The biggest learning curve for us was that we expected the business side of entertainment to be a safer route financially. But the reality of the business is eye-opening. We chuckle at the movement to raise minimum wage to $15/ hr, because most of the entertainment companies out there are paying far less to their highly educated employees. D puts in close to 10-12 hours a day at a tippy top talent agency as an assistant in the theatre department to a very well known agent. She is surrounded by other assistants who went to ivies and top tier privates–some of whom have law degrees. They are making far less than $15/ hour and many really do start by working in the mail room. She was able to start at an agent’s desk because she had put in some much time building her resume while attending NYU. (Of course this was done by taking un-paid internships during the school year and summers.)
My favorite was when she interned for free at a top top B’dway casting agency and was eventually “promoted” to apprentice and paid $100 per week. This was post graduation. After her 3 months of unpaid work and 2 months of $100/ week work, they offered her a renewal of her apprenticeship for the same $100/ week, but she refused it. She went on to work for a talent manager who made Meryl Streep in the Devil Wears Prada seem docile. She left for the assistant position she is currently in. Perks include dealing with a lot of celebs, learning the business by attending meetings and monitoring phone conversations of her boss the top talent agent. But salary is abysmal and is at the same level for most positions in entertainment. You are basically either an assistant or get promoted to agent (or executive. ) No middle level ladder to climb. But since the business is so small–there are very few opportunities for growth.
And the only people who can afford to take these positions and live in NYC are getting support from their parents.
Luckily D has experience in marketing and a degree from a good school, so that if she wants out of entertainment all together she can apply her experience to other fields down the road. So far she is sticking to it, but many of her friends (2 to 5 years post graduation) are going in different directions because they need/ want more money and cannot survive making $30 to $40K per year especially if their parents are withdrawing support and they are off their parents medical plans.