How to Be Athletic Business Manager - Job Description, Skills, and Interview Questions

Apr 22, 2021 / 5 Minutes Read / By Albert

How to Become

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The growth of athletic programs and the recruitment of talented athletes can lead to an increase in revenue for a business manager. As more people become aware of the program's accomplishments, they are more likely to attend games, purchase merchandise and donate money to support the team. Furthermore, when teams win championships or have successful seasons, they can generate even more revenue with television coverage, ticket sales, and advertising.

This increased revenue can lead to more money for the business manager to invest in better facilities, better coaching staffs, or other equipment to help improve the team's performance. the success of a team's athletic program will result in a positive impact on the bottom line for a business manager.

Steps How to Become

Earn a Bachelor's Degree. A bachelor's degree in business, sports management, marketing, or a related field is typically required to become an athletic business manager. Coursework should include finance, economics, public relations, advertising, and sports management.
Gain Relevant Work Experience. Employers often prefer individuals with some relevant experience in the athletic business field. Individuals may be able to gain experience through internships or part-time jobs at sports organizations, such as universities, professional teams, or sports marketing firms.
Earn Professional Credentials. Professional credentials may be beneficial for those seeking career advancement and may also be required by some employers. The National Board of Certification for Athletic Business Managers offers certification for those who have a bachelor's degree and at least two years of work experience.
Develop a Network. Developing a network of contacts within the athletic business industry can be beneficial. This may include joining professional organizations, attending conferences, and staying up to date with industry news.
Pursue an Advanced Degree. A master's degree in business administration or a related field may be beneficial for those seeking career advancement. Coursework should include leadership, finance, and marketing.

As an Athletic Business Manager, it is essential to stay updated and competent in order to be successful. To do this, one must stay informed of the latest trends and changes in the industry, including the rules and regulations, technology, and marketing. It is important to invest in proper training and certifications to demonstrate knowledge and understanding of the business.

networking with other professionals in the field is a great way to stay abreast of the latest developments and discover potential opportunities. Furthermore, staying organized and investing in time management are key components to improving efficiency and productivity. By taking these steps, an Athletic Business Manager can remain prepared and capable.

You may want to check Athletic Sales Representative, Athletic Equipment Technician, and Athletic Director for alternative.

Job Description

Prepare and manage athletic budgets;
Develop and implement strategies for fundraising and sponsorship;
Monitor and report on financial performance;
Negotiate contracts with vendors and suppliers;
Supervise and coordinate administrative staff;
Hire, train, and evaluate staff;
Maintain relationships with donors, sponsors, and other stakeholders;
Develop and implement policies for the department;
Design, develop, and oversee marketing campaigns;
Oversee event management and logistics;
Coordinate with other departments to ensure compliance with policies;
Generate financial reports and analyze data;
Provide guidance to coaches, athletes, and support staff.

Skills and Competencies to Have

Business acumen
Financial management and budgeting
Strategic planning
Organizational development
Human resources management
Sales and marketing
Public relations and communication
Event planning and coordination
Negotiation and contract management
Risk management
Knowledge of sports rules and regulations
Knowledge of athletic and sports equipment
Understanding of sports industry trends
Facility management
Leadership and team building
Problem solving and conflict resolution

Athletic Business Managers must possess a wide range of skills in order to ensure the successful operation of their organization. Chief among these is the ability to effectively manage finances. Without the proper financial management, the entire organization can suffer.

Athletic Business Managers must be able to accurately and effectively develop and control budgets, monitor revenues and expenses, and ensure that all financial records are up to date and accurate. they must also be able to develop and maintain effective relationships with outside entities such as vendors and sponsors, as well as effectively communicate financial information to internal stakeholders. Finally, they must be able to develop and manage marketing strategies and create effective business plans to ensure long term success.

All of these skills are essential for the success of an Athletic Business Manager, and will ultimately determine their success in the industry.

Athletic Public Relations Manager, Athletic Coach, and Athletic Event Manager are related jobs you may like.

Frequent Interview Questions

What experience do you have in business management within the athletic industry?
How would you manage financial resources and budgeting for an athletic department?
What strategies would you use to maximize efficiency and productivity within the athletic department?
What methods would you use to ensure compliance with applicable laws and regulations?
How would you handle conflicts between different stakeholders in the athletic department?
What experience do you have in developing and implementing policies and procedures for the athletic department?
How would you utilize data and analytics to improve operations and decision-making in the athletic department?
What strategies would you use to ensure that the athletic department meets its goals and objectives?
How would you build relationships with local businesses and organizations to benefit the athletic department?
How do you stay up to date on industry trends and best practices within the athletic industry?

Common Tools in Industry

Accounting Software. Software that helps managers keep track of the financial data of their organization. (eg: Quickbooks)
Customer Relationship Management (CRM) Software. Software that helps managers keep track of customer interactions and relationships. (eg: Salesforce)
Human Resources Management System (HRMS). Software that helps managers keep track of employee information and performance. (eg: BambooHR)
Project Management Software. Software that helps managers plan, track, and manage projects. (eg: Trello)
Budgeting Software. Software that helps managers track and manage their organizations budget. (eg: YNAB)
Analytics and Reporting Software. Software that helps managers analyze data and report on performance. (eg: Tableau)
Event Management Software. Software that helps managers plan, organize, and manage events. (eg: Eventbrite)
Payroll Software. Software that helps managers handle payroll processes for their employees. (eg: Gusto)

Professional Organizations to Know

National Athletic Trainers Association
American College of Sports Medicine
National Strength and Conditioning Association
National Sporting Goods Association
International Health Racquet and Sportsclub Association
National Intramural-Recreational Sports Association
United States Olympic Committee
International Federation of Sports Medicine
American Orthopaedic Society for Sports Medicine
Womens Sports Foundation

We also have Athletic Medical Staff Member, Athletic Scout, and Athletic Program Director jobs reports.

Common Important Terms

Athletic Department. An organization within a school or college which manages and administers athletic programs, including sports teams, coaches, and events.
Budgeting. The process of creating and managing a budget in order to maximize the use of resources and minimize costs.
Financial Planning. The process of creating a plan for the future based on current and projected financial goals.
Fundraising. The process of collecting funds for a particular cause or project.
Sponsorship. An arrangement in which a company or organization provides financial or in-kind support for an event, program, or organization in exchange for recognition or exposure.
Marketing. The process of promoting a product, service, or organization through activities such as advertising, public relations, and event management.
Event Management. The process of planning, organizing, and executing an event from beginning to end.
Risk Management. The process of identifying, analyzing, and responding to potential risks in order to minimize their impact on the organization.

Frequently Asked Questions

What does a Athletic Business Manager do?

An Athletic Business Manager is responsible for managing the financial, administrative and operational aspects of an athletic program, including budgeting, fundraising, marketing and compliance.

What qualifications are needed to be an Athletic Business Manager?

To be an Athletic Business Manager, one must typically have a bachelor's degree in business or a related field, as well as experience in sports management or administration. Additional qualifications may include knowledge of NCAA regulations, strong organizational skills and the ability to multitask.

What type of salary can an Athletic Business Manager expect to earn?

Salaries for Athletic Business Managers vary depending on the size of the organization and the level of experience. According to PayScale, the median salary is $51,151 per year.

What is the job outlook for Athletic Business Manager?

The job outlook for Athletic Business Managers is positive, with an expected growth rate of 6% over the next decade.

What is the most important skill for an Athletic Business Manager?

The most important skill for an Athletic Business Manager is the ability to develop and manage budgets. This requires knowledge of financial principles and a strong understanding of the organization's financial goals. Other important skills include excellent communication, problem-solving and interpersonal skills.

Web Resources

Athletics Business Office // University of Notre Dame athleticsbusinessoffice.nd.edu
How to Become an Athletic Director | Maryville Online online.maryville.edu
Sports Management - Athletic Administration - Tiffin University www.tiffin.edu