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Valuation surveying: Your guide to becoming a valuation surveyor
Specialising as a valuation surveyor
As you develop your job and become a chartered valuation surveyor you'll likely operate across an array of asset types, employed in both public and private sector. The most frequent asset classes include commercial, residential and rural property.

Some valuers practice exclusively in one of these areas, while some deal with a wider variance of property and asset types. At RICS, we broadly group these as three different specialisms:

machinery and business assets
residential survey and valuation, and

valuation.
How to become a valuation surveyor

Starting at the entrant level, RICS is fully focused on taking steps to tackling barriers to entry, and promoting diversity, equity and inclusion within the valuation profession, with a particular emphasis on attracting a diverse group of new entrants to its membership.

If a career in valuation surveying sounds like the job for you personally, you?ll find a range of different ways you can become a valuation surveyor. They include:


University degree

Postgraduate conversion course

Apprenticeship
RICS valuation surveyor pathway

To qualify as a valuation surveyor through RICS, you?ll have to embark on your RICS valuation surveyor pathway. This can teach you a number of technical competencies to aid you in your career and will supply you with a world-renowned qualification in your chosen area of specialism.

Technical competencies include:

accounting principles
property finance and funding
valuation of businesses and intangible assets
compulsory purchase and compensation
leasing and letting
sustainability
landlord and tenant, and
loan security valuation.

The pathway for valuation surveyors includes both RICS associate (AssocRICS) level and full chartered status (MRICS). To qualify as an associate or chartered member, you will have to pass a series of assessments.


RICS associate qualification
It is the entry-level RICS qualification. get more info offers you the opportunity to progress your career and gain full chartered status. In Find more info to be eligible, you will require either:

12 months of relevant experience and another bachelor?s degree
2 years of relevant experience and another higher/advanced/foundation qualification, or
4 years of relevant experience (no qualifications required).

RICS chartered qualification
Most people curently have surveying-related qualifications and work experience, meaning an RICS chartered qualification may be the most common way to qualify. To meet the requirements you will need either:

relevant experience and an RICS-accredited degree
5 years of relevant experience and any bachelor?s degree, or
a decade of relevant experience operating at a sophisticated level by seniority, specialisation, or in academia.

For RICS members, there is the opportunity to use for Valuer Registration: a risk monitoring and quality assurance programme that ensures all valuation surveyors meet up with the Global Standards outlined in the Red Book. Find out more about Valuer Registration and how to apply here.

Essential skills for valuation surveyors

Personal skills may also be essential for a career as a valuation surveyor. You might already have some of these skills when you?ll also have the opportunity to build up them as your career progresses. Listed below are key skills required of valuation surveyors:

understanding of data and analytics for more technical investment valuations
fantastic numerical skills
a good understanding of building technology for residential valuers
communication skills, both written and verbal
negotiation skills
ability to be considered a great team player and maintain working relationships with colleagues and clients
good understanding of the market
a knowledge of sometimes complex ownership structure of assets or liabilities
commercial awareness, and
legal and regulatory knowledge.
Valuation surveyor salary: Just how much could you earn?

How much you can earn as a valuation surveyor varies widely and can be determined by several factors, together with your selection of employer, specialism and location. Your qualifications, skills and experience will also play a big factor in your potential earnings.

The average salary for a valuation surveyor is between �45,000 and �48,0001, while graduate and entry-level positions will offer an income of around �23,000 to �30,000. Securing chartered status may take your earnings to over �70,000 per annum, while those that qualify as RICS Fellows can earn much more based on their experience and seniority. This is before performance-related bonuses and an automobile allowance, pension, private healthcare and life insurance coverage.

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