Salaries for Business Event Managers Are Rising, Says New Survey
June 5, 2019
Does your salary reflect what you think you’re worth? If you’re like most trade show organizers, the answer is probably no (more on that below); yet the forecast for our industry in this area is looking at least partially sunny.
Nearly 75 percent of business events organizers received a raise over the past year, averaging a 7-percent increase, according to PCMA’s annual Salary Survey, released this week.
While that 7-percent increase is more than twice the average raise for North American workers across all industries, only half of the 550 respondents in PCMA’s survey reported satisfaction with their current salary.
Chalk it up to long hours (an average of 46 per week), high stress, lack of organizational recognition and limited flexibility (goodbye, weekends before and after your event) — the average salary of $82,769 isn’t cutting it for everyone.
That’s not to say that event organizers don’t love the business they’re in, however. Eighty percent of respondents said they were satisfied with the business events industry as a whole, and 69 percent said they were happy with their current jobs. While that’s a majority reporting satisfaction in their roles, it’s a lower rate than other workforce happiness studies (for example, a CNBC/Survey Monkey workshop happiness index published this spring found that 85 percent of all workers were satisfied with their jobs).
“I think the disparity has a lot to do with the high level of stress that comes with their jobs, and how few of their organizations’ leaders recognize the skills and expertise required to execute successful events,” said Michelle Russell, editor-in-chief of PCMA’s Convene magazine, where the Salary Survey was published.
Other notable findings from the survey:
- Having the CMP designation equates to a higher salary; respondents with one earned an average of $8,600 more a year than colleagues without
- Professional development support is getting better; 11 percent of respondents said employers have increased support for attending educational events in the past year
- As expected, greater experience equals greater pay; average salary for meeting professionals ranged from $52,986 for those with one to three years of experience versus $94,284 with 10 or more years
How does your own experience compare with the results of the Salary Survey? Share with us on Twitter, @TSNN_com_US.
Partner Voices
Dallas already boasts 35,000 hotel rooms, award-winning global cuisine, and a walkable downtown. But we are just getting started.
Visit Dallas is thrilled to announce that the city of Dallas is doubling down with a massive new convention center and entertainment district. Featuring 800,000 square feet of exhibit area, 260,000 square feet of meeting rooms, and 170,000 square feet of ballroom. The center will connect business travelers with dining and shopping options in the popular Cedars District means more places to get down to business, and even more ways to unwind.
“Dallas is already a great meetings and conventions destination, with the accessibility of two major airports, affordable labor, and an outstanding hotel product,” said D. Bradley Kent, Visit Dallas senior vice president and chief sales officer. “The new center and Convention Center District will enhance Dallas’ competitive position and are exactly what our customers’ need and have been asking for."
What’s New – AT&T Discovery District
Located in the heart of Downtown Dallas, this new district on the AT&T corporate campus is tailor-made for groups of all sizes. It boasts a multi-sensory experience, including outdoor event space, the AT&T Theater, and multiple dining outlets including JAXON Beer Garden and The Exchange, a bustling food hall.
Hotels Coming Soon
Names like the JW Marriott (Downtown), lnterContinental Dallas (Uptown), and Hotel Swexan (Uptown) are adding luxury amenities and bountiful event spaces. The projects will debut in 2023 and beyond.
JW Marriott
This new, 15-story, 283-room hotel will open in the heart of the city’s downtown Arts District this year. The property features a 25,000-square-foot grand ballroom, as well as a spa, restaurant, lobby bar, fitness center, and a rooftop pool deck and bar.
InterContinental Dallas
Located in Cityplace Tower in Uptown, InterContinental Dallas will feature sweeping panoramic views of the Dallas skyline. Guests will enjoy spacious, high-end rooms and amenities, including more than 21,000 square feet of event space.
Hotel Swexan
Hotel Swexan, a new, 22-story luxury property, is rising in Uptown’s Harwood District and will make its mark on the Dallas skyline. Opening this year, it is a sculptural building with cantilevered upper floors, as well as a 75-foot rooftop infinity-edge swimming pool and a hidden underground lounge.
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