pay rise the minority gained since the start of the pandemic.

Alistair Carter, Director - London

Making annual pay reviews work for you

For 20 years, salary has been the biggest driver for those considering a new role in our survey. This year it has lost its pole position to work-life balance, but the annual pay review remains a crucially important date in all employees’ diaries.

What we have learned from the pandemic is that the financial rewards are not the only levers that can be pulled to ensure a winning annual review. It may be more effective to take into account attitudes toward working from home, having flexible hours and encouraging personal development with training grants, well-being schemes and so on.

Employers/Managers: Ensure you cross-reference reviews with the varied attitudes toward monetary and non-monetary benefits by seniority (see data.)

Average UK salaries, by Ethnicity

Those from a White ethnic background get paid the most in Real Estate, with the pay gap between White and Black ethnic backgrounds standing at 30%.

Average salary per sector, by Gender and Ethnicity

Property Management suffers the worst from average pay disparity in both the Female and BAME categories, with Asset Management out performing all other sectors in closing the diversity gap.

Peter Moore, CEO

The sectors ahead of the diversity pay gap - and those to watch

There’s been no greater time to look closely at pay disparity between Gender and Ethnicity in Real Estate as there is now.

Currently, the data shows a gender pay difference in favour of men in Agency / Leasing (+69% vs. women), Corporate Real Estate (+51%) and Development Management (+42%). In these traditionally customer-facing and hands-on sectors, we could soon find disparity decrease as WFH becomes the norm.

Promising sectors showing equal / near equal pay by gender are: Land and Acquisitions (+7% in favour of women), Asset Management (0%), and Planning (-7%).

For pay differences by ethnicity, Asset Management (+20% in favour of those in BAME categories), Corporate Real Estate (+6%), and Quantity Surveying / Estate Management (joint -2%) are currently in the lead.

 

Average annual salary, by Age Group and Gender

Salaries remain fairly equal between gender's at the start of careers until flat-lining for women from the 31-55 age group.

Year-on-year UK Gender pay gap

Salaries for women appear to have widened by 10% since 2019.

We can see a rising trend of salary inflation and a steadying of the curve in the past 2 years; however, the gap between male and female pay, unfortunately, does not appear to be narrowing. The effects of the pandemic may be the reason why progress has dampened, though we hope this is improved and taken into account as we settle in the ‘new-normal’ and ensure gender pay disparity gets back on the right track.

Roberta Barlow, Director – London

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