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More youngsters enter FM profession as average salaries near US$100,000 pa
Today's facilities management professional is, on average, college educated, manages more than one million square feet of space and multiple employees, has experienced a growth in job responsibilities over the past two years, and is enjoying a base salary increase of 8% from 2007 levels, according to the results of an International Facility Management Association salary and demographics survey.
The 'Profiles 2011 Salary and Demographics Report', based on a survey of 4,353 facilities professionals from 45 countries around the world, points to a career path that compensates its practitioners well. Combining base salary and bonus pay, the average facilities professional now pulls in US$99,578 in total compensation annually - up from US$91,766 in 2007. Even those entering the profession do well, as practitioners with three or fewer years in facilities management earn US$65,000 a year, up from US$56,000 in 2004.
While today's facilities managers are well compensated, they are also well educated, with 83% having attended college and 64% earning a bachelor's degree or higher. Those with college degrees largely studied business (33%), engineering (16%), facilities management (14%) or liberal arts (9%). Some 20% of facilities professionals surveyed report having a master's or doctoral degree.
More young people are entering facilities management, even as the average age of a facilities manager is 49. Spme 9% of survey respondents were 34 or younger, up from 7% in 2007. Of this group, the majority are women. Some 12% of female survey respondents were 34 or younger, compared to only 8% of their male counterparts. Similarly, 23% of women surveyed were 35 to 44 years old, as opposed to 21% of men.
Women are also slightly more likely to be pursuing two of IFMA's premiere credentials - the Facility Management Professional and Sustainability Facility Professional designations - than men, as 12% of female respondents have or are working toward FMPs and 7% are working toward SFPs.
As with previous surveys, education level also plays a large role in compensation. Survey respondents with a master's degree report earning an average base pay of US$101,629, up from US$96,750 in 2007 and US$87,000 in 2004. Those with a bachelor's degree report a base pay of US$87,000, an increase from US$82,000 in 2007 and US$75,000 in 2004. In total, facilities professionals in eight industry sectors - including chemical/pharmaceutical, electronics, the federal government and the media - make an average of US$100,000 or more each year.
Similarly, facilities managers with the Certified Facility Manager designation - which sets the industry standard for ensuring the knowledge and competence of practicing facility managers - report earning US$12,524 more per year than their counterparts without the credential. Those holding a CFM earn on average US$101,540 per year in compensation.
IFMA's CFM and FMP designations can help facilities professionals earn a higher salary than their counterparts based on the credential holder's experience level. Survey respondents with a CFM and six to 10 years' full-time work experience, for example, report making US$15,536 more per year than the average facilities manager with similar experience, while those with an FMP and six to 10 years of full-time work experience make US$8,727 more.
CFM credential holders are also more likely to work in higher levels of management than the average facilities professional, making them more likely to manage supervisors who manage others; manage two or more levels of supervisors; or serve the company as a senior executive.
"These results show what we've known all along, that facility management is a competitive, compelling profession with the potential to attract top-tier talent, both today and in the future," says IFMA President and CEO Tony Keane, CAE. "Facility management provides strategic value and contributes to organisational success, and facility professionals are increasingly getting greater recognition and compensation for these contributions. To work in this field and potentially earn more than US$100,000 with IFMA's CFM credential speaks volumes about the value the industry provides and what it can offer today's professionals."
Additional analysis of salary data shows that each year a facilities manager spends in the field adds US$698 to their overall compensation. Similarly, each year an individual spends with their current employer adds US$612 per year to their salary.
Geographic location also plays a role in compensation. Those living in the Northeast US report earning on average $8,837 more than their counterparts, while those in the Pacific US report earning on average US$8,255 more. Canadian facilities professionals also see a geographic compensation benefit, earning US$7,076 more than the average facilities manager. Other countries with high concentrations of CFM and FMP credential holders report the following annual base salaries (in U.S. dollars):
Country/Region CFM Salary FMP Salary Overall
Australia $114,968 $91,288 $100,965
Canada $112,262 $88,399 $95,537
Hong Kong $96,716 $76,620 $76,501
Nigeria $102,274 $61,741 $51,530
United States $101,540 $74,000 $93,741
The complete 'Profiles 2011 Salary and Demographics Report' is available for purchase in hard copy or e-file PDF from the IFMA Bookstore. Additional information is also available online.
IFMA is the world's largest and most widely recognised international association for professional facilities managers, supporting more than 20,500 members in 78 countries. The association's members, represented in 127 chapters and 16 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than US$100 billion in products and services.
12th January 2012