Psychology Degree from Illinois Institute of Technology Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from Illinois Institute of Technology is likely to work in.
Top job projections for graduates in psychology from illinois institute of technology
Clinical, counseling, and school psychologists
Projection Rating: F-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 81.46%-60.61%
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: 22.05%-16.41%
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: 60.53%-45.04%
Employment Change: 84.5%
Entry-Level Education: Master's degree
The decision to pursue a psychology degree from the Illinois Institute of Technology (IIT) is not just about gaining knowledge; it's about investing in your future. With a strong emphasis on STEM education and a focus on the intersection of psychology and technology, IIT offers a unique program that equips students with the skills needed to excel in various industries.
When evaluating the return on investment (ROI) of a psychology degree from IIT, it's essential to consider several key factors. First, the program's robust curriculum prepares graduates for a variety of career paths, including clinical psychology, counseling, human resources, and organizational psychology. Graduates are well-prepared to enter the workforce and command competitive salaries.
According to the Bureau of Labor Statistics, the demand for psychology professionals is on the rise, with job growth projected to be faster than the average for all occupations. This increasing demand translates to a promising job market for IIT psychology graduates, enhancing their earning potential and career stability.
Additionally, IIT's strong network of alumni and industry connections provides students with valuable internship and job placement opportunities. Many graduates find employment in prestigious organizations and companies, further boosting their ROI. Networking with professionals in the field can lead to mentorship opportunities and insights that can significantly impact one's career trajectory.
Financially, the cost of education at IIT is an investment in your future. While tuition fees are an important consideration, the long-term benefits of obtaining a psychology degree often outweigh the initial costs. Graduates typically experience a high return on their investment through lucrative job offers and career advancement opportunities.
In summary, pursuing a psychology degree from the Illinois Institute of Technology offers a compelling return on investment. With a strong academic foundation, access to a robust professional network, and a growing job market, graduates are well-positioned to achieve both personal and financial success in their careers.
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.