I keep hearing the same thing over and over about how its a big financial risk to become a Commercial Airline Pilot. Is this also the same for Helicopter pilots?
Yes absolutely, unless you know someone in the industry who will give you a first foot in the door towards flying helicopters extremely difficult and very expensive. That's why as first choice always try gain flight training and flight hours through the military. (though US is easier, my experience is Australia/NZ)
If you want to fly helicopters as a career and nothing else will satisfy of course work three jobs as I did and save enough for flight training, work towards a CPL and then instructor ratings, eventually after instructing for a couple years you might just then be employable. One of most expensive aspects of helicopter flying is turbine time experience.
From the time I did my first solo to when I finished CPL with rating for H500 I must of spent close to $100,000 and with that you are basically unemployable no matter how many letters you right to operators. One reason and often the case is due to helicopter insurance, often the policies state that pilot must have min 1000 hours or more on that helicopter type rating to qualify for the insurance. And insurance is a bigger expense than maintenance, looking at roughly 10-15% value of the machine each year.
Therefore operators can't even if they want to, hire you with only 100 hours turbine time. Realistically you need 1000 hours plus, and to obtain that privately is going to cost you on average well over $500 an hour.
I don't want to put anyone off if their goal is a career as a helicopter pilot, but you need to step back and keep it realistic. Helicopter pilots unless they can work locally are more likely than not have to work globally, traveling from what ever job they can get, all commercial pilots I know only one is currently still in his home country all rest had to move overseas and travel around from job to job generally following the summer months.
Plus helicopter pilots don't earn much, even less than airline pilots. After considering all the realities of being a helicopter pilot I decided for me the right choice would be high income private sector within finance and keep flying as a hobby, glad now I made that choice.
Skim through the online job offers for helicopter pilots, often the minimums for experience of a particular rating type are far beyond what you will be able acquire via private flight training and a first instructor job.
<S>...-Gixer