Payback of Barbering versus University

Barbering is quite unique since you can complete training very quickly and earn a salary near that of a university graduate. And you will no doubt enjoy it more than an office job!

As a barber, you can expect:

  • 3 months’ break-even point: A barber on average earns a monthly salary of £1,500 versus a training cost of £4,000.
  • Training takes about 2 months.
  • Good job security: Hair needs to be cut in all economic stages.
  • Prospects to run your own barbershop within 5 years’ time.
  • Earnings calculated at £18,000 per year or £1,500 per month on average as a barber salary in London (50 weeks x 6 days per week x £60 per day including tips). This does mean you’ll probably work one extra day per week on weekends.

A university graduate on average can expect:

  • 20 months’ break-even point: The average university graduate earns a monthly salary of £1,800 versus tuition of £36,000 for four years of study.
  • Training to take 4 years time.
  • Uncertainty if your specific degree will be relevant to the job that you are applying for.
  • More limited job security: A recession can lead to your job being terminated and difficulties ensuring you have the required skills for the next job.
  • Prospects to run your own business will depend on your specific skill.
  • Earnings of £21,700 per year found here — http://www.thecompleteuniversityguide.co.uk/careers/what-do-graduates-do/what-do-graduates-earn/
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