Saturday 14 September 2013

ROI for Massage Therapy Students

This is a very interesting question. Lot of people want to know what is the return on investment for Massage therapy students.

The schools dont tell you and the CMTO wont tell you.

So we had some business experts crunch some numbers.

While everyone's situation is different we wanted to know the average ROI for students who study the Massage Therapy program in Toronto.

While calculating the ROI we took certain facts and used them in our calculation. For some people these facts might be different though these were the facts we took into consideration when calculating the ROI for Massage Therapy Students.

1)The School cost was around 20K.

2)The Average massage Therapist practices for only 5 years.

3)It takes about 18 months of studying without taking any breaks for summer at most schools and the program is roughly equivalent to an associate degree in terms of time required.

4)You are not working while you are studying.

5) the average massage therapist makes 36K a year

6) we also took into consideration that for those 18 months you would lose about 35K in income because you were studying. This is a relatively conservative measure of income most people might lose even more though we took a conservative measure here.

Some schools are cheaper and some programs are shorter though this is a rough approximate.

Guess what our business experts found.

The average return on investment for a massage therapy student is negative. Yes negative.

You are better off working in your current job and investing in mutual funds or bonds. From a financial point of view you are better off investing in pretty much most things than investing in an education in massage therapy.

Of course everyone situation is different though this gives you a rough idea what kind of ROI to expect from massage therapy.



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