Degree Dividend
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American Musical and Dramatic Academy vs Empire Beauty School-Manhattan: which has better ROI?

Private nonprofit, New York NY · vs · Private for-profit, New York NY

The verdict

Neither clears its cost on institution-wide earnings, but Empire Beauty School-Manhattan comes closer — median earnings $24,022 against a $75,568 total, vs $26,975 at American Musical and Dramatic Academy. (Scorecard, 2026 · our math.)

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Head to head
MeasureAmerican Musical and Dramatic AcademyEmpire Beauty School-Manhattan
Net price / yr$41,416$18,892
Total net cost$165,664$75,568
Median earnings, 10 yrs$26,975$24,022
Median debt$15,250$10,667
Payback
20-year net return-$593,364-$562,328

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, American Musical and Dramatic Academy or Empire Beauty School-Manhattan?

Empire Beauty School-Manhattan, at $18,892 a year after aid versus $41,416 — a gap of $22,524 a year, or $90,096 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do American Musical and Dramatic Academy or Empire Beauty School-Manhattan graduates earn more?

American Musical and Dramatic Academy graduates report a median $26,975 ten years after entry, $2,953 more than the $24,022 at Empire Beauty School-Manhattan. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, American Musical and Dramatic Academy or Empire Beauty School-Manhattan?

Empire Beauty School-Manhattan: its completers carry a median $10,667 in federal loans versus $15,250 at American Musical and Dramatic Academy, a difference of $4,583. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

72% of students finish at American Musical and Dramatic Academy, against 51% at Empire Beauty School-Manhattan. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

American Musical and Dramatic Academy vs Empire Beauty School-Manhattan: frequently asked questions

Is American Musical and Dramatic Academy or Empire Beauty School-Manhattan a better value?
Empire Beauty School-Manhattan comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, American Musical and Dramatic Academy or Empire Beauty School-Manhattan?
Empire Beauty School-Manhattan: $18,892/yr net price after aid versus $41,416/yr at American Musical and Dramatic Academy — a difference of $22,524 a year, or about $90,096 over four years.
Do American Musical and Dramatic Academy or Empire Beauty School-Manhattan graduates earn more?
American Musical and Dramatic Academy graduates earn a median $26,975 ten years after entry, versus $24,022 at Empire Beauty School-Manhattan — a $2,953 gap. This blends every major, so a specific field can flip it.