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Meetings and Convention Planner

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AVG. SALARY

$43,890

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

Hotel:

  • 3 x 40 x 28 = $3,360

Food:

  • $835

Bus Tour:

  • 79 x 3 = $237

Entertainment:

  • Benny "Elvis" Diamond: $3,249.95
  • Sound System Rental: $250
  • Limousine Service: $70

Subtotal: $8,001.95

Now figure out the percentages:

0.25 x 3,249.95 = 812.49
0.10 x 70 = $7
0.12 x 250 = $30
0.05 x 3,360 = $168
0.05 x 835 = $41.75

Your total cut: $1,059.24

Add subtotal from above: $8,001.95

Grand total: $9,061.19

As a conference organizer, you need to understand money and budgets -- and that means math skills.

These days, conference organizers even use math to determine how well they're doing their jobs. They use a concept called return on investment. This relates to how much money a conference earns, compared with how much it cost to put on.

David DuBois is the president and CEO of the Professional Convention Management Association. He believes that math skills are essential to becoming a good businessman or businesswoman in any industry.

"I wouldn't be where I am today if I didn't have a good ability and understanding of the accounting functions," he says.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.