diff --git a/.gitignore b/.gitignore
index c3af907e97..c396847560 100644
--- a/.gitignore
+++ b/.gitignore
@@ -4,6 +4,7 @@ __pycache__
 AssetProcessorTemp/**
 [Bb]uild/**
 [Cc]ache/
+install/
 Editor/EditorEventLog.xml
 Editor/EditorLayout.xml
 **/*egg-info/**
diff --git a/cmake/OutputDirectory.cmake b/cmake/OutputDirectory.cmake
index 9055802d39..5fe5c7a957 100644
--- a/cmake/OutputDirectory.cmake
+++ b/cmake/OutputDirectory.cmake
@@ -13,4 +13,8 @@
 set(CMAKE_ARCHIVE_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/lib CACHE PATH "Build directory for static libraries and import libraries")
 set(CMAKE_LIBRARY_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/bin CACHE PATH "Build directory for shared libraries")
 set(CMAKE_RUNTIME_OUTPUT_DIRECTORY ${CMAKE_BINARY_DIR}/bin CACHE PATH "Build directory for executables")
-set(CMAKE_INSTALL_PREFIX ${CMAKE_BINARY_DIR}/install CACHE PATH "Installation prefix")
+
+# We install outside of the binary dir because our install support muliple platforms to 
+# be installed together. We also have an exclusion rule in the AP that filters out the 
+# "build" folder which is a common binary dir
+set(CMAKE_INSTALL_PREFIX ${CMAKE_SOURCE_DIR}/install CACHE PATH "Installation prefix")