The current study takes an exploratory approach to investigate which situational factors influence perceptions of psychological contracts, as well as the content that comprises psychological contracts in the dance training industry. Semi-structured interviews (n¼10) were conducted with students enrolled in a higher education institution in Australia. Results indicated that intending dancers take several factors into consideration when contemplating a professional dance career: natural progression of skill, employment opportunities, location, and peer recommendation. In addition, intending dancers have several perceived institutional obligations: skill development, quality of teachers and training, and networking opportunities. The current article adds novel insights to dance education literature by considering the trainee–institution relationship through the psychological contract lens. It is anticipated that the findings will assist future research that seeks to incorporate student perceptions into dance curriculum development.