Posted by Manuel Oliveros on November 14, 2002 at 09:27:42:
In Reply to: How much money CAN be in architecture? posted by curious george on November 13, 2002 at 12:54:57:
I read the magazine Fortune froma bout 1985 to 1987. When referring to architects, it said, some famous, but no one truly rich -at the scale they would be considering, heh-, because they had to sustain big expenses for the operations be satisfactory for the client.
I may add that where I live in our local chapter of about 400 architects one year only about 20 had facturation over what was about $200.000, this giving after expenses and tax about maybe over $50.000. This means that in this town in a single 300 m long street with shops for well to do people (and there is a number of them) there may be 3 or 4 times street level businesses having higher final returns. Almost every bank office director and interventor must be making more than even the successful architects.
200 of the 400 architects here very likely don't live by their practice. The other 200 must be more or less divided between private practice and public services.
In short, not in the big scale, nor in the local, the exercise of architecture seems the right way to become rich presently.
Where architects are still very scarce there may be some opportunities of gaining some differential through the practice, but this is not the case in countries developed enough, and very likely the differential will be eroded in a single generation almost worldwide.
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