Music Management degrees are the typical qualifications for music producers and for others who want to work in the industry. Typically, these programs are offered at either the undergraduate or (more commonly) the graduate level, and involve classes both theoretical, from music law and the history of certain bands and individual artists, to the practical, including coursework in areas such as accounting. Schools that offer degrees in Music Management include Columbia College Chicago, Berklee College of Music and Belmont University.
Often combined with a degree in Music Management, Music Merchandizing programs have more of a focus on promotion and sales (how to sell records, how to promote artists and how to avoid legal problems with copyright). These degrees are usually offered at the graduate level.
Schools that do not offer Music Management or Music Merchandizing degrees, particular at the undergraduate level, may offer separate programs in both Business and Music. This combination of majors helps to demonstrate to future graduate schools and employers that you have some knowledge both of the business world and as an artist yourself. Some schools, such as American University, offer official options that allow students to take courses from both departments, combining them into one multidisciplinary major.
Alternately, Media Communication and other related fields are a good way to pursue a later career as a music producer. A Media Communication degree will help teach you how to promote a band or artist.