4 Major Benefits of a Psychology Degree

4 Key Benefits of a Psychology Degree

If the field of psychology is of interest to you, here are four benefits that could make getting your degree in psychology even more attractive.

1. Gain Highly Marketable Skills: According to the American Psychological Association, a psychology degree will equip you with skills highly desired in the workforce. These skills include the following:

  • Predict and understand the behavior of individuals and groups
  • Know how to use and interpret data
  • Gauge the legitimacy of claims about behavior
  • Understand how memory and learning function
  • Have insight into problematic behaviors
  • Show the capacity to adapt to change
  • Know and operate effectively throughout the channels of an organization
  • Supervise difficult situations and high-stress environments
  • Execute projects with limited information or experience
  • Demonstrate persistence in challenging circumstances

2. Work In A Rewarding Career Field: Psychology gives you the opportunity to change lives, improve relationships, and help families. According to the American Psychological Association, most graduates report college prepared them for the workforce and very few leave the field.

3. Above-average Salary: Psychologists earn a median annual wage of $75,230, with the lowest 10 percent earning $41,890 and the highest 10 percent earning $121,610. That is 48.7% higher than the national average for all occupations, which is $50,600. Salaries also vary by many factors including the field of psychology you choose to work within. For example, industrial-organizational psychologists salaries are almost $82,800; social scientists earn about $75,300; and clinical, counseling, and school psychologists are just over $72,000.

4. Strong Projected Job Growth: According to the Bureau of Labor Statistics, the demand for psychologists is projected to grow 14 percent from 2016 to 2026, which is faster than average compared to other careers, especially for those with a doctorate degree.

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