MUM 2702, Professor Calle
Miami Dade College
What Does a Business
handles the day
to day business & financial affairs
of musicians and entertainers.
Although musical skills are not required,
a business manager must have effective
negotiation, problem solving, money
management, and investment skills.
Must also be proficient in tax law.
Audition and music theory test not
Two to Four
year Business Administration
Emphasis in Accounting or Management.
More Knowledge and Experience = Better
Degree is usually required.
Colleges offering two
University of Miami
Berklee in Boston
Degree is Business Administration with emphasis on
accounting, management, or entrepreneurship.
Colleges offering four
FIU, UM, BERKLEE
Education and training
About $7,000 for Business Admin
Degree per FIU.edu
Sources of Payment:
Family Funding, Loan
Freelance: Web design/Graphics,
Markets and disciplines
A good Business Manager is always in
demand, whether in the music
business, or regular businesses.
Skills can all be applied to unique
situations in all market types.
N/A but may be able to look here in
Over 230,000 Management Occupations
in Florida (in 2006).
Business management Skills are malleable
and easy to implement in other markets.
Security and benefits
Job security for a business manager
really depends on his or her skill set
and dedication level.
If employed by a large corporation,
may have good benefits.
About $30 per hour if employed
A good business manager has the
potential to make an indefinite amount
if he has an entrepreneur mindset.
To advance as a business manager, one must
keep learning, improving, and sharpening
skills. Additionally, must be up to date with
newest technology, internet
business/promotion, and future trends.
Business managers can be employed by the
label or artist. They can also be self
employed and freelance.
Benefits and retirement
Health Insurance? Usually not, unless
employed by a large company.
Retirement Plan? Depends on
I would obtain insurance and save for
retirement from my personal sources.
Depending on the complexity of the
particular client’s needs, there may be
time to pursue other ventures or side
Personally, I would not want to put all
my eggs in one basket at any given
Interesting and Challenging.
Lots of different skills must be applied.
Artist may have an “ego problem”.
Business managers are put in place to handle
an artist’s financial matters thus relieving the
artist (or label) from this very important task.
It allows the artist and label to spend more
time on other things like creativity and
promotion. I am personally leaning more
toward the entrepreneur side of things
because I find its rewards for creativity and
flexibility more appealing. Overall, if you are
business minded, a career as a business
manager might be the perfect job.
Five educated recommendations for those
interested in this field.
1. Stay on top of your game
reading what other successful people are doing.)
2. Develop the passion
3. Make good connections/contacts
WHO you KNOW.)
4. Make good habits.
5. Save money and invest in real estate to
U.S. Department of Labor, Bureau of Labor Statistics. (2008). Overview of BLS statistics by occupation.
Retrieved March 17, 2008, from: