Posts Tagged ‘earnings’

A doctoral program in acupuncture?!


Yours truly recently read an article on PCOM’s website, titled:  Pacific College’s Doctoral Program gets Glowing Reviews in First Semester (link:  https://www.pacificcollege.edu/acupuncture-massage-news/articles/591-pacific-colleges-doctoral-program-gets-glowing-reviews-in-first-semester.html).  A doctoral program in acupuncture? ? ?  I’ve never even heard of such a thing in China, where acupuncture originated.  This must be something incredible, amazing and wonderful all rolled into one!  I’m going to put on my thinking cap and go over this with you.  Maybe it’s worth $32,000 of additional [worthless] debt.

Ok, so the article starts off with praise on how excited students are about the program and how skilled and versatile they are.  Then they interview Greg Sperber, MSTOM PCOM ’97, who is one of the first students in the program.

Greg who?

Greg Sperber, you know, the former president of California State Oriental Medicine Association (CSOMA).

Why should I know him?

Oh, there was an article about his lame response to very serious allegations of financial improprieties way back when in Acupuncture Today:  http://www.acupuncturetoday.com/CSOMA/

What makes you say his response was lame?

Check out the letter he wrote:  http://www.acupuncturetoday.com/CSOMA/CSOMA_ATQuestions_060623.pdf

Getting back to the topic at hand…

Ok, ok.  So, Greg Sperber says that the MSTOM doctoral holders will have more clout with the FDA.

HAHHAHHAHAHAHAHAHAHAH!

Maybe Robin Tiberi, PCOM ’95, is a more credible interviewee.   According to her, she feels like she can communicate with anyone about Chinese medicine.

Robin needs to pay $32K for a doctorate degree on top of her Masters before she feels confident enough to speak about Chinese medicine?  This is a really sad woman.

Jack Miller, the President of Pacific College is also interviewed.

Well, honestly, what’s he going to say other than rub his hands together that PCOM will be earning MORE money from these suckers and charlatans?  It would have been more credible to interview people from the FDA to confirm/deny Greg Sperber’s hyperbolic statements.

After reading the article, there’s not a lot of critical thinking that goes into introducing the doctoral program.  What did these people really learn for $32K?  How much did it improve their income?  Do patients really lean towards doctoral degree holders vs. regular acupuncturists?

Student Loan Debt and a Lifetime of Poverty


Can you imagine being 24 years old and owing $70K?  That’s what Chelsea Grove owes for her aborted education at Bowling Green State University.  Please read the NY Times article (http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?_r=1&pagewanted=all) and see how people need to live in order to pay their student loan debts.  Now imagine doing it at 28…or 34…or 45…and then imagine living that way for 10 years or longer.  Then imagine that once you’re free from student debt, you’re pretty much starting from scratch…at age 38…or 44…or 55…when your peers have passed this point and are so much ahead of you.  Is this a reality that’s appealing to you?

As unfortunate as this scenario is, it’s a very likely future for Pacific College of Oriental Medicine (PCOM) students.  If you’re set on pursuing this dead end future, ask the hard questions:  what job postings are available for acupuncturists?  how many postings for paid internships are there?  What’s the backup plan if I can’t make a decent salary as an acupuncturist?  How will I fund my retirement?  Read the POCA acupuncture community forums and see what they say about jobs, salaries and the profession (https://www.pocacoop.com/).

http://www.nytimes.com/2012/05/13/business/student-loans-weighing-down-a-generation-with-heavy-debt.html?_r=1&pagewanted=all

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.