To become an athletic business manager you should have a degree and qualifying expertise in the field. Knowing the salary, job outlook and job description can also give you a better idea about this industry.
Athletic business managers represent athletes or entire athletic departments at the college or professional level. Individuals in this field are able to combine a business background with a love of sports. Degree requirements vary; a bachelor's degree might be sufficient for entry-level jobs. Employers often prefer candidates with several years of related experience.
|Required Education||Bachelor's degree; master's degree for advancement|
|Other Requirements||Several years' relevant experience|
|Projected Job Growth (2018-2028)||10% for agents and business managers of artists, performers and athletes*|
|Median Annual Salary (2018)||$66,040 for agents and business managers of artists, performers and athletes*|
Source: *U.S. Bureau of Labor Statistics
Athletic business managers are concerned with business operations in the world of athletics, which involves planning and preparing budgets, participating in public outreach and negotiating contracts. They also might create excitement and anticipation around a team or a player through the development of marketing and advertising campaigns.
Athletic business managers promote athletes or entire athletic organizations and ensure that all financial aspects run smoothly. Depending on whom they represent, their job duties can vary greatly.
When managing the career of an individual athlete, athletic business managers negotiate contracts and other business opportunities that maximize the benefit to their clients. They also might be responsible for coordinating marketing, promotional engagements and travel. Additionally, they work with their clients to create and maintain career strategies.
Business managers also might handle the day-to-day business and financial operations of an entire athletic team or department, including managing travel, budgets and payroll. In this role, they ensure that the team or department follows any regulations or guidelines established by the organization. Additional job duties might include assisting with fundraising and managing events.
A bachelor's degree with a concentration in business, accounting or sports administration usually is a basic requirement to start a job as an athletic business manager. Often, a master's degree or extensive experience is preferred.
Additional requirements might include exceptional communication abilities, financial management capabilities, and organizational and time management skills. An applicant also must be thoroughly familiar with athletics and business management and have an interest in the sport they'll be managing.
Salary Info and Job Outlook
In May 2018, the BLS reported that professionals in the 90th percentile or higher earned $187,600 or more per year, whereas the bottom 10th percentile earned $33,440 or less per year. The BLS also projected that employment of such business managers and agents would grow faster than the national average through 2028.
Though a master's degree is preferred by some employers, a bachelor's degree will stand out just enough to get you a job as an athletic business manager. Jobs should be competitive during the 2018-2028 decade.