Career in Sports Management

Career in Sports Management

So many people grow up wanting to be professional athletes. Though only a tiny fraction is able to realize that dream, that doesn’t mean it’s impossible to have a career in sports. There are myriad careers in sports management, allowing those of us without a 90-mph fastball or a 42-inch vertical leap to work around the games we love.

Sports management includes all aspects of business, from the administration of finances to facilities management to the business aspects of sports teams, leagues, and establishments. With the growing popularity of the professional league sports such as  BPL (Barclays Premier League) and what followed is the most successful and profitable league in India ($3 billion Indian Premier League) and it embarked the beginning of a new phase in Indian Sports Federation. After the recent success of ISL (Indian Soccer League), Indian Kabaddi League, Indian Tennis League, Indian Badminton League, Hero Hockey League and this has opened the opportunity for a new career path in the Sports Management.

Sports Management Careers Path

Bachelor degree in the similar field or in business with relevant work experience is acceptable for pursuing masters in sports management. Many in the industry hold advanced degrees, with MBAs among the most prevalent. Some of the best countries which offer these courses are the UK, USA, and Ireland

Sports Management Careers: Compatible Personality Traits

Enthusiasm for sports and recreation, excellent mathematical and accounting abilities, excellent interpersonal skills and the ability to work with a wide range of people, ability to multitask and keep track of multiple priorities at once, excellent written and oral communications skills

Sports Management Careers: Salary Expectations

Sports management salaries can vary to an incredible degree, depending on the position. The Bureau of Labor Statistics reports that the median salary for the field in 2010 was $92,250 annually. With many years of experience and solid networking, Sports manages can earn astronomical salaries in professional leagues–perhaps not quite as much as the stars of the team, but close, in some cases.

Job prospects for sports management should remain relatively steady for the next decade, though competition will be fierce. Candidates with strong academic backgrounds, a passion for the sport they seek to work in, and strong interpersonal skills will have a leg up.

Just 1L new jobs (0.5%) added in 8 key non-farm sectors.

Just over 1 lakh jobs were added between April 1 and October 1 last year in eight key non-farm sectors of the economy ranging from manufacturing and construction to IT BPO, education and health, according to a recent government report.

Considering that these eight sectors together employ over 2crore workers, the net addition of new jobs amounts to a mere half a per cent of the total. So, it's bad news for the economy and another red flag for the government.

The third quarterly employment report, which was revamped by the government last year with new sectors included and a larger sample size of over 10,000 establishments. The first report, released last year, set the baseline of employment as on April 2016.The report shows that employment is not only inching up at a painfully slow pace but also that aggregate figures hide more severe upheavals. For instance, almost three quarters of 1.09 lakh new jobs added are confined to two sectors -education and health, which added 82,000 new jobs. But the most worrying thing is manufacturing jobs grew by just 12,000 in six months -a rise of 0.1%. This sector, the backbone of the non-farm economy , employs nearly 50% of workers in the selected eight sectors.

It has been the focus of the `Make in India' and `Skill India' programmes, as also of efforts to woo FDI. The Index of Industrial Production (IIP), released monthly by the government, confirms this dire situation with a rise of a only 1% between January 2015 and January 2017.

According to latest data from the RBI, gross bank credit to industries increasing by a mere 0.3%. This includes credit disbursals to micro, small, medium and large industries and together makes up nearly 40% of all non-food credit.

The meagre increase in credit to industry is a symptom of the flagging growth in manufacturing, which is also reflected in lack of job growth.

National income and expenditure released by the government last month.
Growth in investment in fixed capital, known as gross fixed capital formation, dipped by a factor of 10 between 2015-16 and 2016-17, from 6.1% to a shocking 0.6% in 2016-17.

This implies that the corporate sector is not investing in new production arrangements.

In India lack of job growth in recent year. Opportunities are less and employee number are high.

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