Architects may not be the best paid among professionals (salary survey) and the recent recession has made it worse. I don't know if it's because we sell a service and not a product. I have a feeling that it is. Developers make a killing selling houses and commercial properties (developers incidentally also pay pretty good salaries to architects- so I am told) while architects are busy cutting each other on fee. What do you think?
Is it just about about the money? are there some intangible benefits that architects have that other 'well paying' fields don't?
It'll be good to listen to architects who have been working for several years in the field as well as those who have just joined in or are planning to.
"I don't know if it's because we sell a service and not a product."
Vishal, I don't think that's the reason, because there are other creative fields where the professionals' product is their service (design, and execution, as in architecture). Like, Advertising, Graphic-Designing, Web-Designing. I believe these are better paid services.
The difference, however, between architecture and the other creative professions is the magnitude of the project. The final product is something that is going to stay for quite a while once it is done, unlike an advertisement, or a website, which the client can easily get re-designed. It also goes on a slower pace (execution).
I think the developers are businessmen, not professionals. So comparing with them would not be correct. :-)