Salaries of a Beginning Concert Promoter
Concert promoters are important to the music industry because they advertise and promote upcoming concerts for both large and small venues. Their responsibility is to get the word out as quickly and effectively as possible to a large audience who may be interested in attending a live musical performance. The Bureau of Labor Statistics indicates that there were a total of 95,480 promoters of performing arts events, sporting events and other similar events employed in the United States in 2010. Starting salaries for promoters typically begin fairly low in comparison to the overall earning potential in this field.
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Average Salary
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The average salary for concert promoters and those who promote sporting events and other similar types of events was $77,710 per year as of May 2010, according to the Bureau of Labor Statistics. The bureau indicates that these advertising and promotion managers typically made less than other advertising and promotion managers, who made an average salary of $98,720. However, average salaries only provide one indication of the expected salary for these promoters. The salary for beginning promoters tends to range much lower.
Pay Scale
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To determine the starting salary for those working in the field of advertising and promotion of concerts, it's necessary to turn to the overall pay scale of advertising and promotions managers provided by the Bureau of Labor Statistics. The bureau indicates that the median salary for those working in this field was $83,890 per year in 2010. Given that the average salary for concert and other performing arts promoters was less than this number, this provides an indication that starting salaries typically fall below the median salary. The bureau also indicates that the lower 25 percent of those working in this field made $56,820 or less per year, while the lower 10 percent made $41,480 or less. Starting salaries will typically fall into one of these two ranges, but there may be exceptions to the rule.
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Earning Potential
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Despite the relatively low pay toward the bottom half of the pay scale in this industry, the earning potential is substantially higher. According to the Bureau of Labor Statistics, the upper 25 percent of those working in this field made salaries of $122,570 or higher, while those who were in the upper 10 percent of all advertising and promotion managers made salaries in excess of $166,000 per year.
Job Outlook
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Those breaking into the advertising and promotions field can expect little to no job growth through 2018. According to the Bureau of Labor Statistics, jobs in this field should increase less than 1 percent over the reported total provided by the bureau in 2008. Due to downsizing and a reduction in the number of advertising agencies, the bureau expects stiff competition for jobs, with very few new jobs being created.
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References
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