Event Planner Salary By Experience
|Experience Level||Low Hourly||High Hourly||Low Annual||High Annual|
|20 Years +||$18.35||$39.89||$38,160.00||$82,980.00|
In the United States, the event planning industry is relatively a new field. Demand for professional event planners has been on the rise, which makes it a very attractive line of work.
The event planner is a professional who takes care of the minutest to biggest details in planning corporate events such as business seminars, press conferences, and conventions, as well as social gatherings like birthdays, weddings, anniversaries, and parties. An event planner's responsibilities include arranging dates and alternate dates for the events, picking and securing the appropriate venues, filing for and acquiring the necessary permits, and coordinating with transportation and parking service providers.
In some events and occasions, wedding planners are tasked to find speakers and alternate speakers, coordinate with other professionals such as photographers, decorators, singers, DJs and music operators, and dancers. They also help in selecting a motif for a particular gathering and have a hand in selecting caterers and overseeing the menu.
The event planner also has to bear in mind budget and time constraints and must coordinate with his or her clients about any changes in plans in order for the event to go well. An event planner must have exceptional communicational and analytical skills as well as some degree of business sense because the profession involves dealing with a variety of people, from hotel owners to mall managers to security officers and even political figures. Events planners need to be flexible and must have initiative in addressing critical situations and minor lapses in details that could potentially ruin the whole event.
There are now 64,020 professionals in the country who are earning a median event planner salary of $46,020 per year. Planners who fall into the top 10% group of earners make over $78,530 per annum. Those who are in the bottom 10% are paid an average rate of $27,410 per year or less.
Event planners are usually independent professionals whose fees vary according to the type of clients they work for. The industries of their customers heavily influence the range of their event planning salary along with the level of employment opportunities.
In the United States, companies engaging in the traveler accommodation business such as hotels and inns have provided the biggest employment prospects for event planners. About 7,920 planners are currently working with hotels and other similar businesses and are paid with an average salary of $45,560 a year, which is lower than the national figure. Business and political organizations also provide vast employment opportunities for planners. Approximately 7,790 are connected to such firms and are making $54,020 event planner pay a year on the average.
High income opportunities are present in investment firms ($93,640), wired telecommunication carriers ($68,360), nondepository credit intermediation firms ($67,640), and aerospace product and parts manufacturers ($67,580). While these industries seem attractive in terms of earning potential, employment prospects are not that high and competition is tight. Qualifications and credentials are also strict and usually reserved for event planners that have wide experience in the business as well as high levels of credibility and performance.
Though it is a relatively new field of work, many event planners have a bachelor's degree in business management, hotel and hospitality management, business communication, marketing, public relations, and other related fields. There is no strict academic requirement, but because of the increasing complexities of an event planner's functions, a earning a bachelor's degree will help a budding event planner learn certain business and communication skills useful to succeed in the event planning industry.
While there are no formal requirements, an event planner that is connected to reputable institutions and organizations has higher chances of attracting potential clients and employers, and negotiating a decent starting salary. Organizations such as the Event Planners Association (EPA) and the National Alliance of Special Events Planners (NASEP) are among the legitimate groups for event planners.
Aside from membership, event planner groups also offer trainings and seminars to professional and non-professional event planners who want to improve in their fields.
They also provide event planners the opportunity to network with other professionals (i.e. photographers, singers, and caterers) and companies (hotels, airlines, and transportation rentals) whose products, facilities, and services planners will need their service.
The Bureau of Labor Statistics predicts that the event planning industry will increase by as much as 44% within the 2010-2020 decade. The growth is described as much faster than the average for all occupations, which is a comparatively small 14%.
Event planners will see growth in terms of employment opportunities in the following years to come because business meetings and conventions are also likely to increase due to the globalization of business and the increasing significance of international trade. This growth is a strong indicator for an increased average event planner salary in coming years.
Small events and gatherings such as birthdays, weddings, reunions, and anniversaries will still spur the demand for event planners who are experts in providing planning services on a budget. More and more people will likely hire event planners to take care of the responsibilities of planning and so that they can devote their time to other matters.
Experienced planners with degrees in business management and hospitality management have higher employment prospects compared to others. Competition is expected to be tough but with the current trends in the industry, signs are looking good for the budding event planner.
The majority of event planners are either working as independent professionals or employed with planning agencies operated by experienced planners. Those who have college degrees in hospitality management and other related fields usually start out as planning assistants or coordinators. Advancement comes with experience and performance. It also helps for planners to be well acquainted with other players in the industry like hotels, travel accommodation service providers, and caterers.
After a few years of experience and exceptional performance, an assistant planner will be considered for promotion and be given bigger events to handle. In most cases, planners who have gained considerable planning skills after years of working in planning agencies start their own firms.
Some event planners come from various occupations such as marketing assistant, catering coordinator, and professional entertainer. People from such backgrounds are highly exposed to the trade and can easily learn the tricks of the business and the necessary tools. Usually, these professionals make their start in the industry by beginning with small events such as weddings or high school reunions.
Occupations closely related to the event planner profession are listed below:
The event planner profession is very demanding and can be exhausting. Assignments can start months before the day of the event and responsibilities such as applying for permits, setting up dates, and reserving venues can be quite stressful even for the most experienced event planner. If you are someone who thrives on challenging roles, excels in beating deadlines, and has a knack for logistics and working within a limited timeframe and budget, then the event planner occupation will probably suit you well.