Analysis
SPBK Enterprises' cosmetology program sits in an uncomfortable middle ground—performing well above the national average but falling short of what's typical in Missouri's competitive beauty school market. First-year earnings of $18,699 land in the 64th percentile nationally but just the 40th percentile statewide, meaning graduates earn about $2,200 less than the Missouri median. This gap matters in a field where most students stay local and compete directly with graduates from stronger in-state programs.
The good news is trajectory. Earnings climb 26% by year four, reaching $23,555—respectable growth that suggests graduates build clientele and skills over time. The debt load of $9,701 is manageable at just over half of first-year earnings, and 45% of students receive Pell grants, indicating the program serves working-class families who need affordable entry into the profession.
For Missouri families, this creates a real dilemma. Your child could attend this program and earn decent money relative to cosmetology programs nationwide, but they'd likely trail peers from schools like Summit Salon Academy Kansas City or even nearby Warrensburg by $5,000-9,000 annually. If staying in Missouri is the plan—and for most cosmetology graduates, it is—investigate why this program lags its state peers. The answer likely lies in placement networks, advanced training offerings, or regional salon relationships that better programs have cultivated.
Where SPBK Enterprises Inc Stands
Earnings vs. debt across all cosmetology certificate's programs nationally
Earnings Distribution
How SPBK Enterprises Inc 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 |
|---|---|---|---|
| SPBK Enterprises Inc | $18,699 | $23,555 | +26% |
| The Salon Professional Academy-St Charles | $23,204 | $26,884 | +16% |
| Paul Mitchell the School-St Louis | $22,147 | $26,691 | +21% |
| Summit Salon Academy Kansas City | $27,878 | $23,669 | -15% |
| Grabber School of Hair Design | $22,626 | $22,087 | -2% |
Compare to Similar Programs in Missouri
Cosmetology certificate's programs at peer institutions in Missouri (26 total in state)
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| School | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|
| $18,699 | $23,555 | $9,701 | 0.52 | |
| $27,878 | $23,669 | $11,981 | 0.43 | |
| $23,749 | $19,522 | — | — | |
| $23,309 | $20,195 | $8,049 | 0.35 | |
| $23,204 | $26,884 | $9,833 | 0.42 | |
| $22,626 | $22,087 | $12,465 | 0.55 | |
| 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 SPBK Enterprises Inc, approximately 45% 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 66 graduates with reported earnings and 71 graduates with debt data. Small samples may not be representative.