Architects, engineers see salaries slashed
Principals' pay cut in 2008, according to an industry survey.
Twenty-one percent of architecture, engineering, and environmental consulting firms cut principals’ pay in 2008, according to a survey by ZweigWhite , an industry consulting firm. This is reflected by an average drop of $5,000 in principals’ salaries since 2007, when base salaries reached a 10-year high of $135,000.
ZweigWhite officials said they expect the trend has become more pronounced since the data were collected in January and February as the construction markets have continued to struggle.
Order the full survey results.
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