Is a Psychology Degree Worth Anything?


Vincent White

It’s a common question for those interested in studying psychology: is a psychology degree worth anything? The answer, of course, is not so simple. Let’s explore the various factors that can influence the value of a psychology degree.

Job Market

One of the most important considerations when deciding on any degree is whether there are job opportunities available in that field. In the case of psychology, there are many potential career paths. Some popular options include clinical psychology, counseling psychology, school psychology, and industrial-organizational psychology.

However, it’s worth noting that some of these paths require further education beyond a bachelor’s degree. For example, becoming a licensed clinical psychologist typically requires a doctoral degree. Therefore, it’s important to research the requirements for your desired career path and consider whether you are willing and able to pursue further education if necessary.


Another important consideration is potential earnings with a psychology degree. Salaries can vary widely depending on the specific career path you choose and your level of education and experience.

According to the Bureau of Labor Statistics (BLS), as of May 2020, the median annual wage for psychologists was $80,370. However, this figure can range from around $45,240 for some entry-level positions to over $132,070 for experienced psychologists in certain specialties.

Skills Developed

In addition to job prospects and salary potential, it’s also worth considering the skills you will develop through studying psychology. Many employers value skills such as critical thinking, problem-solving abilities, communication skills, and an understanding of human behavior.

Studying psychology can also provide valuable experience in conducting research and analyzing data – skills that are sought after in many industries beyond just mental health fields.

Personal Satisfaction

Finally, it’s important to consider whether pursuing a psychology degree aligns with your personal interests and goals. If you are passionate about helping others, have a fascination with human behavior, or are interested in pursuing research that can make a difference in people’s lives, then a psychology degree may be a great fit for you.

Ultimately, the value of a psychology degree will depend on your individual goals and circumstances. However, by considering factors such as job prospects, salary potential, skills developed, and personal satisfaction, you can make an informed decision about whether this field is worth pursuing.