Personal trainers are one of the most sought after jobs in the workplace.
They have become the cornerstone of the career path for many people in the past couple of decades, and with the rise of digital marketing and digital media, their popularity has grown as well.
That means there are some serious salaries at stake when you decide to join a personal training company.
But what’s the deal with those personal trainers?
Here are seven reasons you should know what they’re actually paid, and how they compare to other jobs in your field.
The first question to ask is how many of the personal trainers you meet actually get paid.
This is because most are employed by companies that are either not paying them, or pay them less than minimum wage, according to the National Employment Law Project.
According to an article in Business Insider, a survey of the industry by the National Association of Personal Trainers (NAPTT) found that out of about 1,400 trainers surveyed, just under 80% were paid on average $22 an hour.
The average compensation of the top 10 trainers in the survey was $56,000.
The top trainers at the bottom of the pay scale earned $11,000 an hour, while the average trainer at the top earned just over $50,000, according the NAPTT survey.
A third of the trainers surveyed by NAPTFT reported having earned a salary within the last six months.
NAPFTT said that of the 10,000 trainers surveyed who reported earning salaries within the previous six months, nearly 3,400 were paid less than $20 an hour—which was roughly the same as the $22 hourly wage that the average worker at the personal trainer is earning.
While the NATT survey showed that the top trainers were paid $11.8 million, a report by the consulting firm McKinsey found that the median pay for personal trainers was $15.3 million.
The median compensation for personal training professionals at the lowest paid positions was $26,000—the lowest salary at which some trainers earned a living.
The average annual salary for the top 20% of trainers in NAPMT’s survey was nearly $80,000 (the highest paid trainers earned $83,000).
For the top 15% of earners, the median annual salary was nearly more than $100,000; the top 25% of personal trainers, the same pay as the top 5%, and the top 30% earned nearly $100 million.
The second question to consider is how much of your pay is covered by your employer.
The National Employment Council estimates that an average employee in the United States will earn about $11 an hour on average, but personal trainers can earn up to $45 an hour in some states.
NAPDT said personal trainers in most states have the opportunity to earn up a significant amount in overtime, which can total up to nearly $60,000 a year.
In Texas, the top earners earn an average of $67,000 per year.
The next highest earning trainers earn an additional $34,000 or so, according NAPDTFT.
The third question to weigh in is whether your personal trainer pays more in benefits.
The NATTFT report found that among the top earning trainers, about 75% received payouts in the form of overtime pay.
However, the bottom earners received just 11% of their compensation in overtime.
McKinsey’s research found that personal trainers also often receive more than 40% of compensation in the forms of a 401(k) or other retirement savings plan.
The fourth question to answer is how your personal trainers spend their money.
NATTT found that an overwhelming majority of trainers reported having less than half of their salaries in the bank.
The reason for this is because some trainers spend most of their money on equipment or training services, such as meals, flights, and clothing, according McKinsey.
While some trainers also use money to buy gifts, food, or other luxury items, the majority of personal training trainers use money for living expenses, which typically includes housing, travel, and childcare expenses, according for McKinsey data.
Personal trainers can also spend money on expenses like vacation, vacation home, travel insurance, or gift cards, according Fortune.
McKinseys data showed that almost all trainers said they paid more in vacation, travel and gift cards than they received in compensation.
Some trainers say that if you are looking to get out of the paycheck grind, you should consider getting a full-time job, rather than a part-time one.
A recent survey from Salary.com found that 40% said they would be happy to do more than they are currently doing.
For most, this is a good sign.
According a survey by the NAMM Personal Trainer Association, half of all trainers surveyed said they are willing to work part- or full-day for pay, while 36% said it was an acceptable option.
The last question to look at is whether the personal training