Posts Tagged ‘acupuncture mortgage’

So how much do acupuncturists earn?


Full disclaimer:  I am not an acupuncturist.  Rather, I am a drop out of Pacific College of Oriental Medicine’s NY campus acupuncture program.  I can only comment on what I’ve observed in the 2 years that I’ve studied.

So, you’re thinking about signing up for the Acupuncture program at Pacific College.  How much will you make?  You’ve sat through the orientations and when the question is brought up, vague reassurances are issued — mainly that acupuncture is a growing field and that the salaries are hard to track because there aren’t enough numbers. I’ve found the following blogs on the dollars and ‘sense’ of acupuncture to be very helpful — it’s written by a licensed acupuncturist, Shauna McCuaig:

https://www.communityacupuncturenetwork.org/blog/guest-blog-dollars-and-sense-information-prospective-acupuncture-and-oriental-medicine-students

http://www.communityacupuncturenetwork.org/blog/dont-go-acupuncture-school

I’m a cynical New Yorker and Shauna McCuaig’s blog sounds pretty realistic to me.  What’s even more realistic is the lack of paid opportunities available through the Career Services department of PCOM NY (Pacific College of Oriental Medicine, NY campus).

The career services department is run by Cynthia Neipris.  I’ve heard conflicting opinions on her.  Some people suspect Cynthia sits on her duff all day and has little interest in posting more jobs or helping students find positions.  Others had positive things to say, claiming that she’s a very nice woman who works very hard and is helpful.

I say…SHOW ME THE MONEY (I’ve always wanted to say that).  Check out the job postings available at PCOM, ask the students to forward you e-mails Cynthia has sent out about open positions, internships, and opportunities.  Look at the salaries being offered (low to non-existent when mentioned) from the positions that are available through PCOM’s career services.  Either Cynthia really isn’t doing her job (because honestly, there are VERY few acupuncture, massage and herbalist positions posted) or Cynthia is out there hustling for all she’s worth every single day and coming away empty handed because there’s not much available.  Which is it?  Either answer is pretty damning for prospective students who are spending hard earned money for a degree with questionable job security.

One rebuttal people may make to this posting is that acupuncture is an entrepreneurial endeavor and that most graduates/students go into private practice.  To that I say:  this is NYC, where the cost of living is amongst the highest in the nation.  To make it here with the minimum (an unlimited metrocard, cell phone, food, utilities and a rented room), you need to earn at least $35K/year.  Do you have the confidence that you’ll have enough clients, charging $60-$80/session (that’s about 600 sessions/year) to make it in the first few years?

  • Cheap room share:  $800/month in the boros (there are cheaper rooms ranging from $500-$800 — I am putting up the higher figure b/c this would pretty much guarantee a legal bedroom w/a window and some degree of privacy).
  • Cell phone bill:  $50/month (average)
  • Metrocard:  $104
  • Utilities:  $50 for electric, $20 for gas, and $40 for internet = $90
  • Food:  Let’s say you eat cheap and get by on $10/day (this means $.99 menu or strictly cooking and packing lunch daily) = $300
  • Sundries:  Essentials for hygiene (soap, toothpaste, shampoo, detergent), laundry, etc = $50/month
  • Acupuncture malpractice insurance:  $50/month (averages $150/quarter but could be higher)
  • Total= roughly $1450/month just to get by (you must see at least one client/day on a 5 day work week)
Do you want to have some extras in your life?
  • Pay off student loans?  Estimate a monthly payment of $200 to service it w/the hopes of paying something towards the principle.
  • A social life?  Let’s say you spend $20 each weekend/month seeing friends — ~$80/month.
  • Desire to go on vacation once a year?  $800 (that’s a round trip plane ticket, if you’re lucky, plus a little extra for food and transportation) = $70/month in savings.
  • Is health insurance (roughly $400-$600/month) important to you?  Let’s go with the low end (or even HealthyNY, where the cheapest option is about $250/month) which is about $400
  • Total= roughly $750
You will need to earn $2200/month if you want to live a life with some enjoyment/security.  How did I estimate the $35K annual salary when 12 months x 2200=$26400?  Well, $35K after taxes is about $29,000.  Everyone needs a little extra cushion so I put in $2,600 per year towards a cheap office share (where your practice will be run), needles (cheap at about $5/box but adds up), sheets (again, laundry costs money), and office supplies.  Of course, if you can live off family, you have no worries and no major pressures.