I am not exactly sure what I will be doing with my degree after grad school, but I was wondering how competitive pay would be when I finish. Just want to have some peace of mind to know I'm not wasting my money going to grad school.
Psychology - 3 Answers
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1
you should know better if you study psychology ,that it doesn't matter what you do ,if you do it well and get to the top you will fix your own salary
2
Any type of education is argued to be an investment, and its dividends are not necessarily financial ones. You have a lot more lattitude in choosing employment with a Master's than an undergrad that will be in the field. Depending on the industry, you salary will differ. If you enter educational psychology, the pay would be a little less than if you entered the business sector as an HR specialist (given you do an MSc in I/O). Experience is seen as just as important, so while the starting salary may be modest, if you do your job well, you will see higher increases over time. I thing I always recommend to incoming Master's students: take multivariate statistics. This differentiates you from someone with an MA, and many employers look for performance measurement, implementing new programs and evaluating them, etc. It's worthwhile.
3
There are limited jobs you can get with a master's in psychology. Some states won't even license you for private practice. But mental health jobs pay by the job not by the degree, i.e. if a BA and MA are doing the same job, they get the same pay. You can get some salary information for different parts of the country here: www.salary.com
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