Career Definition of a Producer
Producers are skilled managers who oversee every key element of a project. They select scripts, hire and approve of actors and directors, create budgets, secure financing, arrange rehearsals, and settle contracts with other personnel. Producers might also assist with marketing and distribution once their project has been completed. A career as a producer might find you working in a Broadway theater, a movie lot in Hollywood or in any of the thousands of local television or record studios, radio stations, resorts or regional theaters in-between.
|Education||Bachelor's or master's in business or artist management|
|Job Skills||Organization, diplomacy, energy, networking|
|Median Salary (2015)||$68,440 for producers and directors|
|Job Growth (2014-2024)||9% for producers and directors|
Source: U.S. Bureau of Labor Statistics
There is no specific educational requirement for a career as a producer; however, because producers are responsible for negotiating contracts, monitoring cash flow and developing business plans, a bachelor's or master's degree in business or artist management may help new producers get the kinds of opportunities they're looking for.
Job Skills Required
A producer must first be an entrepreneur, someone who is motivated to get things done, someone who possesses a multitude of skills. A producer must be organized, flexible, diplomatic in negotiations and energetic. Producers must be both practical and artistic since it is their job to mind the budget while approving creative decisions. Because it is experience rather than education that builds a career for a producer, he or she must be able to network and maintain positive working relationships with a variety of people.
Salary and Economic Outlook
The latest findings from the U.S. Bureau of Labor Statistics (BLS) projected that employment for producers and directors would grow 9% from 2014-2024. This modest growth is attributed to emerging technology in the field, such as online television and mobile devices, as well as international film interest. While it is difficult to estimate an average salary for producers due to the variety of projects and opportunities for royalties, in 2015 the BLS placed the median yearly income for producers and directors at $68,440.
Alternative Career Options
Here are some other careers you might consider that are related to production.
According to the BLS, camera operators working in the video, television and motion picture industry earned a median income of $49,080 per year, as of 2015. These professionals use various technical equipment to record video and audio footage. A bachelor's degree in film or a similar career is usually needed. Only 2% job growth was estimated for camera operators in the 2014-2024 decade, per BLS reports.
Film and Video Editor
While camera operators capture footage, editors revise the content, typically in a digital format. Editors usually have extensive experience in the field and may begin as assistants. BLS 2015 reports determined that the median salary of film and video editors was $61,750. For the 2014-2024 decade, this field was expected to see job growth of 18%, according to the BLS.