Here's your Forbes Daily Briefing for Tuesday, December 24th.

Today on Forbes, meet the New York City Agency where math and English tutors earn up to $1 million per year.

A few years into his finance career and working as an equities trader in New York City, Stephen Menking was unfulfilled.

He'd done everything he was supposed to do.

He graduated cum laude with degrees in math and economics from Williams College

and had completed several internships, which he parlayed into a job in investment banking right out of college.

But he quickly realized he wasn't willing to sacrifice his work-life balance

for Wall Street's golden handcuffs. Inspired by his time as a peer-to-peer tutor in high school,

Menking left his finance gig to work as a self-employed tutor for students in mathematics.

After bouncing from agency to agency, he found Forum Education, a company that positions

itself as a talent agency for tutors, and caters to wealthy families in the New York City

private school system.

Today, Menking is one of Forum's top five earners and grosses around $500,000 a year. He makes more as a full-time tutor than he did in finance.

Tutoring has long been considered part-time work. A decade ago, the Atlantic deemed tutors,

quote, the new waiters, as Ivy League graduates in New York City, turned to tutoring to make ends meet

while chasing

auditions or postgraduate programs. As online tutoring options have exploded, the global industry

is now estimated to generate some $10.42 billion in revenues in 2024, according to Grand Valley

Research, it's become fairly easy to get a remote, part-time tutoring gig.

EdTech venture capitalists see the tutoring market as oversaturated,

with competitors ranging from large operations like Princeton Review and Kaplan

to startups like Wise Ant and Study AI.

...