
Originally posted by
nrschmid
The only thing "growing" in the private sector is increased competition. I think this trend is going to continue. Few, if any, consulting firms are earning money from developers (money does not automatically equate to profit margins). I think the majority of planning consultants are earning contracts from public sector agencies.
Many of these agencies are propped up by state and federal dollars, which are likely to run out this year and in the next few years. Municipalities, COGs, RPCs are likely to see less cash coming in, due to lower revenue. The stimulus money will only last so long, and the next wave to hit planners (apart from the layoffs) is the simple lack of business coming from the public sector. As others have mentioned, environmental and transportation planning are two areas, among others, that have kept SOME private sector planners employed. However, that is not going to be around forever. Without revenue coming in, state governments are not going to have money for these services in the next year or two either.
Yes, there are firms that are faring better than others. It's simply survival of the fittest. I think smaller to mid-size firms will succeed, although I am leaning more towards mid-size (+50, not all necessarily planners). Keep in mind, more and more municipalities are doing more work in-house to cut down on costs. This means fewer RFPs/RFQs for more consultants. Having worked in different sized metropolitan areas, I would say there is a exponentially HIGHER amount of competiion in a big bustling area.
Fortunately, there are "some" signs of rising home prices. This is only ONE of many inidcators that things are improving. There is not necessarily a correlation between home prices and new construction right now, partly becasue people are still hesitant to build. I think we are still 2-4 years away before we see modest growth in new construction, which will EVENTUALLY lead to SOME new jobs in current planning, code enforcement, etc. As I mentioned earlier, work in environmental and transportation planning MIGHT, I stress MIGHT, dry up within the 1-2 years, so there still might be a "black hole" where there MIGHT be more layoffs, but that might be at the time when more jobs in other areas of planning are popping up elsewhere.
If you work in private sector planning, I would earn experience in as many different, even unrelated areas, of planning, even if you are not comfortable with them. I almost never say no to any project, so when planning work is light, I can switch over and help the engineers with AutoCAD (and one day Microstation). Today I am designing some planning marketing material in InDesign since I finally have some free time in between some big planning projects.
Hope this helps-