Music Executive Salary
An unknown author once said "Music is what feelings sound like." Careers in the entertainment sectors, like the music industry, are highly coveted because they offer unique environments of collaboration. If you've always wanted to work behind the scenes in an industry where both creativity and commerce is king, you may want to consider a career path as a music executive.
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Function
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A music executive, also called a record executive, is part of a senior management team, that oversees the development and selling of music. Their responsibilities vary, but generally they are in charge of seeking out new talent, assisting with the production and promotion of an album, and dealing with contracts among other things.
Skills
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Having an innovative and aggressive personality are just some of the characteristics needed for this position. Keeping up with music tastes and emerging trends in the marketplace is important, as well as being able to maintain relationships with producers, studios, songwriters and all the other people needed to produce the final product. Being a problem-solver and a great communicator will also contribute greatly to the position, but having an educational background in business and finance helps the most because after all, it's not just about the music, but also about the label's bottom line as well.
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Salary
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Simply Hired says that the average annual salary for a music executive hovers around $60,000 a year. Of course a music executive salary, like other salaries, varies greatly upon a number of other factors, such as the company, location and industry. Your experience and what you bring to the table, can also effect the amount you're offered.
Negotiating Salary
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You can effectively negotiate a higher salary for yourself if you follow career columnist Penelope Trunk's advice to shy away from disclosing pay stipulations throughout the interview process. Make it clear that you'd be happy to discuss salary once you have an offer. Doing so puts the ball in your court because their budget range will be in plain sight, giving you a bargaining tool to work with.
Music Executives
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Some music executives have amassed notoriety in their own right through years for winning multiple Grammy awards, personal relationships and taking positions outside of their respective labels. Some notable music executives include, but aren't limited to: Rock and Roll Hall of Fame member Clive Davis, Simon Cowell and Randy Jackson of American Idol fame and Tommy Mottola for marrying pop singing sensation Mariah Carey.
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References
Resources
- Photo Credit music image by Mat Hayward from Fotolia.com
