Psychology Degree from University of Michigan – Dearborn Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from University of Michigan – Dearborn is likely to work in.
Top job projections for graduates in psychology from university of michigan - dearborn
Clinical, counseling, and school psychologists
Projection Rating: C-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 28.06%-20.88%
Employment Change: 12.3%
Entry-Level Education: Doctoral or professional degree
Industrial-organizational psychologists
Projection Rating: A-
Median Annual Wage: $147,420
Percentage of Paycheck to Repay: 7.60%-5.65%
Employment Change: 0.5%
Entry-Level Education: Master's degree
Substance abuse, behavioral disorder, and mental health counselors
Projection Rating: C+
Median Annual Wage: $53,710
Percentage of Paycheck to Repay: 20.85%-15.52%
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 the University of Michigan - Dearborn can help you make an informed choice. This esteemed program not only provides a solid foundation in psychological principles but also prepares graduates for a diverse range of career opportunities.
The ROI of a Psychology degree from UM-Dearborn is notable, given the university’s strong reputation and commitment to student success. Graduates often report enhanced job prospects, with many entering fields such as counseling, social work, human resources, and market research. With the increasing demand for mental health professionals and psychological services, a degree from this respected institution opens many doors.
Furthermore, the University of Michigan - Dearborn offers valuable resources, including career counseling, internships, and networking opportunities, which can significantly enhance your employability. Graduates benefit from a robust alumni network that provides connections in various industries, increasing their chances of securing desirable positions.
Financially, the cost of earning a Psychology degree at UM-Dearborn is competitive compared to other institutions. Many students find that the investment pays off quickly, with average starting salaries for graduates being higher than the national average for those holding similar degrees. As alumni advance in their careers, their earning potential continues to grow, reflecting the value of their education.
In summary, a Psychology degree from the University of Michigan - Dearborn represents a strategic investment in your future. With its strong academic framework, excellent career support, and promising job market, students can expect a favorable return on their investment, paving the way for a fulfilling and financially rewarding career.
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.