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.
- 1 March 2024 (Updated)
Expected Earning after Completing Psychology Program is $35,629
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.
| Degree Level | Schools Offered | Completers | ||
|---|---|---|---|---|
| Total | Men | Women | ||
| Associate | 342 | 19,305 | 4,296 | 15,009 |
| Bachelor | 1,478 | 137,362 | 27,399 | 109,963 |
| Master | 764 | 34,101 | 6,127 | 27,974 |
| Doctoral | ||||
| Doctoral (Research) | 315 | 5,204 | 1,295 | 3,909 |
| Doctoral (Professional Practice) | 99 | 1,714 | 339 | 1,375 |
| Doctoral (Other) | 3 | 53 | 11 | 42 |
| Undergraduate Certificate | ||||
| 2-Years Certificate | 15 | 64 | 6 | 58 |
| 2-4 Years Certificate | 1 | 0 | 0 | 0 |
| Certificates of less than 12 weeks | 4 | 22 | 5 | 17 |
| Certificates of at least 12 weeks but less than 1 year | 57 | 528 | 101 | 427 |
| Graduate Certificate | ||||
| Post-Bachelor Certificate | 170 | 2,088 | 324 | 1,764 |
| Post-Master Certificate | 186 | 1,567 | 208 | 1,359 |
Data Source: IPEDS, U.S. Department of Education
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.
| Tuition & Fees | Annual Salary | Monthly Earning | Loan Debt | Monthly 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.
| Annual Salary | Monthly Earning | Loan Debt | Monthly Loan Payment | |
|---|---|---|---|---|
| Psychology, General Program Details | ||||
| 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 | ||||
| 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 | ||||
| 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 |
Data Source: College Scorecard
