The goal of the music business degree is to provide students with a blend of music experience and business skills. Every record label, famous recording artist, and movie that is made requires someone who has in depth knowledge of the music business. Through music business schools, students can learn the ins and outs of the industry through a range of classes that focus on topics, such as management, digital rights, and entrepreneurship instead of performance and composition. As the recording industry continues to transform and the old industry models are made increasingly obsolete, graduates with the skills to thrive within the digital markets will thrive and pave the way for new record companies and agents. Students who attend a school that is focused on music may be offered an associates or a bachelors degree in music business studies or an MBA in entertainment management.
Music Business Education and Training
Students who enter music business management degree programs can expect to learn a wide variety of skills that laws that relate to the music industry in its current form. Every student can expect to learn about marketing, licensing, digital distribution, and publishing. Depending upon the chosen pathway, students may also learn about managing and planning events, managing professional musicians, and running a venue. Music business classes may include:
- Music Industry Entrepreneurship
- Entertainment Business Law
- Artist Management
- Copyright and Intellectual Property Law
- Music Licensing
- Music Publishing
- Music Marketing
- Public Relations
Some of the common core courses in music business degree programs that students must complete in order to graduate include the history of the music business, intellectual property and copyright law, career development, and small business management. Students can also expect to take classes in law, Internet marketing, personal management, networking strategies, and concert and tour production. Some colleges with music business majors also offer internships within the industry.
Music Business Management Careers
Graduates of music business courses can go onto taking up a number of different positions inside and outside of the industry. Those with the necessary management skills can go onto starting their own record labels, managing artists, or managing a concert venue.
Other students of music business schools may go into promotions and marketing for major or independent labels, while others may organize concerts and tours. However, since these degrees have a strong business focus, the skills learned can be easily transferred and used within other industries. Music management roles include:
- Business Manager
- Tour Manager
- Event Manager
- Production Manager
For example, some graduates of music business schools take jobs within the film and television industries working within the copyright and digital rights management offices. Other careers include: Venue managers, Musical artist representatives, Retail salespersons, Freelance musicians, and Performance marketers.
Estimated Income and Projected Career Outlook
The average salary for entry-level positions for graduates of music business schools within the industry ranges from $34,400 to $40,000. However, with experience and promotions, salaries will range from $50,000 to $70,000. Students who graduate with advanced degrees and those who have gained industry experience through internships tend to command higher salaries than those who only have a bachelor’s degree.
Expected growth for this industry, according to the United States Bureau of Labor Statistics is 13% over the next decade. This is higher than the average growth for other sectors. However, a high number of the positions created will most likely be internship jobs. The BLS estimates that business managers and agents of performers earned an average hourly wage of $47.03 in 2009 or an annual salary of $97,820.
Since this industry is highly competitive, students should seek out internships during their years at music business schools in order to give them an edge over other job applicants. Alternatively, they can also seek MBA programs in entertainment management in the field. This may also lead to an increase in pay as well as increased job opportunities.
Music Business Management Programs
- Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
- Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
- Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
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- Music Business, Bachelor of Science (Online)
- Entertainment Business, Master of Science (Online)
- Music Production, Bachelors of Science (Online)
- And more...
- Alumni have appeared in reality competition shows such as Top Chef and Project Runway.
- Dedicated career services team that helps students tap opportunities in a marketplace driven by ideas
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- Audio Production (BS)
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