Executive Producer Salary
The average pay for an Executive Producer is $89,799 per year. A skill in Production Management is associated with high pay for this job. For the first five to ten years in this position, pay increases steeply, but any additional experience does not have a big effect on pay.
Job Description for Executive Producer
Executive producers are in charge of overseeing production activities and collaborating with content producers in their company. They are responsible for selecting content and coordinating with production and engineering teams to make sure all production activities are completed correctly and on time. They interact with other project staff and effectively communicate production issues with them to resolve these problems in a timely manner. They also research and analyze market data to suggest changes to the production processes, as well as take part in the budget creation, cost allocation, and hiring activities.Read More...
Other tasks performed by executive producers include approving content, selecting production talent, monitoring production needs, and measuring post-production feedback. They strive to develop strong business relationships with other producers and vendors, as well as actively participate in business meetings to measure production performance. Executive producers must be able to adapt to new production technologies and follow strict privacy regulations. They should have an advanced knowledge of trends and their competition, and executive producers need to be excellent negotiators and have knowledge of contract processes.
A bachelor's degree in media, journalism, or a related field is generally required for this position. Previous experience in production is needed as well. Executive producers must be organized individuals that can prioritize tasks and multitask on a variety of projects at the same time. They should be able to work in a fast-paced environment under strict deadlines, work well in a team setting with other producers, and perform effectively by themselves with minimal supervision
Executive Producer Tasks
- Supervise all aspects of a creative project such as movies, music, TV programs, games or online products.
- Responsible for the overall quality of the end product.
- Assess the market viability of project candidates.
- Supervise the life-cycle of the project from creative conception through production and release of the product.
- Supervise the finances of the project including the acquisition of financing and the development and oversight of a budget for the project.
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