Psychology Degree from Iowa State University Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from Iowa State University is likely to work in.
Top job projections for graduates in psychology from iowa state university
Clinical, counseling, and school psychologists
Projection Rating: C-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 29.74%-22.13%
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: 8.05%-5.99%
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: 22.10%-16.44%
Employment Change: 84.5%
Entry-Level Education: Master's degree
When considering a Psychology degree from Iowa State University, prospective students often weigh the financial implications alongside their career aspirations. Understanding the return on investment (ROI) of this degree can significantly influence your decision-making process.
Iowa State University’s Psychology program offers a comprehensive curriculum that equips students with essential skills in analytical thinking, communication, and problem-solving. Graduates are well-prepared for diverse careers in fields such as mental health, education, business, and research. This versatility enhances the degree's value in the job market.
According to recent statistics, graduates with a Psychology degree from Iowa State University experience a competitive salary trajectory. The average starting salary for recent graduates is approximately $40,000 per year, with experienced professionals earning upwards of $70,000 annually. Such figures illustrate a promising financial outlook for graduates, validating their investment in education.
In addition to salary potential, the psychology degree also opens doors to advanced studies, including master's and doctoral programs. Pursuing higher education can further enhance earning potential, with some specialized roles in psychology yielding salaries exceeding $100,000 annually.
Furthermore, Iowa State University provides a robust support system for students, including career counseling and internship opportunities. These resources help students gain practical experience and network within the industry, further maximizing their ROI.
In conclusion, investing in a Psychology degree from Iowa State University not only paves the way for a fulfilling career but also offers a strong return on investment. With competitive salaries, diverse job opportunities, and the potential for advanced studies, this degree is a smart choice for those passionate about understanding human behavior and making a difference in the world.
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.