Career Strategies in Today s Market Yale School of Architecture

Transcription

1 Career Strategies in Today s Market Yale School of Architecture P. Bernstein 1

2 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: Choices, negotiation, and tools

3 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: How might you attack this problem, and with what tools?

4 Worldwide Building Economy (Global Insight) You are Here

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7 US: Economic recovery as backlog unwinds. Capital markets loosen, energy prices crash. Good strength across all project types except commercial. UK: Very small growth, public projects may begin. International practices hiring, London slower with less Asian work. Europe: Near recession with almost all sectors slowing to a crawl; government investment negligible as EU resolves. Russia: In recession, negative growth, depressed by politics and oil prices. China: Growth slowing dramatically dragging gloal models but Western firms continue to establish there. Singapore: Continued strong activity, SE Asia center. Latin America: Brazil slowed to crawl after oil prices drop, now in recession. Africa: Investment in cities means growth. Strength in Kenya and Nigeria. India: Stable government and Increased urbanization = strong growth. Middle East: As political situation deteriorates and oil prices fall, weakening. Strong work in Qatar (World Cup, infrastructure). Domestic investment falling, esp Saudi Arabia.

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12 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: How might you attack this problem, and with what tools?

13 2.9% 4.9% Real GDP growth Unemployment 1.9% 8.0% Inflation US construction growth

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15 Source: AIA Consensus Forecast at

16 Architecture Billings Index Billings Inquiries Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16

17 Architecture Billings Index com rise housing bubble Bill Inq com bust world-wide crisis 30.0 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16

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19 55+ Population Making Up a Growing Share of the U.S. Labor Force Age 55+ share of labor force 30% 23.9% 20% 11.9% 13.1% 16.2% 19.5% 10% 0% (p) Source: U.S. Department of Labor

20 As Older Workers Stay in the Workforce Longer Labor force participation rate for age 55+ population 70% 60% 50% 47.6% 49.7% 53.2% 54.8% 55.7% 40% 30% (p) Source: U.S. Department of Labor

21 Like the U.S. Workforce, the Architect Population is Aging Age of AIA architect and associate members, 2012 Source: The American Institute of Architects Total = 66,200

22 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: How might you attack this problem, and with what tools?

23 Architecture Firm Payrolls May Finally Be Hitting Bottom After Steady Declines Since Mid-2008 Number of employees at architecture firm, 000s, not seasonally adjusted = Jan-'08 Mar May Jul Sep Nov Jan-'09 Mar May Jul Sep Nov Jan-'10 Mar May Jul Sep Nov Source: U.S. Department of Labor via K.Baker/AIA

24 Source: 2014 Job Growth for Architecture, Engineering and Landscape Architecture 01/2015

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26 Current Job Industry: Yale Grads

27 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs?? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: How might you attack this problem, and with what tools?

28 Elements of Compensation Packages TOTAL COMPENSATION Signing bonus Base compensation (salary or hourly rate, overtime) Overtime Incentives [Vacation, sick, personal time] BENEFITS Health insurance (medical, dental, vision) Retirement (401K, pension, profit sharing) Other fringes (FSP, wellness) Training, ARE

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31 Source: AIA 2015 Compensation Survey

32 Salary Factors (Design Intelligence Comp 14)

33 Salary Factors (Design Intelligence Comp 14)

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35 Overview 1. Global Economics: Where is there building? 2. Professional Economics: How does the economy affect jobs? 3. Profession: What sort of jobs are out there? 4. Career: If you get a job, how much might you get paid? 5. Strategies: How might you attack this problem, and with what tools?

36 Selection Strategies Location, culture Project mix Practice size, structure Roles, responsibilities Salary, compensation Growth opportunities Mentorship

37 Networking Opportunities

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