Tennessee Career Guide | 2024-2025 81 Educational Requirements and Typical Workday The educational requirements for music business jobs vary depending on the role. Entry-level positions may only require a bachelor's degree in a related field, such as music, business, marketing, audio engineer- ing or communications. More specialized or senior-level roles may require additional ed- ucation such as a master's degree in music business or entertainment law. A typical workday in the music business can differ significantly based on the position. An artist manager may spend their time coor- dinating recording sessions, negotiating contracts, planning tours and managing the public image of their client. A record label executive, on the other hand, may focus on identifying and signing new talent, oversee- ing the creative and production processes and developing marketing strategies. Regardless of the role, professionals in music business often work in fast-paced en- vironments, juggling multiple tasks and projects simultaneously. Networking, at- tending industry events and staying up to date with the latest trends and technologies are also essential parts of the job. Key Traits for Success in Music Business Individuals who thrive in the music business often possess a combination of creativity, business acumen and a deep passion for music. Strong interpersonal and communi- cation skills are crucial, as the industry often involves navigating complex relationships with artists, industry partners and the public. Additionally, successful music business pro- fessionals tend to be adaptable, resourceful and able to think strategically. Comfort with ambiguity and the ability to make informed decisions in the face of uncertainty are also valuable traits for the profession. Earning Potential and Job Outlook The average salary in the music business can vary widely depending on the specific role, level of experience and geographic location. According to the U.S. Bureau of Labor Sta- tistics, the national median annual salary for music directors and composers was $55,120 in 2022 and the national median annual salary for music promoters was $49,370. Salaries can be significantly higher for those in senior or executive-level positions, such as record label presidents or high-profile artist managers. These individuals may earn six-figure or even seven-figure salaries, especially in the highly competitive world of the music industry. The demand for professionals in the music business is expected to remain strong in the coming years, driven by the continued growth and evolution of the global music in- dustry. As the industry adapts to new tech- nologies, consumer behaviors and business models, the need for skilled professionals who can navigate these changes and capitalize on emerging opportunities is likely to increase. Pursuing a Career in Music Business The music business is a dynamic and ever- evolving industry that offers a wealth of op- portunities for those with the right combination of skills, passion and persever- ance. Whether you're interested in artist management, record label operations, music publishing or any other aspect of the industry, the key to success is to continu- ously adapt, innovate and stay attuned to the changing trends and technologies that are shaping the future of the music business. To learn more about the music business and explore career paths in this field, consider pursuing relevant coursework through a Bachelor of Business Administration in music business, attending industry events and conferences and networking with pro- fessionals already working in the industry. With dedication, hard work and a deep love for music, a rewarding and fulfilling career in the music business is within reach. Links to Learn More dittomusic.com/en/blog/how-to-get-a-job-in- the-music-industry www.bls.gov/careeroutlook/2015/article/ca- reers-for-music-lovers.htm www.bls.gov/ooh/media-and- communication/broadcast-and-sound-engineer- ing-technicians.htm Tennessee’s Top Careers Located near the heart of thriving Nashville, Tennessee, commonly known as Music City, Belmont University consists of nearly 9,000 students who come from every state and 33 countries. The University is nationally recognized for its innovative approach as well as its for its strengths in music/entertainment, healthcare and business education, among others. As a Christ-centered, student-focused community, Belmont’s mission is to develop diverse leaders of purpose, character and wisdom who possess a transformational mindset and are eager and equipped to make the world a better place. For more information, visit www.belmont.edu. The Information on this career is submitted and sponsored by
