The music industry is big business, however, how do you determine what part of it you should go into?
For this reason, College Matchup put together a useful infographic that guides you in your choice in the careers in the music industry - all depending on your personality type! Learn more by exploring our infographic below.
Far from just art for art’s sake, music is business: big business.
$15.6 billion = Recorded music industry revenue 2015[3]
[parts of that 15$ billion][4]
46% physical sales revenue
46% digital sales revenue
6% performing rights (personalized streaming services, broadcasts, venues)
2% Synchronization revenue (adverts, brands, film partners)
In perspective:
That’s double the value of every beer stocked on a store shelf that year [1]
Music is global. And globally appealing.
But the US is the true center of music business
Genres by total consumption in the US:
Rock 29%
R&B/Hip Hop 17.2%
Pop 14.9%
Country 11.2%
Dance / EDM 3.4%
Christian Gospel 3.1%
Holiday / Seasonal 2.6%
Latin 2.6%
Jazz 1.4%
Classical 1.4%
Children 1%
And a perfect place to start a career in music
Such as:
Personal Manager
Booking Agent
Concert Promoter
Music Publisher
Professional Manager
Business Manager
Music Business Accountant
Entertainment Lawyer
Music Educators
Recording Engineers
There are tons of ways to get involved in the music industry. How do you know which is right for you?
It all depends on your interests, education, and personality.
Music Creation
Sound Engineering
Education
Performance
Business
Management
Sales
Law
Accounting
Bachelor of Music (BM) or Bachelor of Fine Arts (BFA)
Bachelor of Music Education (BME)
Bachelor of Arts in Music (BA)
Bachelor of Science in Music (BS)
Bachelor of Science in Music Business (BS)
INTJ – The “Architects” are people who can strategize and plan for any situation
INTP
ENTJ
ENTP
INFJ
INFP
ENFJ
ENFP
ISTJ – The “Logisticians” are people who are very fact-centered and reliable
ISFJ
ESTJ – The “Executives” are people who excel as administrators and managers of people
ESFJ
ISTP – The “virtuosos” are people who are bold and practical implementors
ISFP – The “adventurers” are people who are flexible and charming, will try anything once
ESTP – The “entrepreneurs” are people who are smart, perceptive, and very energetic
ESFP – The “entertainers” are people who are spontaneous, energetic, and enthusiastic
—
With a little hard work and a desire to work in a musical field, there’s a role for almost everyone!
Description: represents a musical group and helps to manage all aspects of their career
Salary: generally 10-50% of an artists earnings
Personality types: INTJ, ENTJ, ESTJ
Education: Associates degree or above, music business
Description: Secures bookings for musical talent at venues
Salary: $20,000 to +$1,000,000
Personality types: ENTJ, ENTP, ENFP, ESTP
Education: Associates degree or above, music business
Description: Hosts musical acts and artists, acts as organizer for musical events.
Salary: $0 to +$1,000,000
Personality types: ENTJ, ENTP, ENFP, ESTJ
Education: Associates degree or above, music business
Description: Publishes music, negotiates royalties, copyrights music, distributes music
Salary: $20,000 to +$1,000,000
Personality types: INTP, ENTJ, ESTJ,ISTP, ESTP
Education: Associates degree or above, music business
Description: Pitches music owned by publishing companies to labels and bands for performance and recording
Salary: $20,000 to $64,590
Personality types: INTJ, ENFJ, ENFP, ISFP
Education: Bachelors in Marketing, Music Business, or Other
Description: Music educators in private settings, primary, secondary, or college settings
Salary: $32,540 to $128,330
Personality types: ENFJ, ENTP, INFJ, ESFP
Education: Bachelors in education, bachelors in music
Description: Manages musician and entertainer finances
Salary: $25,000 to +$1,000,000
Personality types: ISTJ, ESTJ, ESTP
Education: Bachelors in music business, business, or accounting
Description: Advise and work with musicians and music business companies in financial affairs
Salary: $40,370 to $113,470
Personality types: ESTJ, ISTJ, ENFP, INFJ
Education: Bachelors in accounting
Description: Manages legal matters for musicians: contracts, negotiation, advice, and counseling.
Salary: $70,000 to $150,000
Personality types: ENTP, ISTJ, ESTJ, INTJ
Education: Juris Doctor (JD)
Description: sets up and operates recording equipment so as to create albums. Oversee artistic and technical elements of the recording session.
Salary: $25,000 to $150,0000
Personality types: INTJ, INTP, ISTP, ISFP
Education: On the job or associates degree