Sports Economics Jobs
Sports economics offer a variety of job opportunities for finance professionals. An investment banker could analyze a firm's funding sources and help a team or a company raise cash on capital markets. A sports economist could teach or conduct research on industry trends and indicators. This expert also could help a firm manage financial and operational risks.
-
Economics Teacher
-
A sports economics teacher specializes in financial activities of sports businesses, sectors, products, geographic zones or regions. This specialist conducts research on industry trends and could advise a sports team or a ticket vending company on investment strategies. For example, the National Basketball Association (NBA) commissioner could ask a sports economist to research opportunities for business development in South East Asia and advise the NBA on expansion initiatives in that region. The median annual salary of a sports economist in 2008 was $58,830, according to Bureau of Labor Statistics.
Investment Banker
-
An investment banker is an economics and finance expert who uses capital markets and financial analysis skills to help a sports team or organization raise financing for short-term operations or long-term initiatives. An investment banker also could help in corporate reorganization activities such as mergers or acquisitions and initial public offerings (IPO). These offerings indicate that a business entity is selling shares to investors for the first time on financial markets. According to the U.S. Labor Department, the median income of an investment banker, excluding bonuses, was $87,193 in 2008.
Private Banker
-
A private banker, also called a wealth manager or a personal financial adviser, uses finance and economics skills to assess a client's financial history and recommend short- and long-term investment strategies. A wealth manager's clients could include high-net-worth athletes or sports managers, university endowments, mutual funds and charitable foundations involved in sports activities. Bureau of Labor Statistics data show that the average salary of a wealth manager was $69,050 in 2008.
Corporate Finance Specialist
-
A corporate finance specialist analyzes a sports organization's operating data, capital structure models and working capital ratios to advise on budget adjustments, performance strategies and financing needs. A capital structure model details sources of funds an organization uses to finance operating activities. Such sources could be ticket sales, loans and equity. Working capital indicates a company's short-term cash availability, and equals current assets minus current liabilities. U.S. Labor Department surveys indicate that the median income of a corporate finance specialist, excluding bonuses and stock options, was $99,330 in 2008.
Risk Manager
-
A risk manager helps a sports organization assess and price risks involved in the organization's activities. Such risks might be operational risks, such as losses due to technology malfunction, or financial risks, such as losses due to business partner defaults. The Bureau of Labor Statistics estimates that the average salary of a risk manager, excluding bonuses, was $99,330 in 2008.
-
Related Searches
References
- Bureau of Labor Statistics: Career Guide to Industries, 2010-11 Economists
- Bureau of Labor Statistics: Career Guide to Industries, 2010-11 Financial Managers
- Bureau of Labor Statistics: Career Guide to Industries, 2010-11 Edition: Teachers---Postsecondary
- Bureau of Labor Statistics, OOH 2010-11: Personal Financial Advisors
- Bureau of Labor Statistics, OOH 2010-11: Securities, Commodities, and Financial Services Sales Agents
- Photo Credit Water Sports image by Vanessa van Rensburg from Fotolia.com
