Also called: Invention Licensing Agent, Idea Licensing Broker
Pitches independent inventors' ideas to toy, kitchen and tool companies and earns a share of the royalties if a company licenses them.
A teacher invented a clever folding lunchbox, and you decide which five companies might want it. You build the sell sheet, pitch on video calls and negotiate a 5% royalty deal. Most ideas never sell, so you choose carefully and keep good relationships with product scouts.
Mostly royalty and commission income, so pay swings a lot.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
Bachelor's degree (4-year), about 4 years after high school. Bachelor's in business, marketing or industrial design helps; industry contacts matter most.
Ways in: 4-year college, On-the-job training, Self-taught. Training cost: $15k – $60k.
Majors to look at: Marketing, Industrial Design, Business Administration.
Growing about average. Many companies now scout outside inventors through open-innovation programs.
Low risk in 5 years, medium in 10. AI makes renderings and pitch sheets fast; picking winners and relationships with product scouts stay human.
Classes: Business class, Art or design, Speech and Debate.
Official data: O*NET occupation 41-3091.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.