Bachelor's · earnings grade

Is a Psychology degree worth it?

Graduates earn a median $29,685 two years after finishing, more than 14% of bachelor's majors. Measured across 1,390 US programmes by the Department of Education — real graduate pay, not survey answers.

F

The verdict on the money

On earnings alone this is among the lowest-paying majors at this level. That does not make it a bad subject, but it does make the debt you take on for it matter more.

Median earnings $29,685 2 years after finishing · per graduate
Typical range $26,353–$31,616 middle half of US programmes
Over no degree vs $39,520 high-school median
Graduates a year 117,175 1,390 programmes

Where a Psychology degree pays best US programmes ranked on their own graduates' median earnings two years out.

#University1 yr out2 yrs out3 yrs outGraduates/yr
1 Barnard College cost & debt at this university → $38,848 $48,432 $50,891
2 Colgate University cost & debt at this university → $48,179 $47,260 $57,947
3 University of Chicago cost & debt at this university → not published $45,128 $43,021
4 Bowdoin College cost & debt at this university → not published $44,971 not published
5 Cornell University cost & debt at this university → $36,163 $44,747 $51,275 70
6 Lafayette College cost & debt at this university → not published $44,170 $48,201
7 Trinity College $32,400 $43,798 not published 12
8 Swarthmore College cost & debt at this university → not published $43,426 not published
9 Middlebury College cost & debt at this university → $34,769 $42,682 $41,771
10 Lehigh University cost & debt at this university → not published $42,682 $52,508 63
11 Dickinson College cost & debt at this university → $36,712 $42,682 not published 30
12 Boston College $37,262 $42,682 $51,564 111

What this figure does and does not tell you

Two medians are worth separating. $29,685 is what the typical graduate earns — each programme counted in proportion to how many students it graduates. $29,141 is what the typical programme reports, counting a class of twenty the same as a class of two thousand. The weighted figure is higher here, which means the larger programmes in this field are the better-paying ones.

It is the median of what real graduates of this exact major earned, taken from tax records two years after they completed. It is not a starting salary, not an average of job adverts, and not a projection. The median bachelor's major in this dataset reports $36,497, so Psychology sits below the middle by $6,812.

Two years is early in a career. Fields with long training pipelines — medicine, law, research — look weaker at this point than they will at ten, while trades and applied technical fields peak sooner. Read a low figure in a long-pipeline subject as "slow start", not "bad degree".

There is no debt figure here on purpose. The Department of Education publishes earnings by field of study but not borrowing, so nobody can honestly tell you the debt of a specific major. Debt is published per institution — that is where our university cost pages carry it.

Psychology at other levels

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Psychology: the questions people ask

How much do Psychology graduates earn?
The median bachelor's graduate earns $29,685 two years after finishing (weighting each programme by how many students it graduates), across 1,059 US programmes that publish the figure. One year out it is $28,539.
Is a Psychology degree worth it?
On earnings alone this is among the lowest-paying majors at this level. That does not make it a bad subject, but it does make the debt you take on for it matter more.
What is the salary range for Psychology?
Half of US programmes report medians between $26,353 and $31,616. Where you study moves this figure more than most applicants expect.
How many people graduate in Psychology each year?
About 117,175 students complete a bachelor's in this field each year across 1,390 US programmes.
Does this include student debt?
No — and deliberately. The Department of Education publishes earnings by field of study but not debt, so any "debt by major" figure you see elsewhere is an estimate. Debt is published per institution, which is why our university pages carry it and this page does not.

Classified by the Department of Education as Psychology, General (CIP 4201). Source: US Department of Education College Scorecard, field-of-study earnings (median earnings of graduates who received federal financial aid, measured 1–3 years after completion). Figures are per major and credential level, pooled across US programmes. Information only, not financial advice.