Those who pursue degrees in hospitality management will have a variety of industries and jobs to choose from upon graduation. During school, hospitality majors learn about administration, economics, accounting, marketing, food-service and beverage rules and regulations, housekeeping procedures, inventory maintenance and other aspects of managing hotels, restaurants, casinos and event centers. However, with such a wide variety of career options to choose from, salaries can be very different across the industry.
Lodging and Hotel Managers
Many hospitality management majors go on to work in hotels. In fact, according to a 2009 report by the United States Bureau of Labor Statistics, there were around 31,660 lodging managers making an average of $53,500 a year. Salaries ranged from less than $28,450 in the bottom 10th percentile to more than $85,600 a year in the top 10th percentile. The highest-paying state overall was Nevada, where hotel managers earned $74,180 a year on average in 2009. The vast majority of loading managers worked directly in traveler accommodation, averaging $52,830 a year; but company management firms paid the highest of any employers at $79,740 a year.
Food Service Managers
Food service management makes up the largest single occupation in the hospitality industry, with about 190,250 people employed in the sector as of 2009. The average annual wage according to the bureau report was $51,400 a year, with the bottom 10th percentile making less than $29,810 and the top 10th percentile earning more than $78,910 a year. Food service and beverage managers in Delaware made more on average than in any other state with an annual mean wage of $69,720 a year. The vast majority of these managers worked in limited- or full-service eating establishments across the country, making between $45,370 and $53,750 on average. However, grocery merchant wholesalers paid the highest wages by far, averaging $91,130 a year.
A limited number of hospitality majors may go on to become gaming managers, who basically oversee the gambling aspect of casinos. In 2009, there were only 3,390 gaming mangers employed, but they earned $74,030 on average. The lowest reported wages in the bottom 10th percentile were less than $40,640 a year, while those in the 90th percentile made more than $115,420 annually. Most gaming managers, naturally, worked in Nevada, for an annual mean wage of $85,270 a year, but Missouri was actually the highest paying state at $95,280 a year. Hotels, casinos and local governments were the most common employers; they paid between $67,440 and $78,770 a year, Company management firms were again the best-paying employers, whose gaming managers boasted an average wage of $98,520 a year.
Convention and Meeting Coordinators
Another common career for hospitality management majors is coordination of conventions and meetings. Based on the 2009 BLS report, there were 51,530 of these managers, earning $48,060 on average. In the bottom 10th percentile, wages were less than $27,550, but in the 90th percentile, meeting and convention planners made more than $75,160 a year. The highest concentration of convention and meeting managers were in Washington, D.C., and they earned $55,170 a year on average, the highest of any state. Most convention and meeting coordinators worked for hotels, averaging $44,420 a year; or in business, professional and political organizations, averaging $51,270 a year. The highest-paying employers for convention and meeting coordinators, however, were software publishers, paying $65,530 a year on average.
- Photo Credit Jupiterimages/Comstock/Getty Images
What is Tourism & Hospitality Management?
Those with careers in tourism and hospitality management provide valuable services to travelers while potentially earning significant discounts on travel and lodging...
How Much Money Does Someone in Sports Management Make?
A career in sports management can lead to a job with professional sports teams or post-secondary institutions, as well as amateur sports...
How Much Do People With Culinary Degrees Make?
Graduates of culinary degree programs are typically hired as various types of chefs, restaurant managers and caterers. Salaries for people with culinary...
How to Make Lilac Sachets
When your lilac bushes are in full bloom, capture and preserve their appealing fragrance by making lilac sachets for your linen or...
How Much Money Does a Hotel Manager Make a Year?
Hotel managers make sure their facilities run smoothly, that customers' needs are met and operations remain within budget. According to the U.S....
How Much Does Hotel Management Get Paid?
Hotel managers coordinate the staff, budgets, marketing and material resources of hotels to ensure a satistfactory experience for guests. One general manager...
Hospitality & Tourism Management Salary
Hospitality and tourism are two of the largest industries in the United States. Food service and drinking establishments alone employ over nine...
What Can I Do With a Degree in Hospitality Management?
In order to get into the management ranks of the hospitality industry, you normally need a college degree. But before you commit...