Psychology Degree from Hendrix College Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from Hendrix College is likely to work in.
Top job projections for graduates in psychology from hendrix college
Clinical, counseling, and school psychologists
Projection Rating: F-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 82.98%-61.75%
Employment Change: 12.3%
Entry-Level Education: Doctoral or professional degree
Industrial-organizational psychologists
Projection Rating: C
Median Annual Wage: $147,420
Percentage of Paycheck to Repay: 22.46%-16.72%
Employment Change: 0.5%
Entry-Level Education: Master's degree
Substance abuse, behavioral disorder, and mental health counselors
Projection Rating: F-
Median Annual Wage: $53,710
Percentage of Paycheck to Repay: 61.66%-45.88%
Employment Change: 84.5%
Entry-Level Education: Master's degree
Investing in your education is a significant decision, and understanding the return on investment (ROI) of a psychology degree from Hendrix College can help you make an informed choice. With a strong emphasis on liberal arts education, Hendrix College equips students with critical thinking, analytical, and communication skills that are highly valued in today’s job market.
Graduates with a psychology degree from Hendrix College often find themselves well-prepared for a variety of career paths, including mental health counseling, social work, human resources, and market research. The skills gained through this program can lead to diverse opportunities in both the public and private sectors, enhancing your employability and potential earning power.
Moreover, Hendrix College boasts a robust alumni network and strong career services that facilitate job placements and internships, further boosting the ROI of your degree. Many students benefit from hands-on experiences and research opportunities, which can significantly enrich their resumes and provide a competitive edge in the job market.
Financially, the ROI for a psychology degree at Hendrix College can be assessed through average starting salaries of graduates compared to the cost of tuition. By analyzing salary data and employment rates, prospective students can see that the investment in education often pays off in the long run. Additionally, for those considering further education, such as a master's or doctorate, a psychology degree from Hendrix can serve as a solid foundation for advanced studies.
In conclusion, a psychology degree from Hendrix College not only provides valuable knowledge and skills but also offers a favorable return on investment through diverse career opportunities and the potential for financial growth. By choosing Hendrix, you are investing in a future with unlimited possibilities.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.