How to Start a Career in Acting [My Story Making the Numbers Work]

Stephanie OConnell ActorSo you’re young and want to be an actor- or maybe you’re kicking yourself for never having pursued “the dream”. Let’s talk about how to start a career in acting. For real.

As a professional actor myself, let me offer my advice…”DON’T DO IT”. Just kidding!

In all reality though, I would encourage anyone to think long and hard before deciding to pursue any artistic endeavor full-time. And if you do, understand that the financial implications are life-altering.

The Investment Required for an Acting Career

If you want to be considered seriously as a professional performer you need to make a significant investment in your career and training.

I know you hear these chance stories of people being “discovered” on the street or at the airport, but the reality is, most of the competition out there (and there is A LOT of it) is both highly trained and well educated.

You can probably forego the standard (and crazy expensive) four year Bachelor of Fine Arts programs.

However, at least two years of training from a respectable conservatory is a standard if you want to get in the door.

Even once you’ve begun working, the career investment is ongoing. Consider these numbers,

  • $150 per voice lesson (typically weekly for professionals),
  • $250 for dance shoes,
  • $800 for a 6-week acting class, and
  • $1,000 for headshots, etc.

All those costs wouldn’t be too horrible if there was a sweet return on investment.

However, the arts – horribly underfunded – leave more than a little to be desired on the compensation end.

What You Earn During a Career in Acting

According to NPR, of the 49,000 members of Actors’ Equity Association, the professional theatre actors union, around 17,000 are estimated to work in any one year.

Of the members who do work, the median income from work in theatre is approximately $7,500 a year!

In case you’re trying to break it down, $7,500 works out to about $144 per week. Most theatre contracts, however, are 4-8 weeks long, and you’re lucky if you score more than one or two of those contracts per year.

While you may only associate professional acting with the silver screen and the bright lights of Broadway, the majority of professional work comes from small regional theaters and touring shows- none of which pay the big bucks.

My first big job was on a multi-million dollar tour of Cinderella the musical starring Broadway legend and the singing voice of Disney’s Jasmine and Mulan, Lea Salonga.

Even with a massive big-budget production and major star power, my salary was $450 per week.

Oddly enough, the low budget children’s show I toured throughout the US a few years later paid more, a whopping salary of $480.

When I hit it big time with another multi-million-dollar production, this time in the 5,000 seat theatre of Madison Square Garden in New York City, I made a “massive” $527 weekly salary. That’s the “glamorous” reality.

Your Chances of a Career in Acting

Most actors leave the business within a few years of starting out. Of the 60 people in my freshman class of ’04 at the Tisch School of the Arts:

  • 1 became crazy famous (Lady Gaga),
  • 2-3 have been on Broadway, and
  • another 2-3 of us are still working in the business, and
  • the rest are out, and for good reason.

The financial and employment realities of professional acting make any semblance of a normal lifestyle difficult to sustain.

The nature of the career and compensation mean putting other dreams on hold- especially ones that require a large financial investment, like home ownership or starting a family-unless of course you marry rich 😉

Making it Work Against the Odds

Despite all of that though, I have no regrets- but I do have some advice for those looking to make a career in acting work long-term.

Get your money right!

The only thing that will afford you the freedom to continue pursuing a career in “the biz” is living a financially viable lifestyle.

That means:

That income should be able to consistently keep you above what I like to call “the make or break number” – the minimum amount of money you need to survive each month PLUS:

I include those additional savings in “the make or break number” because it’s the only way to ensure long-term viability.

“One of the reasons many fall out of the business is because they’re constantly hustling to attain short-term solvency without a long-term financial strategy, burning themselves out in that cycle.”

People go into acting and the arts to do what they love, but the financial strain can often turn that love into resentment and depression.

Avoid that painful place by keeping your finances well above the “make or break” point and always maintaining your passion at the center of your purpose.

Your dreams will undoubtedly evolve as you do- for some, that will mean staying in the business in all its financially inconsistent and messy glory.

For others, it will mean pursuing new joys through new means. The only failure would be to follow the path that doesn’t speak to you.

Avatar About Stefanie O'Connell

Stefanie O'Connell is an author, millennial money expert, speaker, consultant, and media personality

Stefanie’s work & advice has been featured in The Wall Street Journal, The New York Times, USA Today, Cosmopolitan, Glamour and Oprah Magazine.

A go-to money expert, Stefanie has appeared on ABC World News, CBSN, Fox & Friends, Fox Business, Bloomberg, Reuters, The Dr Oz Show and various other print and digital media outlets.

Her client list has included established brands like Capital One and Charles Schwab, major universities like Columbia and NYU, and national events like FinCon.

A graduate of New York University, Stefanie lives in Harlem with her fiance. Learn more at stefanieoconnell.com

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  1. Is this number correct? $800 for a 6-week acting class. The rate in my city, Houston, is $300. May be that’s the rate in NY?

    But, congrats on making it in life as an actor. I am starting out, getting trained in theater, and do have a full-time day job in Engineering, that pays my bills.

    Perhaps, you could share some of your experiences or give advice on how should one plan on making over the “make-or-break” mark, as an actor. It might be helpful for many.

    Cheers!

    • Avatar Stefanie @ The Broke and Beautiful Life says

      Hi Karan,

      The numbers for class vary quite a bit, but yes, classes in New York City are significantly higher.

      I think it’s fantastic that you have such a such a specialized skill set that allows you to have a sustainable day job (a lot of actor/waiters/babysitters experience burn out).

      If you’d like to read more about being an actor and make or break numbers and NYC living, feel free to check out my personal site http://thebrokeandbeautifullife.com

  2. Right out of high school I found a steady job working 8-5 m-f. I eventually left and fell into performance tech. While not the exact same as performing, it is still typically feast or famine. I’ve left a couple of times for various reasons but always find myself coming back. It’s what I love beyond anything else and I just can’t let it go.

    Cheers to our passions!

    • Avatar Stefanie @ The Broke and Beautiful Life says

      At the end of the day, if you’re finding fulfillment, even when it’s just “scraping by”, that’s really all the matters. Some people can handle the lifestyle trade offs, others not so much.

  3. Avatar Andrea Woroch says

    It sounds like quite the struggle to follow your dream and do it in NYC nonetheless, but you have a good perspective on how to make it work without letting the struggles get the best of you. I was planning to study art/design when l was looking at schools ( I really wanted to go to Parsons!) but my father had such influence over my ultimate decision. Of course, as a typical Ukrainian dad he tried pushing me to become a doctor or a lawyer. I still wonder where I would be if I pursued my dream and I think it’s awesome that you are doing what you love!

    • Avatar Stefanie @ The Broke and Beautiful Life says

      I double majored in Psych for mama and tato, just didn’t wind up doing much with it 🙂 As much as I’m glad I did the things I did, I sometimes look at “normal” careers and envy that lifestyle. The grass is always greener.