| I think you have to look at it from both a micro and macro cycle. From a micro-cycle (the next year or two), things are definitely tightening up in the market right now. It started with housing, but it is starting to hit the commercial side. Projects are having a hard time getting funded and are being put on hold. For graduates starting in the summer of 2008 things are not going to be the same as they were for the graduates of 2007. Whether that means you will only have two job offers instead of five remains to be seen.
From a macro point of view (the next 10 or 20 years), things look much better. There are not going to be enough new graduates coming out of school to take the place of all the retiring baby boomers. It is definitely going to be a sellers market. When we have large firm round-table discussions a major topic of conversation is where are we going to get all the new architecture graduates we will need. So I think the long term outlook for new architecture graduates is very strong, and I think that salaries are going to go up with the demand.
rick |