Wednesday, May 26, 2010

Principals earning more, doing more?

Base salaries among firm leaders have now reached $140,000 on average, a 7% increase in just a year, according to ZweigWhite's 2010 Principals, Partners & Owners Survey of Architecture, Engineering, Planning & Environmental Consulting Firms. A reader who saw this eye-popping statistic in the May 17 issue of The Zweig Letter (Issue 863) wonders if it's because principals are doing more project management work these days. That's as good a reason as any for the leap, combined with a drop in annual bonuses from about $10,000 to about $3,000 among firm leaders.

What do you think is behind it? Have you found other stats like this in the survey that surprised you?

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