If you’re creative and imaginative, a degree in art could be just what you’re looking for to express yourself. But the starving artist stereotype perpetuated across generations makes us think that career of an artist can hardly be a lucrative one, and to pursue creativity would mean accepting inevitability of being broke. Is it worth to follow your dreams and go for an art degree or are creativity and high salaries are mutually exclusive? Is that at all possible to determine the ROI of an MFA?
There are many ways to commercialize your artistic talent, from designing products to creating advertisements for corporations. The skills you gain during your art degree are likely to be highly valued and transferable to many sectors, including specialized art careers – the most obvious of which is of course that of a professional artist.
Popular options include such professions as graphic designer, illustrator, photographer, printmaker, Art therapist, Community arts worker, and Exhibition designer. Some artists also choose to continue developing their work alongside a relevant full- or part-time job, such as that of an art teacher/tutor.
A recent report from the Creative Industries Policies and Evidence Centre (PEC), UK, finds that, contrary to popular belief, having a creative arts degree gives your career a great start. The research explores the proportion of graduates of different majors in the so called “graduate jobs,” the term standing for jobs that “normally require knowledge and skills developed on a three-year university degree” from people in those occupations, needed “to enable them to perform the associated tasks competently.” The survey found that a higher proportion of creative graduates are in these roles six months after graduation than social sciences, history, geography, law, biology and psychology graduates. Moreover, three and a half years after graduation, the proportion of creative graduates in these occupations is still higher than the proportion of law, biology and psychology graduates.
The efficacy of creative higher education is reinforced by statistics – though creative graduates make up only 17 per cent of the graduate population, they represent 46 per cent of graduates working in creative industries. This figure is even higher in certain subsectors – e.g., 82 per cent in architecture businesses have a creative degree. This overrepresentation of arts graduates in the creative industries shows how much the sector relies on the skills and knowledge that comes with the creative degree.
But does creative education pay off?
A survey, from the financial services company Bankrate, which is based on data from the 2016 US Census Bureau American Community Survey obtained through the IPUMS-USA, University of Minnesota research program, names fine art the least valuable major of 162 degrees in the US colleges. The most common professions for such graduates, according to the survey, are art teachers, music contractors, craft artists, and illustrators. The unemployment rate for graduates of fine art disciplines is a staggering 9.1 per cent, while those who do get a job, receive a lower annual income of $40,855 on average.
Compensation statistics from the U.S. Bureau of Labor Statistics (BLS) reveal that many US. art professionals earn less than $60,000 per year. As of May 2019, the median annual salary was $48,760 for craft and fine artists; $56,040 for interior designers; and $52,110 for graphic designers, which demonstrates that salaries of those working in art and design are relatively modest.
But is it really that grim?
According to the BLS report, art degree recipients at certain roles, such as art directors, multimedia artists and animators, architects, and fashion designers can earn salaries that are well above that of the average job, reaching as much as $75-90,000 per year. BLS statistics reveal that the median annual salary among art directors – the visual artists who create images in publications, product packages, movies and TV shows such as brand logos – was $94,220 as of 2019, nearly $55,000 higher than the median salary within all occupations.
There are also curatorial positions for those who dream of working at art galleries and museums. According to the Association of Art Museum Directors 2019 Salary Survey, compensation for curatorial roles in US varies widely depending on hierarchy. The median salary for a curatorial assistant is about $42,000. There are many rungs on the curatorial career ladder, and each step up typically results in a pay increase, starting from $42,000 for a curatorial assistant and reaching $128,365 for a chief curator or director of curatorial affairs.
While arts graduates may not earn as much in the early stages of their career, this does rise significantly within five years. Art school alumni who created their own companies are convinced that artists with an entrepreneurial spirit can sometimes earn a lot of money.
It is remarkable that all the studies quoted here have attempted to quantify the economic value of higher education in creative subjects. They focus on graduate earnings and find that arts-based subjects return the lowest salaries. But how does that correlate with the extraordinary growth of the creative industries over the last 10 years?
Using earnings as a metric for value would be misleading as far as creative graduates are concerned, for they have very different motivation profiles and are also more likely than their peers to be self-employed, operate as freelancers or run their own businesses than non-creative graduates.
Although graduates in employment often tend to report higher salary figures than those working for themselves, the number of the latter is high across all creative disciplines. The highest figure of all (9.7% in self-employment) refers to respondents from performing arts, but even the lowest one (design studies at 3.5%) is higher than the general graduate population, where the figure is as low as 1.1%. Moreover, even those in employment are more likely to be on a fixed employment contract of less than 12-months (7.4%) than the average (4.5%). Again, these figures prove the popular belief that creative graduates are more entrepreneurial and ready to create their own opportunities in industry.
While the PEC report reveals that three and a half year after graduation, the majority of creative graduates are working in some kind of a creative role, according to the What do graduates do? survey in the UK, only one third of creative arts graduates are working in arts, design and media professions – i.e. in creative industries (of all the subjects, only design graduates are most likely to stay in the sector, with 41.1% finding employment in the areas related to their degree). This means that art graduates may choose creative jobs outside of the creative industries, applying for mainstream graduate jobs in a wide variety of industries, such as marketing or public relations, as well as in a range of key economic sectors.
The recent COVID-19 crisis that hit the creative sector twice as hard as the wider economy in 2020 has demonstrated that creative graduates use their versatility to find employment in alternative industries. This has nothing to do with a failure of artistic talent or lack of commitment to artistic principles. On the contrary, it proves that transferable skills developed in creative higher education are valued and can be meaningfully applied to other sectors, providing a great start to any career.
Creative talents, accompanied by enterprising nature and ability to self-promote, can greatly benefit arts graduates, putting them in a position of strength at a situation when they have to deal with labour market uncertainty. Notwithstanding the fact that labour market is expected to contract considerably in creative sectors, the set of skills that comes with a creative degree may prove to be key attributes for being successful in a vast variety of key economic sectors. One should not forget that according to the WEF Future of Jobs report 2016, ‘creativity’ will become one of the top three skills workers will need to thrive in the Fourth Industrial Revolution with its disruptive new technologies and new ways of working.
It is true that lucrative careers are not the norm in creative industries, and potential arts students who are primarily interested in money should think twice about pursuing an art degree. However, this path can be rich in significance and meaning, it can bring you the joy of being a self-motivated, curious, and creative person that is going to easily navigate the future world of work opportunities.