Psychology Degree from University of Maryland – Baltimore County Return on Investment

See what the return on investment is for jobs that someone with a Psychology degree from University of Maryland – Baltimore County is likely to work in.

F D C B A
Approximate Total Payment $165,974
Approximate Total Interest $46,976
Monthly Payment $1152.60
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in psychology from university of maryland - baltimore county

Clinical, counseling, and school psychologists

Projection Rating: D

Median Annual Wage: $79,820

Percentage of Paycheck to Repay: 34.66%-25.79%

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: 9.38%-6.98%

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: 25.75%-19.16%

Employment Change: 84.5%

Entry-Level Education: Master's degree

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The pursuit of a Psychology degree from the University of Maryland – Baltimore County (UMBC) is not just an academic journey; it’s an investment in your future. Understanding the return on investment (ROI) of this degree can help you make an informed decision about your education and career path.

UMBC’s Psychology program provides students with a robust foundation in psychological principles, research methodologies, and critical thinking skills. Graduates are well-prepared for various career opportunities in fields such as mental health, education, social services, and human resources. The skills acquired during your studies translate into a competitive edge in the job market.

When evaluating the ROI of a Psychology degree from UMBC, consider the following factors:

  • Employment Opportunities: Graduates with a Psychology degree are in demand across multiple sectors. The knowledge of human behavior and mental processes equips you for roles in counseling, therapy, and organizational psychology, among others.
  • Salary Potential: According to recent statistics, individuals with a bachelor’s degree in Psychology can expect competitive starting salaries. The earnings potential increases significantly with further education, such as a master’s or doctoral degree.
  • Career Advancement: A Psychology degree from UMBC can serve as a stepping stone to advanced studies or specialized training. Many alumni go on to pursue higher degrees, which can lead to higher-paying positions and increased job security.
  • Networking Opportunities: UMBC’s strong alumni network and connections within the psychology community can provide students with valuable resources, mentorship, and job leads.

Investing in your education at UMBC is not just about obtaining a degree; it’s about building a future where your skills can make a difference. With a Psychology degree, you are not only enhancing your knowledge but also opening doors to a fulfilling and impactful career.

In conclusion, the return on investment for a Psychology degree from the University of Maryland – Baltimore County is substantial. By choosing UMBC, you are setting the stage for professional growth, financial stability, and the opportunity to positively influence the lives of others.

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.

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