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What is MRICS Certification?

Last Updated on June 6, 2022 by Admin

The demand for an MRICS certificate in the Indian construction sector is considerable, and many construction firms across the country respect it. Given the country’s progress, we can all agree that the construction industry will demand more skilled labor in the future. India is the world’s seventh-largest country and the world’s second-most populous; as the country’s population grows, so does employment, and one of the industries that specialize and contributes to the economy is building.

The Indian government is developing infrastructure and structures, as well as developing creative programs to raise the country’s living standards. As a result, the need for and demand for construction specialists is increasing. When the number of projects grows, the value of an MRICS will become clear. As a result, quantity surveyors are required to complete a project of high quality.

A quantity surveyor (also known as a cost manager) is an important aspect of any construction project; without one, the construction team will be unable to manage, estimate, analyze, and undertake cost valuation for the project. As a result, individuals who lack the necessary knowledge and abilities will not be able to work as professional quantity surveyors in the sector. As a result, the RICS can equip candidates with the necessary certifications to work as a professional quantity surveyor.

What is MRICS certification?

Member of the Royal Institution of Chartered Surveyors (MRICS) is an acronym for Member of the Royal Institution of Chartered Surveyors. Our accreditation provides exceptional market trust because RICS is a prominent professional body that develops and enforces standards in land, property, infrastructure, and construction.





The MRICS is a globally recognized chartered qualification that enhances employability and career advancement. Our professional credentials, which are supported by ethical standards and independent regulation, are in high demand around the world. RICS offers several paths to becoming an MRICS, depending on the candidate’s experience and qualifications.

Qualification standards by RICS

These are certain qualification standards offered by RICS.

Associate (AssocRICS)

Individuals with relevant job experience and vocational qualifications can get the RICS Associate qualification, which recognizes their abilities.




Chartered (MRICS)

Our primary qualification is Chartered status (MRICS). RICS-qualified professionals have a chartered qualification and work to the highest industry standards, according to MRICS. We recognize that a combination of academic and professional qualifications, as well as relevant experience, can provide the skills and levels of competence required to become an RICS-qualified professional. The four standard assessments that lead to MRICS are as follows:

Assessment of Professional Competence (APC)

The APC guarantees that candidates are qualified and meet the high professional standards needed of chartered surveyors. Candidates must meet a set of criteria and competencies that include a mix of technical and professional experience, as well as interpersonal, business, and management skills.

Senior Professional Assessment (SPA)

Those with leadership and management responsibilities who are recognized for their impact and career advancement are eligible for the SPA. Candidates must be able to demonstrate advanced leadership and management responsibilities, citing aspects of their career and contributions to the profession that distinguish them as a senior professional




Specialist Assessment

This category is for persons who are recognized for their effect and authority in offering enhanced services within an RICS discipline. Candidates must be able to demonstrate responsibility for delivering services in a specialty area of work, citing aspects of their work history and contributions to the profession that distinguish them as a specialist practitioner

Academic Assessment

A specialized path for academics who have engaged in surveying-related teaching and research for at least three years.

RICS experts work in a wide range of areas and specialties. To guarantee professionals are qualified to perform at the highest levels of performance, each sector demands its unique set of skills, knowledge, experience, and competence. RICS competencies are offered in a broad manner to allow them to be applied to a variety of practise areas and geographical regions. Competencies are organized into three degrees of mastery:

Level 1 – knowledge and understanding
Level 2 – application of knowledge and understanding
Level 3 – reasoned advice and depth of knowledge.

It is critical that applicants interpret them in the context of their particular profession or specialization, as well as their geographic location. Individual pathway guides detail the contextualization of the competencies for each candidate’s field of practice, as well as examples of the likely abilities, knowledge, and experience required to show the competencies.

Before attending a final assessment interview with a panel of RICS-qualified assessors, all candidates must give a summary of experience against the competency standards for their pathway, at least one case study, CPD record, and successful completion of the RICS ethics module. The one-hour interview comprises a 10-minute candidate presentation and questions from the panel about the candidate’s written submission.




Fellowship (FRICS)

Fellowship displays a commitment to expanding the industry, sharing knowledge, and assisting others in achieving their goals, in addition to displaying substantial career achievements and successes. The fellowship level is held by less than 20% of RICS-qualified professionals.

Sector pathways offered by RICS

You are evaluated on your sector-specific skills, knowledge, and experience as you work towards an RICS qualification.

There are 13 sector routes available for the Associate qualification (AssocRICS).

There are 22 sector routes for the Chartered qualification (MRICS).

You will be tested against a set of specific competencies for each industry pathway, with each competency being graded on a three-level scale.

The proficiency levels you must achieve for each industry change depending on whether you are applying to be an Associate Member (AssocRICS) or a Chartered Member (MRICS).

Following Sector pathways are available for AssocRICS & MRICS




Building Control

You ensure that building laws and other legislation are followed during the design and construction stages of new and revised structures, providing advice when designs fail to meet requirements or unforeseen difficulties are discovered on site. This covers fire safety, energy savings, structural stability, and accessibility for those with disabilities.

Building Surveying

From supervising big mixed-use developments to planning household expansions, you are involved in all elements of property and construction. This necessitates a higher level of technical expertise and allows you to work in specialised areas such as building conservation, insurance, rights to light, party wall issues, and dilapidations.

Commercial Real Estate

Retail, office, industrial, and leisure are the four main sectors of commercial real estate. Purchase, selling, and leasing of real estate, property and asset management, landlord and tenant relationships, telecommunications, valuation, property investment advice, development appraisals, and real estate finance and funding are all examples of major areas of activity.




Corporate Real Estate – MRICS only

You are responsible for the whole lifecycle of an organization’s property portfolio, including the analysis and strategic planning of property requirements, as well as the management of property to ensure that it is occupied to its maximum benefit. You have the opportunity to have a significant impact on a company’s operations and employee experience.

Environmental Surveying – MRICS only

You are an expert in all aspects of environmental management, monitoring, and evaluation in the context of real estate, land, and construction. You work in fields such as environmental management, land use and contaminated land, environmental auditing and assessment, and environmental auditing and assessment. You’ll need a thorough understanding of legislation, professional due diligence, insurance, investment, and all aspects of risk management, from groundwater pollution to air pollution control.

Facility Management

You are in charge of the overall management of all services and built environment infrastructure that supports an organization’s core operation. You’ll need expertise in a wide range of asset and built-environment tasks, as well as large change management and mobilization initiatives.

Geomatics

You are the land and property lifecycle information provider. You gather, analyze, and display geographically connected data on the natural, constructed, social, and economic surroundings. You’re motivated by technology’s significance in preserving land law and guiding other socioeconomic decisions.

Infrastructure – MRICS only

You work on transportation, energy, petrochemicals, oil and gas, mining and resources, or water infrastructure projects. From conception to completion, you are in charge of the infrastructure project and cost management. Project finance, building information modeling (BIM), and asset management will be among your skills.

Land and Resources

From land registration/mapping to management to development to clean up and re-use, you provide advice across the whole land and property lifecycle. Fit for Purpose (FFP), as defined by the United Nations, is at the center of capacity building in this essential area of practice. Your job is to strike a balance between the need for assets (property, infrastructure, or resources) and the planet’s natural resource constraints, using technology and conflict resolution abilities to get the job done.




Management Consultancy – MRICS only

Working in any organization where real estate plays a key role in the business, you are a natural strategist. You have economics, business, and management training, and you can develop and implement business solutions to real estate problems at any stage of the land and property lifecycle.

Minerals and Waste Management – MRICS only

From the earliest prospecting stage to the eventual restoration and after-use of each site, you serve as a counselor, assisting mineral extraction or waste management activities. You have the practical management, negotiating, and consultation abilities to engage with landowners, the public, and other built environment, legal, and finance experts, in addition to knowledge of geology, mining, quarrying, and the related economics and legislation.

Personal Property/Arts and Antiques – MRICS only

You’re in charge of valuing, selling, buying, managing, and preserving personal property, artwork, and antiques. Fine art, collectibles, heritage assets, antiques, and jewelry, whether in public or private hands, fall under this category.

Chartered Building Surveyors and Property Valuers

Planning and Development – MRICS only

As one of the key drivers of sustainable development, you advocate the use of effective land management and administration. This includes not just the built and natural environments’ physical characteristics, but also the social, economic, and environmental components. Your strategic thinking, paired with your practicality, enables you to contribute to meeting the world’s long-term development goals.

Project Management

You play a key part in the development process, ensuring that building projects are completed successfully. You represent clients throughout the whole construction process, handling the inputs from clients, consultants, contractors, and other stakeholders, from drafting the project brief through choosing, appointing, and coordinating project teams.




Property Finance and Investment – MRICS only

You work in the field of property finance advice or provision, as well as indirect property investment. You could work for a bank or another financial institution, or for a real estate firm that supports or manages real estate as an investment class. Although you’ll be focusing on the financial aspects of a property rather than its physical features, you’ll also need building inspection knowledge.
Quantity Surveying and Construction

You’re in charge of construction project costs. From feasibility to design and construction, this will initially involve the capital expenditure phase of a structure or facility. You can also help with facility expansions, renovation, maintenance, and demolition. You may have worked in residential, commercial, industrial, recreational, agricultural, or retail facilities; in all cases, you must be able to manage costs efficiently while balancing quality and value with the needs of specific clients.

Research – MRICS only

You must demonstrate proficiency in research that is applied to the delivery of solutions to a wide range of projects, using a variety of methodologies and pertaining to several locations for the Research pathway. The Research path does not have its own guide. Because the competencies and knowledge and practise areas belong to one of the other routes, this is the case.




Residential

You specialize in one or more of the following services to ensure the smooth operation of the home market: sales, purchases, or lettings, residential development, planning, investment, or loans, property management, surveys, or valuation. Your focus may be on single private residences, residential blocks, social housing, or big community complexes, depending on your job and client base.

Rural – MRICS only

You have a good understanding of how the countryside operates and the interconnections that exist among the individuals who live and work there. Agriculture, rural estate management, landscape, valuation, auctioneering, and asset management all benefit from your talents. Because of your professionalism and technical expertise, as well as your business acumen, advocacy, and leadership in the rural community, you help the rural economy thrive.

Taxation Allowances – MRICS only

You offer tax guidance on existing land and property transfers, as well as new building. You’ll most likely be working in commercial real estate, but your services could also include utilities, transportation, and government structures. Your job includes providing strategic advice on tax positions and possible tax allowances at the outset of a purchase or project, as well as ideas to reduce tax liabilities during use and at disposal.

Valuation

You’ll develop high-quality valuations that adhere to industry best practices. Professional valuations are critical to a healthy property/asset market and a stable economy since they serve as the foundation for performance analysis, financing decisions, transactional or development advice, dispute resolution, taxation, and a variety of other regulatory applications.




Valuation of Businesses and Intangible Assets – MRICS only

Based on sound practice standards, you will provide high-quality valuations of enterprises and other intangible assets. Professional valuations are critical to a healthy market and a stable economy since they serve as the foundation for performance evaluations, financing decisions, transactional or development advice, dispute resolution, taxation, and a variety of other regulatory applications.

How to become a RICS professional?

  • There are two main types of RICS qualification – Associate (AssocRICS) and Chartered (MRICS):
  • The associate is the entry-level RICS qualification and offers the chance to progress to full chartered status

Associate Member is available on completion of the associate qualification. You can enrol at any time in your career but must meet one of the following before applying for assessment:

1 year of relevant experience and a relevant bachelor’s degree
2 years of relevant experience and a relevant higher/advanced/foundation qualification
4 years of relevant experience (no qualifications required).

Chartered is the most common way to qualify as most people already have surveying-related qualifications and work experience. Chartered Member is available on completion of the chartered qualification. You can enroll at any time in your career but must meet one of the following before applying for assessment:

  • Relevant experience and an RICS-accredited degree
  • 5 years of relevant experience and any bachelor’s degree
  • 10 years of relevant experience operating at an advanced level by seniority, specialization, or in academia.

The most common way of qualifying as a Chartered Member is through the Assessment of Professional Competence (APC), but you can also qualify as a senior professional, industry specialist, or academic.




  • Assessment of Professional Competence
    The Assessment of Professional Competence (APC) can be completed with or without structured training depending on your experience.
  • Structured training – develop your skills over 12 or 24 months of structured training before assessment.
  • Preliminary review – with 5 years of experience, you can go to the final assessment following a review of your submissions.

Senior professionals, specialists, and academics

If your career has progressed based on seniority, specialization, or academia, we have assessment routes to match your experience.

Senior professional – you have experience as a leader and manager.
Specialist – you have enhanced skills as a recognized authority.
Academic – you are teaching or researching at a university.

RICS Professional Fees 2022

Country-wise fees in detail can be referred to in this link:

Salaries earned by MRICS professional

The average salary of an employee who knows MRICS is ₹44 lakhs in India.

The average salary of an RICS qualified surveyor is $48,600. Associates of the Royal Institute of Chartered Surveyors (RICS) earn around $48,400, increasing to around $73,000 as a chartered member (MRICS) and to $114,975 as a Fellow (FRICS).




What is the difference between RICS and MRICS?

The Royal Institution of Chartered Surveyors (RICS) is a professional group dedicated to promoting and enforcing the highest worldwide standards in land, real estate, construction, and infrastructure assessment, management, and development. AssocRICS designatory letters are awarded to qualified RICS members based on a mix of qualifications and experience. Members of AssocRICS are unable to call themselves “Chartered Surveyors,” but they are able to sell RICS products.

The letters after your name indicate where you are in your professional life. You can apply to update your membership as your career evolves so that it always represents your current status.

Chartered surveyors are those who have earned the designations MRICS or FRICS. Chartered Surveyors and Professional Members may use the abbreviation “MRICS” after their names (before, members at this level were referred to as “Professional Associates” and their designation was “ARICS”).

These MRICS designatory letters recognize qualified RICS members based on a combination of qualifications and experience:

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Members at this level may use the designation “AssocRICS” after their names (before, members at this level were referred to as Technical Members and used the designation “TechRICS”).

Professional Members may use the abbreviation “MRICS” after their names (before, members at this level were referred to as “Professional Associates” and their designation was “ARICS”).
Fellows are permitted to use the abbreviation “FRICS” after their names.

Chartered Surveyor and variations such as “Chartered Building Surveyor” or “Chartered Quantity Surveyor” are available to RICS Professional Members and Fellows, depending on their path to the profession. Fellows are thought leaders in their fields, those who have completed remarkable initiatives or contributed significantly to the profession. Only professional members who have made significant achievements in their careers are eligible to apply.




Benefits of RICS qualification

RICS offers you not only a prestigious professional certificate but also a significant competitive advantage. Our professional credentials, which are supported by ethical standards and independent regulation, are in high demand around the world.

RICS certification is sought by professionals in land, real estate, building, and infrastructure for a variety of reasons, including personal pride, career advancement, and competitive advantage.

  • Status: By proving that you operate to the highest professional and ethical standards, your RICS credentials command respect from clients and peers. The qualification is respectable, and it is something to be proud of on a personal level.
  • Recognition: By promoting the value of RICS standards, we hope to guarantee that professionalism is ingrained in the market, resulting in increased public trust and demand for your services.
  • Competitive advantage: By adhering to RICS standards, you provide the market with unrivaled confidence and gain a competitive edge.
  • Knowledge: RICS offers a variety of practice standards, continuing professional development (CPD), and best practice recommendations to help you maintain the highest levels of professionalism while also continuing to enhance your technical and professional knowledge.
  • Network: RICS connects you to other experts and clients in local and global markets through its network of 118,000 professionals.
  • The greatest levels of excellence and trustworthiness
  • Professionalism: The market appreciates the rigor of our entry requirements, which include demonstrated knowledge and experience. Our specialists operate to internationally recognized practice standards once qualified, and their competency is maintained and monitored by continuing education. Our certifications are regarded as the gold standard in land, property, infrastructure, and construction because we expect the highest standards of RICS professionals.

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  • Professional Regulation: RICS is unique in that it regulates members of the profession through the Rules of Conduct. We also regulate businesses to ensure that they follow uniform business practices. There are 10,000 enterprises in the UK that are ‘Regulated by RICS.’ This provides the market with unrivaled quality assurance, ensuring that RICS professionals and businesses protect themselves and their clients from danger.
  • Ethics: Professional behavior is at the heart of what it means to be a professional; it sets professionals apart from others in the marketplace. RICS is the world’s only professional qualification that formally analyses ethics and continues to do so throughout a member’s career.
    A world of possibilities
  • Competitive advantage: A RICS qualification looks impressive on a resume. It is required by recruiters and employers.
  • Professional development: With RICS CPD and world-class training, you can improve your career chances and assist your development.




  • Global passport: Our standards and certifications are recognized around the world, allowing us to pursue international employment prospects.
  • Increased income potential: RICS professionals, on average, earn more than their unqualified counterparts. An RICS accreditation also ensures that you can charge clients higher costs.
  • Possibility mitigation: Because businesses are increasingly adopting our accreditation to evaluate their staff, an RICS qualification provides you with additional protection against the risk of redundancy.

Final Thought

At the end of the day, becoming a Chartered Surveyor is a difficult task. There’s no getting around it. It requires a focused mind and a determined work ethic to accomplish the further stages of growth that will catapult you to Chartered status after graduating with an RICS-approved degree. It is, nonetheless, worthwhile.

Higher earnings and salary are undoubtedly a result of RICS qualification and membership, but professionals are also aware of the numerous additional benefits of qualifying. Companies would be careful to ensure that the salary they offer is commensurate with the candidate’s age, experience, and qualifications when making hiring selections. The greatest applicants will always stand out, with their commitment to providing high-quality work backed up by their professional credentials.





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