Analysis
Empire Beauty School-Malden's cosmetology program delivers below-average earnings but with exceptionally manageable debt, creating a mixed value proposition. Graduates earn $15,679 in their first year—about $1,400 less than the Massachusetts median and $1,500 below the national average. However, the program's debt load of $13,583 is actually reasonable compared to many cosmetology schools, ranking in just the 16th percentile nationally for debt burden.
The debt-to-earnings ratio of 0.87 means students can theoretically pay off their loans with less than one year's salary, which is quite favorable for a trade program. More encouraging is the 30% earnings growth trajectory, with graduates reaching $20,441 by year four—essentially matching state and national benchmarks as they gain experience. Among Massachusetts cosmetology programs, this ranks in the 40th percentile, meaning it's middle-of-the-pack within the state.
The reality is that several Massachusetts competitors offer significantly better starting salaries, with top programs like Catherine Hinds Institute producing graduates earning $10,000+ more annually. For families prioritizing lower debt over higher initial earnings, Empire Beauty-Malden offers a path into the beauty industry without crushing financial burden. However, if your child is committed to cosmetology, exploring higher-performing in-state options could provide better long-term financial outcomes despite potentially higher upfront costs.
Where Empire Beauty School-Malden Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
Earnings Distribution
How Empire Beauty School-Malden graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Empire Beauty School-Malden | $15,679 | $20,441 | +30% |
| COLLECTIV Academy-Worcester | $20,720 | $26,886 | +30% |
| New England Hair Academy | $17,390 | $26,294 | +51% |
| EINE Inc | $20,496 | $26,067 | +27% |
| Catherine Hinds Institute of Esthetics | $26,234 | $24,607 | -6% |
Compare to Similar Programs in Massachusetts
Cosmetology certificate's programs at peer institutions in Massachusetts (22 total in state)
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| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $15,679 | $20,441 | $13,583 | 0.87 | |
| $26,234 | $24,607 | $7,667 | 0.29 | |
| $21,124 | $23,325 | $7,117 | 0.34 | |
| $21,124 | $23,325 | $7,117 | 0.34 | |
| $20,720 | $26,886 | $10,667 | 0.51 | |
| $20,496 | $26,067 | $8,833 | 0.43 | |
| National Median | $17,113 | — | $9,862 | 0.58 |
Career Paths
Occupations commonly associated with cosmetology graduates
Skincare Specialists
Barbers
Hairdressers, Hairstylists, and Cosmetologists
Manicurists and Pedicurists
Personal Service Managers, All Other
Fitness and Wellness Coordinators
Spa Managers
First-Line Supervisors of Personal Service Workers
Makeup Artists, Theatrical and Performance
Shampooers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Empire Beauty School-Malden, approximately 43% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 828 graduates with reported earnings and 1007 graduates with debt data. Small samples may not be representative.