Entertainment industry is growing by leaps and bounds. There are ample number of opportunities available in this field. If you are aspiring to become an executive producer, you must first have an in-depth knowledge on what exactly are the executive producer responsibilities.
Key Responsibilities of an Executive Producer
Executive producer is one of the most important positions, and he is responsible for completing the given project or projects within the given time and also the given budget. Executive producer responsibilities comprise overseeing the financial matters related to the project and to ensure that the money which has been invested is being used wisely. Superficially, the role of an executive producer may look glamorous, but a lot of hard work and efforts need to be put in by him to ensure its successful completion. Let us see in detail what are the key responsibilities that need to be handled by him:
In addition to these duties, he is also responsible for conducting meetings with the staff and directors to discuss the progress of the project. He acts as a mediator and tries to resolve problems which may be hindering the timely completion of the project. He makes sure that the production work is carried out within the given standards, rules, and regulations. He negotiates with the outside producers and distributors as well. He develops and implements marketing strategies once the production work has been completed. Lastly, he is one of the persons who develops and maintains good relationships with financiers, marketers, facilities, distributors, etc. Thus, in short, they need to hire the right people who complement and meet the job requirements, identify the right producers and financiers, and provide a final word on every aspect of the production.
Essential Skills
To be a successful executive producer, one must possess exceptional leadership skills and should be ready to take on all the responsibilities. He should have a deep interest and passion in media and should understand the requirements of the industry. He should have excellent communication skills, as he needs to deal with a diverse range of people. He should be able to prioritize production work, train the staff members, should be ready to work within a given budget and time limit, and should have good problem solving ability that would help in successful completion of the project. He should be comfortable to work under stressful work conditions and should have a multitasking ability.
Educational Background
A bachelor's degree is sufficient to make an entry in this field. However, an exposure to journalism, writing, acting, production work, etc., would prove to be an advantage. A degree in business administration or management would be of great help.
Work Hours
Most of the producers find jobs in radio and television industries, motion pictures, videos, and other related industries. They need to work under a lot of pressure, and there is no standard routine as such. They may need to work for long and odd hours. They may need to travel at times and their schedule varies according to the project requirements.
Salary Details
The minimum salary is in the range of $33,000, while the highest paid is close to $167,000. The average salary is in the range of $66,000 to $68,000. It also depends on the experience and other relevant factors.
Career Prospects
The career prospects are really bright, and there is no looking back for those individuals who are experienced and are passionate about their jobs. With more experience, you are sure to progress to higher posts and be a name of repute in the entertainment industry. Further, this will help you in getting more projects.
Thus, to survive in this world of competition, it is essential that you carry out the executive producer responsibilities efficiently and effectively.