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Is A Psychology Degree Worth It

by Dan Hughes
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Is A Psychology Degree Worth It

Is A Psychology Degree Worth It

When I was growing up in New York City, my parents wanted me to have every opportunity that other kids had. They worked hard and saved money so they could send me to college. And while their sacrifices were worth it, I think there are many ways that my education would’ve been better if they’d let me go to a less expensive public university instead of one of the most expensive private universities in the country. That said, I’m glad I went to NYU (New York University) because it gave me the skills that helped launch my career as an entrepreneur and freelance writer.
My point? College is not just about getting a good job; it’s also about developing your own unique set of skills. If you’re going to spend four years on campus, then make sure those years will help you achieve your goals. Here’s what we mean.
A Bachelor’s Degree Is Worth The Time Investment
If you ask any employer what they want from prospective employees, chances are pretty high that they’ll tell you “a Bachelor’s degree.” Why? Because employers know that students who earn a bachelor’s degree tend to do more work than those who don’t. In fact, according to a recent study conducted by CareerBuilder, 76% of hiring managers believe that students with a higher level of education are more likely to perform well at their jobs. This makes sense when you consider how much time goes into earning a bachelor’s degree. According to U.S. News & World Report, it typically takes 4-5 years to complete a bachelor’s degree program. At this rate, someone who wants to get a job right out of college might only have two options – drop out or take some classes part-time until he earns enough credits to finish his degree. However, if you decide to enroll in a full-time program, then you’re looking at another year and a half before you graduate.
Of course, the time you invest in receiving a bachelor’s degree won’t necessarily translate into dollars earned once you leave campus, but studies show that people who have earned bachelor’s degrees tend to receive bigger paychecks than those who haven’t. For example, a survey done by Salary.com found that men with bachelor’s degrees received $15,000 more per year than those without a degree. Another report showed that women with bachelor’s degrees made roughly $18,000 more annually than those without. While these figures may seem like a lot, keep in mind that these salaries represent the average earnings for all workers within each respective group. So if you put in extra effort to get your degree, you can expect to make more money over time.
In addition, a bachelor’s degree helps prepare you for future promotions and advancements. A recent Forbes article stated that companies often look for candidates with both undergraduate and graduate degrees because they know that such graduates possess superior problem solving abilities. As a result, earning a bachelor’s degree gives you the confidence to pursue other opportunities after graduation.
You Can Earn More Money Later On
Another way that earning a bachelor’s degree is beneficial is that you’ll eventually find yourself making more money than you otherwise would have. Consider this: a person with no degree usually receives a starting salary of around $25,000 per year. But a person with a bachelor’s degree can expect to make $35,000 per year, which is $10,000 more than the person without a degree! Not only does having a degree give you a leg up in your field, but it also allows you to charge more for your services later on.
According to a 2010 survey reported by PayScale, the typical entry-level salary for computer programmers is approximately $36,900 per year. By comparison, the same survey revealed that experienced software developers earn $83,300 per year on average. The difference between these two figures represents the value of experience. You may already realize that having a degree means you’ll start off stronger than someone who doesn’t have one. But even if you never become an expert developer, earning a degree still puts you ahead of others in your chosen field.
Having a degree also helps you land better jobs, especially in competitive fields where credentials matter. For instance, if you want to be a lawyer, then it’s important to note that lawyers with law degrees are paid more than those who simply have bachelor’s degrees. Even worse, lawyers without a legal degree are sometimes underpaid compared to their counterparts with a Juris Doctor degree.
Finally, earning a bachelor’s degree shows potential employers that you’re willing to commit to completing your education and becoming an expert in your field. When you demonstrate this type of initiative, you prove to potential employers that you’re committed to improving your knowledge and skill level. After all, employers aren’t always willing to hire someone who has little ambition.
Your Education Will Help You Succeed No Matter What Road You Take
One thing that everyone should understand is that the path you choose to follow probably isn’t set in stone. There are countless stories of individuals who made poor decisions during their youth and ended up regretting them later in life. Similarly, there are plenty of successful business executives who began working at McDonald’s when they were teenagers. Yet despite the fact that these stories exist, few people actually question whether or not it’s possible to earn a living through different avenues.
The truth is that regardless of what road you chose to travel down, earning a degree is a smart idea. Whether you elect to become a stay-at-home parent, trade school student, or corporate employee, a bachelor’s degree will help ensure that you succeed. Sure, the economy may be struggling now, but nothing says that it’ll improve in the near future. With that being said, it’s always wise to maintain a solid education, no matter what job you end up doing.
What kind of bachelor’s degree did you choose to earn? Do you think it’s necessary to earn a degree to succeed in today’s world? Share your thoughts below…

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