Understanding The Different Factors That Influence Quantity Surveyor Salaries in Ireland
You can't talk about the most lucrative jobs in Ireland today without mentioning quantity surveying. This job focuses on the estimation of costs and managing financial risks in construction. Like many other jobs, quantity surveyor salary in Ireland can vary widely based on different factors, including the following:
● Experience
● Industry specialization
● Economic conditions
● Location
● Qualifications
● Employer size
● Project size
As you read on, you'll find out exactly how these aforementioned factors influence the salaries of QS experts in Ireland.
1. Qualifications
Professional qualification is one factor that influences quantity surveyor salary in Ireland today.
One effective way to advance your career today as a quantity surveyor is by gaining recognition from top professional bodies. Your chances of getting a higher-paying job today are very high when you become a member of SCSI or RICS. With recognition from the Royal Institution of Chartered Surveyors (RICS) or Society of Chartered Surveyors Ireland (SCSI), you’ll become a chartered quantity surveyor—of course, this means higher income.
Being a chartered QS is one of the highest qualifications you can get to up your salary in Ireland today. Another important qualification worth earning is postgraduate education—such as a master's degree and certifications.
2. Experience
As with other jobs, years of experience certainly make a big difference in how much QS experts earn. How much you earn as an entry-level QS professional will be lower than that of a senior professional. The average senior quantity surveyor salary in Ireland usually starts from €80,000—some industry experts even earn more. Entry-level positions, however, are only available for a yearly salary that falls between €35,000 and €45,000. As you gain more experience, your salary can increase up to €70,000 within 5 to 8 years of getting the entry-level position.
Bottom line: the longer your years of experience as a QS expert, the higher your chances of earning more money.
3. Specialization
One-size-fits-all doesn't work when it comes to quantity surveying. Instead, this job comes with different industry specializations—this means you can find jobs in different industries in Ireland.
● You’re more likely to earn more money in the private sector (such as an oil and gas company) than working in the public sector.
● Other industries you can work with as a QS professional include construction, civil engineering, real estate, and property development.
4. Location
Your location is another factor that influences the quantity surveyor salary in Ireland today. If you live in a rural area, you shouldn't expect to earn the same amount of money as someone who works in the capital city—Dublin. That's so because there is only limited demand for large-scale construction projects in rural areas.
5. Employer size
The size of the company you’ll be working with is another factor that influences junior and senior quantity surveyor salaries in Ireland. You’re more likely to earn a higher salary if you work with a large construction company or multinational corporation. Most smaller firms only offer lower base salaries—they are mostly suited for people looking for quick career progression.
6. Economic conditions
Economic conditions and market demands can greatly affect quantity surveyor salaries in Ireland. For instance, when the market is booming, many people look to invest in new infrastructure. During this period, the construction industry often demands more QS professionals. The higher the demand, the better the salaries become. But you can't say the same during the period of economic downturns, as demand for QS experts tends to decrease—and this impacts salaries.
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