Psychology, like most social science degrees, includes a wide range of professional opportunities that are not confined to the study of psychology itself. Many of the 100,000 psychology graduates each year go on to work in healthcare, business, education, human resources, and marketing.

A psychology degree alone will not qualify you for a psychology job, since you will almost certainly need to major in it later. So, how valuable is a psychology degree in general?          

What Is the Value of a Psychology Degree?

Psychology has grown in popularity as a major during the last 15 years or so. However, only around 60% of people who complete an undergraduate degree in psychology go on to work in that area. Of course, this number rises for individuals who choose to pursue a master’s degree in psychology.

In terms of people with a psychology degree who are presently working, satisfaction ratings are relatively good. A psychology degree may not get you a high-paying job right away, but it may over time.

The Labor Market

Individuals sometimes mistakenly assume that career opportunities associated with psychology degrees are confined to psychology-related occupations; however, this is not the case.

A bachelor’s degree in psychology is insufficient for many careers that are only remotely linked to psychology, such as social work, school counseling, and mental health counseling. You will need to earn a master’s degree.

There are, however, several possibilities for people who merely want to complete an undergraduate degree. These include a wide range of occupations that have nothing to do with psychology, such as business, education, healthcare, and non-profit social work. With a psychology undergraduate degree, you may easily enter any of these job fields.

What’s Included in a Psychology Degree? 

Psychology degrees focus on the study of human behavior via theory and research methodologies.

There are two kinds of psychology undergraduates: A Bachelor of Science in psychology entails more quantitative research. A bachelor’s degree in psychology, on the other hand, takes a more social science-oriented approach to the subject, with more theory-based content.

Obtaining a Master’s Degree in Psychology

As previously said, if you wish to work in psychology, you will almost certainly need to first obtain a master’s degree in the discipline. With a master’s degree, your work opportunities double tenfold, and you may pursue careers such as a family therapist, counselor, or survey researcher.

If you’re looking for a higher-paying job, a psychology master’s degree might lead to $79,010 in compensation as a clinical psychologist.

Finally, consider the following:

Psychology degrees are a wonderful undergraduate degree choice for students who want to pursue a variety of job routes since they may lead to a variety of opportunities.