As the music industry continues to evolve and grow, the role of a music business manager has become increasingly important. Music business managers are responsible for managing the careers of musicians, helping them to navigate the complex world of the music industry. But how much can you expect to earn as a music business manager? In this article, we’ll take a closer look at music business manager salaries and what factors can impact your earning potential.
Music Business Manager Salary Overview
According to Glassdoor, the average salary for a music business manager in the United States is $62,651 per year. However, salaries can vary widely depending on a number of factors, including experience, location, and the size of the artist’s career.
For example, a music business manager working with a major recording artist can earn significantly more than someone working with an independent artist. Additionally, managers who work with artists in major music markets like Los Angeles, New York City, or Nashville can earn more than those working in smaller markets.
Factors That Impact Music Business Manager Salaries
Experience is one of the biggest factors that can impact a music business manager’s salary. Those who are just starting out in the industry can expect to earn less than those who have been working as managers for several years. Additionally, managers who have a proven track record of success and have worked with high-profile artists can command higher salaries.
Another factor that can impact a music business manager’s salary is the size of the artist’s career. Managers who work with major recording artists can earn a percentage of the artist’s earnings, which can be substantial. However, managers who work with independent artists may earn a flat fee or a smaller percentage of the artist’s earnings.
Location can also play a role in a music business manager’s salary. Managers working in major music markets like Los Angeles, New York City, or Nashville can earn more than those working in smaller markets. However, the cost of living in these cities is also higher, which can offset the higher salaries.
Education and Career Opportunities
While a college degree is not necessarily required to become a music business manager, many managers have a background in music or business. A degree in music business, entertainment business, or a related field can be helpful in developing the skills and knowledge necessary to succeed in this industry.
There are many career opportunities available for music business managers, from working with independent artists to managing the careers of major recording artists. Additionally, many managers go on to work for record labels or other music industry companies.
Key Takeaways
- The average salary for a music business manager in the United States is $62,651 per year.
- Salaries can vary widely depending on experience, location, and the size of the artist’s career.
- Managers who work with major recording artists can earn a percentage of the artist’s earnings, which can be substantial.
- A degree in music business, entertainment business, or a related field can be helpful in developing the skills and knowledge necessary to succeed in this industry.
Consider taking the NYU x Billboard | Music Industry Essentials online course and certificate program to gain the skills and knowledge necessary to succeed in the music industry.
