Expected Earning after Completing Psychology Program is $35,629

1,814 colleges are offering Psychology program through certificate, undergraduate, and graduate levels. For bachelor's degree, 1,478 schools have the Psychology program and 764 schools are offering the program in graduate levels. In 2023, a total of 200,441 students completed the program and earned a degree or certificate in the area. By degree level, 614 students earned undergraduate certificate, 19,305 students earned associate's, 137,362 students earned bachelor's, and 41,072 students earned master's or doctoral degrees.

Colleges Offering Psychology and Number of Degree Earners

The 2024 average tuition of schools that have Psychology program is $10,263 for state residents and $31,200 for out-of-state students. For graduate Psychology programs, the average tuition is $11,181 for state residents and $21,733 for out-of-state students. For certificate and vocational porgrams in the Psychology programs, the average tuition is $67,080.
The following table summarizes the Psychology schools by offered degree and number of completers.
Psychology Schools and Number of Completers by Award Level
Degree LevelSchools OfferedCompleters
TotalMenWomen
Associate342 19,3054,29615,009
Bachelor1,478 137,36227,399109,963
Master764 34,1016,12727,974
Doctoral
Doctoral (Research)315 5,2041,2953,909
Doctoral (Professional Practice)99 1,7143391,375
Doctoral (Other)3 531142
Undergraduate Certificate
2-Years Certificate15 64658
2-4 Years Certificate1 000
Certificates of less than 12 weeks4 22517
Certificates of at least 12 weeks but less than 1 year57 528101427
Graduate Certificate
Post-Bachelor Certificate170 2,0883241,764
Post-Master Certificate186 1,5672081,359

Average Salary by Program in Psychology Study

The average salary after completing bachelor's Psychology is $35,629. The salary is based on the median annual earnings of students three years after graduation. The earning with Psychology Master's degree is $49,465.
The average loan debt of the completers in Psychology programs is $23,799 and the estimated monthly loan payment is $238. The debt amount is based only on federal loan debt originated at the school awarding the credential, if it were repaid over 10 years at a 3.73% interest rate.
For Psychology program, the graduates from Wellesley College have the highest earning of $62,505 (Bachelor's degree). Students from Palo Alto University and Embry-Riddle Aeronautical University-Prescott follow it with average earning $60,732 and $59,418 respectively.
Top 5 Earnings Schools in Psychology Area
Tuition & FeesAnnual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Wellesley College $64,320$62,505$5,209 $11,565$116
Palo Alto University $23,096$60,732$5,061 --
Embry-Riddle Aeronautical University-Prescott $42,204$59,418$4,952 $24,125$241
Embry-Riddle Aeronautical University-Daytona Beach $42,304$59,418$4,952 $24,125$241
Colgate University $67,024$57,947$4,829 $14,000$140
Data Source: College Scorecard

Average Earning and Debt by Psychology Sub Major Programs

In Psychology area, the graduates who completing Clinical, Counseling and Applied Psychology program have the highest salary of $38,478 and Research and Experimental Psychology program have the second highest salary of $37,742 in average.
Research and Experimental Psychology Master's program has $62,565 average salary and Clinical, Counseling and Applied Psychology program completers earn $49,358 yearly.
The next table shows the average earning and debt after completing Psychology area by major program and degree. The average annual earning is calculated based on the earning of students three years after graduation.
  • Only data from students who received federal financial aid are included in the calculation.
  • The actual earning may differ from the average value.

Psychology, General

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Certificate $35,610$2,968 $24,263$243
Associate $21,000$1,750 $19,033$190
Bachelor's $35,386$2,949 $23,952$239
Master's $48,427$4,036 $45,290$509
Doctoral $78,186$6,515 $98,083$1,103
Post-MS $59,226$4,936 $20,500$230

Research and Experimental Psychology

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $37,742$3,145 $21,689$217
Master's $62,565$5,214 $51,849$583
Doctoral $77,449$6,454 --
Post-MS $77,417$6,451 --

Clinical, Counseling and Applied Psychology

Program Details
Annual SalaryMonthly EarningLoan DebtMonthly Loan Payment
Bachelor's $38,478$3,207 $24,848$248
Master's $49,358$4,113 $50,319$566
Doctoral $71,614$5,968 $153,689$1,728
First Professional Degree $58,749$4,896 $55,849$628
Post-MS $68,568$5,714 $47,782$537
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