Psychology Degree from University of Louisiana at Monroe Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from University of Louisiana at Monroe is likely to work in.
Top job projections for graduates in psychology from university of louisiana at monroe
Clinical, counseling, and school psychologists
Projection Rating: C-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 25.76%-19.17%
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: 6.97%-5.19%
Employment Change: 0.5%
Entry-Level Education: Master's degree
Substance abuse, behavioral disorder, and mental health counselors
Projection Rating: B-
Median Annual Wage: $53,710
Percentage of Paycheck to Repay: 19.14%-14.24%
Employment Change: 84.5%
Entry-Level Education: Master's degree
When considering a Psychology degree from the University of Louisiana at Monroe (ULM), understanding the return on investment (ROI) is crucial for prospective students. ULM offers a comprehensive psychology program that not only provides a solid academic foundation but also equips graduates with essential skills sought after by employers in various fields.
Graduates of ULM’s psychology program benefit from a competitive edge in the job market. The skills developed through coursework, including critical thinking, research methods, and effective communication, are highly valued across numerous industries, including healthcare, education, and social services. According to recent data, psychology graduates from ULM report a significant increase in employability and earning potential compared to their peers from other institutions.
In terms of financial ROI, the investment in a psychology degree at ULM is often outweighed by the long-term benefits. Graduates can pursue various career paths, including clinical psychology, counseling, human resources, and market research, with many positions offering salaries that reflect the investment in their education. Furthermore, ULM's affordable tuition rates and available financial aid options make this degree an accessible choice for many students.
Moreover, ULM’s strong alumni network provides valuable connections that can enhance job prospects and career advancement opportunities. The university’s commitment to student success includes career services that help graduates transition smoothly into the workforce, thus maximizing their return on investment.
In summary, a psychology degree from the University of Louisiana at Monroe not only prepares students for diverse career opportunities but also offers a solid return on investment through enhanced employability and earning potential. By choosing ULM, students are making a strategic decision that can lead to a fulfilling and financially rewarding career in psychology and related fields.
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.