Is a Bachelor’s Degree in Psychology Worth it?

Psychology is the study of people's behavior, performance, and mental operations. Read this article to know if it is worth to take up bachelor's degree in Psychology.

Updated by Tanisha Alex on 30th April 2020

Before you make the decision to pursue a degree in psychology, it would be prudent to determine the career opportunities and the basic possibility of being employed at a good wage rate.  The price of tuition continues to rise, and today’s students need to choose a serious major that's definitely worth the value and a career that will serve them to overflow the long course of their skilled careers. The great news for science students is that their pursuit continues to be a worthy one in today’s world. Psychologists create healthy pay in the slightest degree expertise levels, and also the profession itself is growing at a stable rate that matches the rate of the economy. 

An Overview of Psychology

Psychology is the study of people's behavior, performance, and mental operations. It also refers to the application of the knowledge, which can be used to understand events, treat mental health issues, and improve education, employment, and relationships. There are sub-areas of psychology, including:

  • Sports

  • Education

  • Business

  • Media

  • Physical conditions

  • Human development

The subject involves other areas of study, including humanities, natural sciences, and the social sciences.

Is a Degree in Psychology Worth It?

In all honesty, the value of a degree in psychology is dependent on your tastes and interests. But the most significant thing about psychology as a field is that the more you study and pursue an advanced degree the greater your chances of securing a high paying job. In fact in fields like this the more experience and knowledge you possess the better it is for your employment prospects, as potential employers tend to favor those who are more advanced. The content areas in the undergraduate psychology major build on these basic scientific skills. The standards that accredited undergraduate programs adhere to ensure that students complete requirements that give them exposure to the major substantive areas, from neuroscience to social psychology. 

What are the educational options and requirements?

Before you make your decision regarding whether to pursue a psychology degree it would be prudent to have all the information regarding what you must fulfill in order to pursue it. 

Bachelor’s degrees in psychology

A bachelor’s level degree can give students a good starting point to excel in a number of different industries. However, if you wish to practice psychology as an independent therapist or become a psychologist, a graduate-level degree is required for licensing. Common careers that you may wish to pursue after graduation from a bachelor’s level program include:

  • Case management

  • School counseling

  • Career and admissions counseling

  • Human and social services

  • Psychiatric technician

  • Education specialist

Graduate degrees in psychology

it is essential to look into a graduate degree program in Psychology. After completion of your bachelor’s degree, a master’s degree in Psychology is the next step. Some students also go on to receive their doctorate degree within a specialized psychology field. Careers that are available with a graduate degree in Psychology include the following:

  • Social service manager

  • Licensed clinical therapist

  • Drug and alcohol counselor

  • Researcher

  • Psychologist

Potential career opportunities

There are a variety of career opportunities for any aspiring candidate that wishes to pursue a degree in psychology. But as we stated before the level of employment is very much proportional to how experienced you are and how many advanced degrees you have pursued. 

Clinician

Substance Abuse Counselor 

Psychiatric Technician

HR Personnel

Marriage and Family Therapist 

Experimental Psychologist

Forensic Psychologist  

Sports Psychologist

School Counselors

Educational Psychologists 

Psychiatrists 

Clinical Psychologists 

Earning potential

According to the Bureau of Labor Statistics, the median annual wage for a clinical psychologist is approximately $66,000 a year. For those working in private practice, the wage is even higher – $68,500 a year. The middle 50% of all clinical psychologists make between $48,000 and $84,000 a year.

Job Role

Average Annual Income

Psychometrist

$10,000 to $20,000. 

Substance abuse  Counselor

$25,000 to $40,000 

Psychiatric Technician

$22,000 to $47,000.

Human Resource Personnel

$10,000 to $30,000.

Marriage and Family  Therapist

$40,000 to $100,000.

Experimental Psychologists

$30,000 to $75,000

Forensic Psychologists

$45,000 to $75,000.

Sports Psychologist

$40,000 to $70,000

School Counselors

$50,000 

Educational Psychologists

$66,000 to $108,000

Conclusion

Is a degree in psychology worth your time and money? Of course Yes, if you are interested in the subjects involved in this degree. We would like to give a few takeaway points which might be useful to you.

  • It is a great opportunity to gain an enormous amount of knowledge along with earning according to your potential. 
  • It is considered to be an important aspect in today’s world and also, the career growth is increasing every year. 
  • It gives you a balance between the money you instill in studies and the knowledge you gain to have a job with a satisfying salary for the education you have had.

It is better to analyze the subjects involved in the degree or major and then decide for yourself if this degree is worth your efforts.