What Are the Best Paying Careers in the Music Industry?

The music industry includes career options in music business, production, performance and education. If you have the passion and talent to rise to the top in this competitive field, read below about some of its highest-paying careers. Schools offering Music Business degrees can also be found in these popular choices.

Overview of Music Industry Careers

An associate's or bachelor's degree in a music-related discipline prepares you for entry-level positions in the music industry; however, the industry is highly competitive. Through music degree programs, professional networking and a solid reputation, you can be well on your way to a music career that complements your musical talents and interests. Occupations in the music business and audio production typically yield higher earnings than performance occupations; however, many factors influence music industry salaries, including experience level. A few examples of the best-paying careers in the music industry can be found below.

Record Producer

Record producers, also known as music producers, are in charge of the creative and financial aspects of recording sessions. They possess the knowledge, ability and fortitude to creatively work with musical artists to produce their records. They also hire musicians and engineers as well as recording, editing, mixing and mastering various music tracks. According to PayScale.com, the salaries, bonuses and profit sharing of music producers can combine to reach as high as $173,988, though the median annual salary in April 2014 was $51,473.

Film Score Composer

Film score composers work with film directors to write original music for movies. With a thorough knowledge of music composition, notation and theory, film composers play a vital role in adding dynamics and dimension to a film through music. According to the U.S. Bureau of Labor Statistics (BLS), composers who work in the sound recording industry earned an average of $63,370 in 2013.

Booking Agent

Booking agents find venues and schedule live performances for artists and bands. Booking agents need to understand a musical group's audience and find the most appropriate venues to increase their exposure. According to the BLS, agents and managers for artists, athletes and entertainers earned an average of $101,380 in 2013.

Other Careers and Salaries

The Berklee School of Music report illustrated several music industry careers with high earning potentials (www.berklee.edu). The report noted that salaries vary widely by location and level of ability. Orchestral musicians, music arrangers, music attorneys and record company A&R (artists and repertoire) representatives who discover new talent also have the potential to earn competitive salaries.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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