Interior Design’s 2015 Rising Giants: Fees and Salaries
Average fees per employee have reached $246,000, up from $213,000, with that number growing three years straight. Firms worked on a total of 13,700 projects and expect to approach 15,000 this year. All those jobs added 37 million square feet to the group’s previous total, 203 million. And fees per square foot? Up from $85 to $103, the highest we’ve seen since we began tracking this data.
The Rising Giants have experienced the largest hiring increase since the Great Recession. More than 2,800 designers are currently employed, as opposed to 2,400 a couple of years ago. Even better, firms anticipate expanding to 3,200. Designer-level salaries, long stagnant in the $60,000 to $65,000 range, have spiked to $75,000. Project manager or job captain salaries rose from $85,000 to $100,000. Meanwhile, principal or partner take-home stayed flat at $150,000.