Careers in Beauty are Heating Up!
Posted on March 10, 2017 by Oozle Media
For years, the news has been riddled with stories of a sluggish economy and declining employment rate. I am sure you have seen them, and while the numbers can be discouraging, there are careers and industries that have been seeing just the opposite.
Cosmetology and hairdressing are some of these careers. In fact, it has seen a 13% growth rate yearly, as opposed to the national average of 11%!
Want more proof of the insane growth of the cosmetology industry? Here are 7 amazing facts that might send your head spinning.
- In 2015 the [beauty] industry generated $56.2 billion in the United States. Hair care is the largest segment with 86% of revenue.
According to recent industry reports hair care and hair dresser revenue has taken the top spot in the cosmetology world.
- Skin care is growing fast. It is expected to have revenue of almost $11 billion by 2018.
Not to be outdone, skin care is catching up to the hair industry with a vengeance, according to the same industry report.
- Hairdressers employment growth rate is 13%, compared to the national average of 11%
In 2012 611,200 hairdressers, barbers, and cosmetologists were employed in the United States, a number that was up to 656,000 in 2014.Still not impressed? The industry is expected to grow to 688,700 jobs by 2024. That’s a lot of new positions opening!
- There are currently 41,400 hairdressers in California, as of 2014, according to Toni&Guy
But that number is up, as the BLS reports, California has now taken the top spot for most employed cosmetologists.
- California has one of the lowest quotient per capita of hairdressers – so there is definitely room to grow.
Don’t think that just because they have the most that California doesn’t have any openings. With only one cosmetologist per 4,000 people according to the BLS
- The Average pay for a cosmetologists is 23k/year, and that doesn’t include tips.
According to the BLS and this industry report the average wage for a hair professional can vary between 21,000-47,000 anually. (Still not including tips.) Even better, California rates high among these, with the average falling between 25,000 and 40,000
- Cosmetology has one of the highest pay to education ratio of the service professions.
With an average program length of 13 months, and a program cost averaging $13,715. Cosmetology has one of the highest income ratios against schooling costs of all the service professions, making it one of the best investments you can make toward a career.
The facts are as bright as the writing on the wall, cosmetology is growing faster than many other industries as of this posting.
If you want to be a part of this highly desirable and growing industry we have programs that can help you get there! Contact us today to get started!