In the US a lot of professional accounting and legal firms use 1/3 of what you generate in revenue as a benchmark. For every $1 you are paid you should be generating $3 in revenue to cover your salary and overhead for the business to be profitable.
Studios are a little different but this might be a good benchmark to start from.
Frankly, an an American in a depressed economy I'd say - STAY HOME!!!!
Who is this studio?
I'll undercut you in a hot minute!
I was born in LA, and have lived in at least half a dozen countries...home is where I make it. Business isn't exactly booming in the rest of the world either. I might as well sit in the front row seat when the Amero is rolled out.
I just got my intern a job at the studio that I just designed and oversaw the construction of for the last year.. Got 40K and no benefits... that's pretty damn good for a fresh out of college grad in upstate NY... that said, he is going to have to perform, which he has already started doing and the facility won't even be online till the end of August.
In this economy that is what I consider great money for a starting position at a brand new facility.
Good luck with the job and don't be afraid to ask for what you think you are worth... like asking the hottest babe in the room to sleep with you, all they can say is "no"... but you never know, you might just get lucky!!!
I'm being offered a position managing a small but pretty high end recording studio in the US. Salary is one important issue that is yet to be discussed. What can or should I expect?
Jeremy Barnes? Doesn´t sound swedish.
From Sweden to the US of A? Wow, many people would give a lot for getting
an employment in Sweden. You must love that job!
I´d make use of the internet. Try to find out as much as you can about
the cost of living. I´m sure you can find prices for just everything (food,
a vehicle, housewares, apartment/utilities, clothes) you´ll need over there.
Maybe this will give you at least a basic impression of the area you´re going
to work and live in. Oh well, that´s what i´d do first. Probably you´re already
trough with that.
Anyway, hope this will work out for you somehow!
Last edited by opentune; 6th July 2009 at 12:11 PM..
I'm looking up and down statistics and apartment prices and maps right at the moment, so any thoughts further thoughts would be greatly appreciated. The picture I'm getting is still pretty vague.
Single bedroom apartments in that area seem to run from 700-1300 (and up), if that gives you an idea of the relative economy.
Basic accounting says that your housing should be approximately 25% of your salary. I don't know that I could do it on 35k personally, (that's approx 673/week, after taxes thats MAYBE 400 bucks..which puts your rent budget at risk), but you have to consider the whole package. Studio managing is not mastering & mixing, it's an entirely additional job.
Health benefits are extremely costly, both to the employee and the employer right now in the USA. Is any other person getting benefits from the studio? That's your benchmark. Answers might be far and wide: 1: No, no one is (so much for benefits); 2: Yes, the owner is (unlikely for you); 3: yes, the owner, the former manager and the lead engineer all did (you have a good chance).
So... without even looking at how much money the studio normally makes, what a studio manager should earn from just managing, I'd try to get closer to 40k as a starting point with *some* portion of health insurance, say, major medical; and larger percentages of the work you bring in, aggressively, lets say 25-30%, but that all depends on how much weight you carry and how much $$ you can bring with you. If your book is worth 100k a year, that's something. If it's 10k a year, that's another.
Ask the owner:
1) what is a studio manager job who does not add revenue worth to the company?
2) What would an engineer who brings revenue worth to the company?
3)What is the burden (cost of doing business) for new projects? ie, it costs the studio X % for every dollar earned to cover electricity, equipment leasing & maintenance, rent, etc. Take out the operating costs of each dollar you can generate.
Of the net profit that is remaining, how much should be yours, and how much should be the studios?
The key here is making it a win-win situation for both you and the studio owner.