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Market Size
Based on the 2006 annual reports submitted by NACCAS (National Accrediting Commission of Cosmetology Arts & Sciences) schools, 1.6 million people are employed in salons and spas nationwide.
Compensation
Nationwide, the average full-time salon/spa salary is $50,000.
Demand
Of the 182,331 positions that were filled last year, more than one quarter was with inexperienced workers. This data indicates growth in the industry is constrained by too few new qualified entrants to the profession. Demand for cosmetology services is estimated to expand at least at the same rate as the growth of the population.
It’s a job-seekers market. New hires are up nationally by 37%.
- NACCAS survey, “Job Demand in the Cosmetology Industry, 2007”
According to the Bureau of Labor and Statistics, skin care specialist and make-up artists are 2 of the “top 30 growing jobs” for the coming years.
Future Growth
US News & World Report had this to say in a recent article about best careers for a changing job landscape:
“Meanwhile, society has been telling high school students that college is the way, so there's an accelerating shortage of skilled people in jobs that don't require college. (Why else do you think you have to pay $100 an hour for a plumber?)
“The four non-college careers we added would be rewarding even to many college graduates, especially because college grads are likely to stand out against the competition. Those added careers are: biomedical equipment technician, firefighter, hairstylist/cosmetologist, and locksmith/security system technician.”
To read more click here
 Download future growth article (145 KB)
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