Although the Beauty Industry is a billion-dollar industry, where does the successful graduate fit into the picture? For the entry-level professional, there are many variables that will affect how much can be earned. One thing is certain – the longer a person stays in the profession, the more clientele they build and the greater the potential for earnings.
Compensation at the entry level can be commission, hourly wage or a combination of the two. Later, professionals may choose to become independent contractors and lease their stations. It is not unreasonable to expect that with hard work and dedication after a few years, anywhere from $2,000 to $6,000 per month is not unrealistic. Again, there are many variables to consider: The market, the salon, hours worked, compensation structure, retail, tips, etc.
One thing is unanimous however and it has fed the retail business for years. The driving force of our economy and the baby boomers are coming of the age where more of their earnings will go to beauty and looking young. The future for the professionals who will take care of these needs has never looked brighter.
The Bureau of Labor Statistics’ Occupational Employment Statistics program conducts surveys producing estimates of employment and wages for specific occupations, covering full-time and part-time wage and salary workers in non-farm industries. Data from self-employed people are not collected and are not included in the survey.
The most recent survey conducted in May 2010 provides national estimates of median annual wages for the occupations in which Mims Classic Beauty College prepares its students.
- 50% of hairdressers, hairstylists and cosmetologists earn at least $22,760 annually
- 50% of nail care specialists earn at least $19,650 annually
- 50% of instructors earn at least $48,210 annually