Technical and Trade Schools NAICS 6115

        Technical and Trade Schools

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Industry Summary

The 7,600 technical and trade schools in the US offer vocational and technical training for a variety of subjects and trades, such as cosmetology, aviation, or heavy equipment operation. Companies typically prepare students for a particular type of job and often provide job-specific certification. Companies generate the majority of revenue through tuition and fees. Non-profit organizations may receive funding from contributions, gifts, and grants.

Dependence On Employment Rates

Demand for technical and trade school education is partially dependent on overall employment rates because workers often look to improve their skill set when unemployed.

Dependence On Government Funding

Technical and trade schools are highly dependent on student financial aid programs through federal (Title IV) and state programs.


Recent Developments

May 15, 2025 - Arkansas Lottery Revenue Made Available to Students Attending Technical, Trade Schools
  • Arkansas Scholarship Lottery funds could be available as soon as the fall 2025 semester to students attending the states vocational-technical schools and institutions. About 89% of Arkansas voters chose to approve a ballot initiative to expand funding availability beyond two- and four-year colleges in November 2024. Technical and trade schools in other states may benefit if similar ballot initiatives are passed. The amendment may be a response to increasing interest in vocational schools as an alternative to traditional colleges, with industries facing a shortage of skilled workers and prospective students forgoing universities. The total number of 18 to 24-year-olds enrolled in college decreased by 1.2 million from 2011 to 2022, according to the Pew Research Center.
  • Trade occupations tend to have fewer layoffs than other industries, according to data from the Bureau of Labor Statistics. Those in a high-paying profession like tech or business are four times more likely to experience a layoff than those in building, manufacturing, and similar jobs. Trade and vocational programs vary widely in cost. The average tuition at two-year institutions ranges from $4,000 per year at public institutions to $19,500 at private ones, according to The National Center for Education Statistics.
  • Hiring rates for workers in their 20s for roles that tend to require a bachelor’s degree decreased from 2019 to 2024 while hiring rates for roles requiring a vocational or associate’s degree increased, according to data from national payroll processing company ADP. “The promise of quicker entry into the workforce, lower educational costs and the ability to earn higher wages earlier in their careers are compelling reasons for this trend,” said Bart Taylor, a professor at Texas A&M University who teaches curriculum development for career and technical education programs. Earnings growth rates for workers with vocational or associate’s degrees are on par with those of bachelor’s degree recipients, according to the Atlanta Federal Reserve’s Wage Growth Tracker.
  • Technical and trade school revenue increased 2.4% year over year but decreased 5.6% quarter over quarter in Q4 2024, according to the US Census Bureau. Technical and trade school industry employment has rebounded following a steep, pandemic-driven drop in 2020 and exceeds pre-pandemic levels in early 2025, according to the US Bureau of Labor Statistics. Technical and trade school revenue is forecast to increase at a 4.52% compounded annual rate from 2025 to 2029, faster than the growth of the overall economy, according to Inforum and the Interindustry Economic Research Fund, Inc. Institutions generate the majority of revenue by charging tuition and fees for technical and trade educational programs. Schools may also receive contributions, gifts, or grants from public or private sources.

Industry Revenue

Technical and Trade Schools


Industry Structure

Industry size & Structure

The average technical and trade school operates out of a single location, employs 17 workers, and generates $2 million annually.

    • The technical and trade school industry consists of about 7,600 firms that employ 129,200 workers and generate $15.6 billion annually.
    • The industry includes technical and trade schools, cosmetology and barber schools, flight training schools, and apprentice training.
    • Cosmetology and barber schools account for 19% of firms and about 12% of industry revenue. Flight training schools account for 12% of firms and 25% of industry revenue. Apprenticeship training programs account about 16% of firms and 13% of revenue. A variety of trade and technical schools account for the remaining 53% of firms and 50% of revenue.
    • The overall industry is somewhat concentrated; the top 50 companies account for 38% of industry revenue. The flight training school sector is concentrated; the top 50 companies account for 83% of revenue.
    • Large companies include Lincoln Education Services, Fortis College, and Universal Technical Institute.

                                  Industry Forecast

                                  Industry Forecast
                                  Technical and Trade Schools Industry Growth
                                  Source: Vertical IQ and Inforum

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