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Education: Considering music managers are responsible for all the legal and business aspects of an artist's career, they usually must have a bachelor's degree in the music business (or business in general). Several schools offer music management or business management degrees.
Most managers receive a percentage of the artist's gross income, typically between 15-30 percent. Before signing a management contract, artists should thoroughly review the terms and consider seeking legal advice. It's crucial to understand what you're agreeing to, as this contract can significantly impact your career.
Managers' commissions are typically between 15 to 20% of an artist's gross income. Whether it's 15% or 20% really depends on the level of the band and the bargaining power of each party. I've seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.
Here are some steps you can follow to start your career as a music manager: Earn a bachelor's degree. Complete an internship. Stay updated on trends in the industry. Apply for jobs with established artists or companies. Find your own clients.
1. Commission-Based Earnings: The primary way artist managers earn their income is through a commission on the artist's earnings.
Your manager can earn anywhere between 15 and 25 percent of your earnings. This is fairly standard. Other details that you should look into include the length of the contract and the continuation of payments to your manager after the contract ends.
Some start by managing artists or groups they already know, while others apply for positions at management companies, found their own, or join an artist's team in a different capacity—as a business manager, agent, or personal assistant—before taking over management duties.
High Paying Artist Jobs Digital Artist. Salary range: $51,000-$157,000 per year. Game Designer. Salary range: $155,000-$155,000 per year. Director of Creative Services. Salary range: $87,500-$149,000 per year. Art Director. Salary range: $121,000-$127,000 per year. Visual Designer. Designer. Creative Services Manager. Copywriter.
High Paying Artist Jobs Digital Artist. Salary range: $51,000-$157,000 per year. Game Designer. Salary range: $155,000-$155,000 per year. Director of Creative Services. Salary range: $87,500-$149,000 per year. Art Director. Salary range: $121,000-$127,000 per year. Visual Designer. Designer. Creative Services Manager. Copywriter.