When it comes to their careers, many people try to follow the advice to do what they love to do. Being able to work a job you enjoy provides an added bonus of excitement that you just don't get when you work a job for the money. However, since your landlord only accepts cash for the rent, finding a job that pays well and allows you to obtain the lifestyle you want is equally important. If you have been looking at a career in the party planning industry, one of the questions on your mind is probably how much your event management salary will be.
Well the money you can make as a party planner depends on a number of factors. The location of the job, whether you work for yourself or for a large company, your responsibilities, your education, and your years of experience will all contribute to how much your event management salary will be. If you live in a large city, like Los Angeles or New York City, then you will be paid more than if you lived in a small town. This is generally because the cost of living in larger cities is higher and salaries are adjusted to account for that.
Another thing that will influence what you event management salary will be is your experience and education. This is particularly true if you are applying for jobs with a large party planning company. Event planning businesses will pay a person who has a degree in event management or several years of experience in event planning more than a person who doesn't. A lot of this has to do with the fact that they don't have to train the person for their job. Additionally, a person with hands on experience in the field will have built up a list of contacts and clientele that the business can use for their own means.
The average event management salary ranges between $48,000 and goes as high as $99,000. Most people in the field makes between $60,000 and $87,000. People who are just starting out in event planning will earn a salary at the lower end of the scale while people who have been in the field for a long time or who have earned a degree in event planning will earn a paycheck in an amount that is towards the higher end of the scale.
People who own an event management company will also make more money. However, as the owner of the company, you do take on a lot more risk than someone who simply plans the meetings or works as part of the support team. Carefully consider the benefits and the disadvantages of being entrepreneur in the industry before deciding to go that route. Whatever you decide, increase your earning power by taking event planning courses and obtaining a degree. Not only will you obtain the knowledge and skills needed to be a success in the industry, you will also be able to ask for more money when you land the job.