Is It Worth It to Get a Masters in Clinical Psychology?


Martha Robinson

If you’re considering a career in psychology, you may have heard that a master’s degree in clinical psychology is the next step to take. But is it worth it to get a master’s in clinical psychology? Let’s explore the benefits and drawbacks of pursuing this degree.

Benefits of getting a Masters in Clinical Psychology

  • Increased earning potential: According to the Bureau of Labor Statistics, those with a master’s degree in psychology earn a median salary of $70,700 compared to $50,000 for those with just a bachelor’s degree.
  • Specialized knowledge: A master’s degree program in clinical psychology provides more specialized knowledge and skills than what is offered at the undergraduate level. This includes courses on assessment and treatment techniques for various mental health disorders.
  • Career advancement: With a master’s degree, you may be eligible for higher-level positions within mental health clinics or hospitals.
  • Licensure eligibility: In most states, a master’s degree is required to become licensed as a clinical psychologist.

Drawbacks of getting a Masters in Clinical Psychology

  • Cost: Pursuing a master’s degree can be expensive and may require taking out student loans.
  • Limited job opportunities: While there are some positions available for those with a master’s degree in clinical psychology, there may not be as many job opportunities as there are for those with doctoral degrees.
  • No independent practice: In most states, those with only a master’s degree are not eligible to open their own private practice. They must work under the supervision of someone who holds at least a doctoral degree.
  • Competition: As the field of psychology grows more competitive, having only a master’s degree may not be enough to stand out in a pool of job applicants.

Is it worth it?

Ultimately, whether or not getting a master’s degree in clinical psychology is worth it depends on your personal goals and career aspirations. If you are passionate about helping others and want to specialize in treating mental health disorders, pursuing a master’s degree may be the right choice for you. However, if you are seeking a more lucrative career with greater autonomy and potential for advancement, pursuing a doctoral degree may be necessary.

Final Thoughts

A master’s degree in clinical psychology can open up opportunities for those interested in working in mental health clinics or hospitals. It can also provide specialized knowledge and skills that are not available at the undergraduate level.

However, pursuing this degree comes with its own set of challenges including cost, competition, and limited job opportunities. Ultimately, it is up to each individual to weigh the pros and cons and decide if getting a master’s in clinical psychology is worth it for their career goals.