Category Archives: Career

What Can You Do With A Music Degree?

“What can I do with a music degree?” It’s a common enough question for the musician who’s thinking about going to college. Unlike choosing business or nursing, where it may seem like a clear career path stretches ahead, music seems like rather a vague college major. Does a music degree prepare students to launch a rock ‘n roll band? Do graduates typically become opera divas?

The answer is yes and no. While many people who choose a music major go on to be performers or teachers, many others will go into quite different professions. Hard as it may be to believe, there are lawyers who earned their undergraduate degree in a music related major. The same can be said for doctors, accountants and advertising executives.

The reality is that a great diversity of students choose to earn a music degree. What you can do with a degree in music is truly up to you and your ambition. If it is your dream to become a celebrated cellist, then there are degree programs designed to help you achieve your goal. If, on the other hand, you hope to teach elementary school children one day, a music degree may also be an excellent choice. Even if your ultimate career goal does not obviously involve music, you can still derive benefit from the discipline, focus and creativity you will develop in the pursuit of your degree.

Inherent in the pursuit of a music degree is the development of many skills and abilities that will serve students well in any field of work. Years of intensive practice help to build a strong work ethic and the ability to fine tune a project to a highly polished degree. Because being a musician or vocalist involves working as part of a larger group, students in this major also learn to be strong team members who are good at listening to the ideas of others and incorporating them into a finished product. Moreover, many people who study music are creative and able to think outside the box. Regardless of the industry in which they choose to work, their ability to devise, refine and implement innovative ideas is a valuable skill that will be sought after by many potential employers.

Music majors who have a passion for performance may go on to become a singer or play an instrument in an orchestra or other ensemble. Some of these performers may branch out into conducting one day. Other graduates will become songwriters or composers. Perhaps they will write the next popular song everyone hears on the radio or create the score for a major motion picture. Music degree holders may also choose to help others with their learning. A degree in music education enables the graduate to teach in public and private settings. A music therapy degree allows people to help clients who are dealing with physical, emotional and psychological issues. Some graduates will take a more business oriented approach, choosing to become a music agent or a music industry executive for a record label.

Like many four year degrees, a music degree is valuable not just for the specific information the student learns in class. The pursuit of the degree also instills a number of useful skills and abilities that the student can use in absolutely any job. Whether the student decides to become a music therapist, an elementary school teacher or a violinist, earning a degree will grant them the basic credentials they need for success. The following list is merely a small sampling of the potential careers that people who earn a music degree may pursue.

Music Degree Jobs

  • Administrator of an arts organization
  • Music transcriber
  • Vocalist
  • Musician
  • Conductor
  • Songwriter
  • Producer
  • Historian
  • Music agent
  • Music critic
  • Teacher
  • Librarian
  • Music licensing
  • Music publishing
  • Music therapist
  • Music instrument repairer
  • Promoter
  • Tour manager
  • Sound technician
  • Public relations representative

Struggling to Get By on a Musician’s Salary? Use a Robo-Advisor to Invest and Save

6. Try a robo-advisor

If you are in music school or have recently graduated, you have chosen an exciting career—but you also have picked one where it is notoriously difficult to succeed.

Music is one of the most competitive fields out there.  Opportunities are restricted, and only those who are extremely talented and well-connected will bring in a high income.

Add to that the high cost of music school, and you may find yourself struggling just to pay your rent each month.

When you can barely afford to keep up with your monthly bills, how will you ever manage to invest so you can retire? There is no easy answer, but one tool which may help you to succeed is a robo-advisor.

Robo-Advisors Are Rising in Popularity

A robo-advisor is an online investment service you can use to plan and manage your portfolio.  While robo-advisors are geared in part toward lower and middle-income consumers who cannot afford the high fees of managed investment services, they are becoming increasingly popular with high-net-worth individuals as well.

This is significant, because a lot of lower-net-worth consumers question whether robo-advisors really deliver results—or whether they are just a gimmick aimed at those who cannot afford to pay the professional fees of traditional investment brokers.

The fact that even high-net-worth consumers are turning to robo-advisors tells you that low fees are not the only reason to go with an online investment service. The returns compete easily with those associated with traditionally managed portfolios.

How Robo-Advisors Can Help Struggling Musicians

As a musician, you may not earn a very high income. While there are high-paying opportunities out there (some musicians do earn in excess of $100,000 a year), they are hard to come by.

You may very well find yourself juggling multiple jobs. You may sometimes have a music gig and other times be searching for one. Some jobs may only last for a few months. Your day job may not pay you very well either.

In this situation, you may have just enough money to pay your bills and set a little aside. That is hardly enough to consider investing with a traditional financial advisor. Traditional advisors set high minimums for investments and charge high fees for their services.

With a robo-advisor on the other hand, you can:

• Get started with investing just a few hundred dollars.
• Save money on fees.
• Receive personalized advice without making an expensive appointment.
• Take care of your retirement accounts online with a few simple clicks.
• Enjoy hands-off investment earnings. You can monitor your accounts anytime and get as involved as you want—but you also can step back and let your investments take care of themselves while you focus on your music career.

How can you get started?  The first step is to look at a robo-advisor comparison chart.  This makes it easy to see features like:

• The minimum initial deposit required
• Whether or not tax loss harvesting is offered
• Whether human advisors are available
• Which types of retirement accounts you can set up
• Fees you can expect

That way you can find the robo-advisor which is going to fit your needs best. Be sure to read robo-advisor reviews before you make your decision. Making a living as a musician is tough, but that does not mean you cannot set aside a nest egg for retirement.

With a robo-advisor on your side, you can save toward your future!