Psychology Degree from University of Utah Return on Investment
See what the return on investment is for jobs that someone with a Psychology degree from University of Utah is likely to work in.
Top job projections for graduates in psychology from university of utah
Clinical, counseling, and school psychologists
Projection Rating: C-
Median Annual Wage: $79,820
Percentage of Paycheck to Repay: 29.90%-22.25%
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: 8.10%-6.02%
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: 22.22%-16.53%
Employment Change: 84.5%
Entry-Level Education: Master's degree
The University of Utah offers a comprehensive Psychology degree program that not only provides an in-depth understanding of human behavior but also delivers a significant return on investment (ROI) for graduates. With a focus on research, critical thinking, and practical applications, this degree equips students with the skills needed to excel in various career paths.
One of the key factors contributing to the high ROI of a Psychology degree from the University of Utah is the strong job placement rate for graduates. The university's extensive network and strong ties to the local community and businesses enhance internship and employment opportunities. Graduates find roles in diverse fields such as mental health services, education, marketing, human resources, and research.
Moreover, the demand for mental health professionals is on the rise, with the Bureau of Labor Statistics projecting significant job growth in psychology-related fields. This trend underscores the value of earning a degree in psychology, especially from a reputable institution like the University of Utah, which is known for its rigorous academic standards and innovative research programs.
Financially, the ROI is further boosted by competitive starting salaries for psychology graduates. Many entry-level positions in psychology and related fields offer salaries that reflect the investment made in education. Additionally, graduates often have the opportunity to pursue advanced degrees, which can lead to higher earning potential over time.
In conclusion, the Psychology degree from the University of Utah is not just an academic achievement; it’s a strategic investment in your future. With strong job prospects, competitive salaries, and the potential for career advancement, students can expect a favorable return on their educational investment, making the University of Utah a smart choice for aspiring psychologists.
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.