Is Getting a Psychology Degree Worth It?


Diego Sanchez

This is a question that many students who are interested in pursuing a career in psychology may ask themselves.

The answer to this question is not straightforward and depends on various factors. In this article, we will explore the pros and cons of getting a psychology degree, the job prospects, and the salary potential.

Pros of Getting a Psychology Degree

1. Job Opportunities: One of the biggest advantages of getting a psychology degree is the wide range of job opportunities available.

Psychologists can work in various fields such as healthcare, education, research, social services, and more. They can also work in private practice or for government agencies.

2. Helping People: Psychology is a field that allows individuals to help people overcome their mental health issues and lead better lives. Psychologists can improve the lives of their patients by providing counseling, therapy, and other interventions.

3. Personal Growth: Pursuing a psychology degree can help an individual gain self-awareness and develop critical thinking skills. It also allows individuals to understand human behavior better.

Cons of Getting a Psychology Degree

1. High Cost: Pursuing a psychology degree can be expensive, especially if you plan to attend graduate school. The cost of tuition and fees can add up quickly.

2. Competitive Job Market: The job market for psychologists is competitive, especially for those with only an undergraduate degree. To increase your chances of employment, you may need to pursue advanced degrees or gain additional experience through internships or volunteer work. Emotional Strain: Working in the field of psychology can be emotionally taxing as it involves working with people who have mental health issues or have experienced traumatic events.

The Job Prospects

The job prospects for psychologists vary depending on the specific field of psychology. According to the Bureau of Labor Statistics, employment of psychologists is projected to grow 3 percent from 2019 to 2029, which is slower than the average for all occupations.

However, the demand for psychologists may vary by specialty area. For example, job prospects may be higher for those who specialize in industrial-organizational psychology or school psychology.

The Salary Potential

The salary potential for psychologists also varies by specialty area and level of education. According to the Bureau of Labor Statistics, the median annual wage for psychologists was $80,370 in May 2020. The lowest 10 percent earned less than $45,380, and the highest 10 percent earned more than $137,590.


In conclusion, getting a psychology degree can be a worthwhile investment if you are passionate about helping others and have a strong interest in human behavior. It is important to consider the costs associated with pursuing a degree and the competitive job market before making a decision. With perseverance and dedication, however, a career in psychology can be rewarding both professionally and personally.