Psychology Degree from University of Iowa Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from University of Iowa is likely to work in.
Top job projections for graduates in psychology from university of iowa
Clinical, counseling, and school psychologists
Projection Rating: D
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 32.68%-24.32%
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: 8.85%-6.58%
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: 24.28%-18.07%
Employment Change: 84.5%
Entry-Level Education: Master's degree
When considering a Psychology degree from the University of Iowa, understanding the return on investment (ROI) is crucial for prospective students and their families. This degree not only provides a solid foundation in psychological principles but also opens doors to various career opportunities that can lead to financial stability and personal fulfillment.
The University of Iowa is renowned for its comprehensive psychology program, which combines rigorous academic training with practical experience. Graduates benefit from a strong alumni network and the university's reputation, which can enhance employability and earning potential. According to recent statistics, psychology graduates from the University of Iowa experience a substantial increase in their earning potential compared to their pre-degree income.
One of the key factors contributing to the ROI of a psychology degree is the diverse career paths available to graduates. With a psychology degree, you can pursue roles in fields such as healthcare, education, social services, and business. Positions like clinical psychologist, counselor, human resources specialist, and market researcher are just a few examples of the opportunities that await you.
Moreover, the skills acquired during your psychology studies—critical thinking, communication, and analytical abilities—are highly sought after by employers. This versatility makes psychology graduates competitive candidates in the job market, further enhancing their ROI.
Financial aid options, scholarships, and assistantships at the University of Iowa can also help reduce the cost of obtaining your degree, making it a more attractive investment. By minimizing student debt, you can improve your overall ROI as you transition into the workforce.
In conclusion, a Psychology degree from the University of Iowa offers a promising return on investment, equipping you with the knowledge and skills necessary to thrive in various careers. By investing in your education, you are not only enhancing your earning potential but also paving the way for a fulfilling and impactful career in psychology.
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.