Psychology Degree from Colby College Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from Colby College is likely to work in.
Top job projections for graduates in psychology from colby college
Clinical, counseling, and school psychologists
Projection Rating: F-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 93.36%-69.47%
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: 25.28%-18.81%
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: 69.38%-51.62%
Employment Change: 84.5%
Entry-Level Education: Master's degree
When considering a Psychology Degree from Colby College, one of the most important factors to evaluate is the return on investment (ROI). A psychology degree not only provides a robust understanding of human behavior but also equips graduates with valuable skills that are highly sought after in today's job market.
Colby College is renowned for its rigorous academic programs and exceptional faculty, which contribute to a high-quality educational experience. Graduates from Colby College often find themselves well-prepared for a variety of career paths, including roles in mental health, education, social services, and corporate sectors. The comprehensive curriculum and experiential learning opportunities enhance employability and career advancement potential.
Investing in a psychology degree from Colby College can lead to significant long-term financial benefits. According to recent statistics, psychology graduates experience higher starting salaries compared to peers from other institutions. Additionally, alumni networks and career services at Colby College provide crucial support in securing internships and job placements, further enhancing the ROI of your degree.
Moreover, the skills acquired through a psychology program—such as critical thinking, communication, and problem-solving—are applicable across various industries. This versatility increases job security and opens doors to advanced degrees and specialized training, leading to even greater earning potential over time.
In summary, a psychology degree from Colby College offers a strong return on investment through its quality education, supportive alumni network, and the diverse career opportunities available to graduates. For those passionate about understanding human behavior and making a difference in the world, this degree represents both a personal and financial investment in a successful future.
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.