Median Earnings (1yr)
$31,166
47th percentile
60th percentile in Michigan
Median Debt
$27,000
6% above national median

Analysis

Central Michigan's psychology program outperforms 60% of Michigan psychology programs despite relatively modest starting salaries—a meaningful distinction in a state where many schools struggle to launch psychology graduates into sustainable careers. The $31,166 starting salary sits near national norms, but the 41% earnings jump to $43,964 by year four suggests graduates are successfully navigating the challenging early-career period that often stymies psychology majors.

The debt picture offers genuine relief: at $27,000, it matches the state average but sits well below the national median, creating a manageable 0.87 debt-to-earnings ratio that improves substantially as those four-year earnings materialize. This matters because psychology graduates frequently face extended graduate school decisions or competitive entry-level markets—lower debt preserves flexibility during those crucial years. While the program doesn't match the $35,000+ starting salaries at Spring Arbor or Cornerstone, the combination of below-average debt and strong earnings trajectory creates breathing room many psychology graduates lack.

For families weighing Central Michigan against higher-ranked alternatives, this represents a solid middle ground: you're not getting premium starting outcomes, but you're avoiding the debt trap that turns psychology degrees into financial albatrosses. The strong earnings growth suggests the CMU network and credential have staying power beyond that first modest paycheck.

Where Central Michigan University Stands

Earnings vs. debt across all psychology bachelors's programs nationally

Earnings Distribution

How Central Michigan University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Central Michigan University$31,166$43,964+41%
Rochester University$33,375$47,992+44%
Michigan State University$30,164$47,242+57%
Saginaw Valley State University$30,092$46,870+56%
Wayne State University$29,255$45,540+56%

Compare to Similar Programs in Michigan

Psychology bachelors's programs at peer institutions in Michigan (36 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Central Michigan UniversityMount Pleasant$14,190$31,166$43,964$27,0000.87
Spring Arbor UniversitySpring Arbor$32,580$35,492$36,705$26,0000.73
Cornerstone UniversityGrand Rapids$29,100$34,505$33,591$37,8541.10
Rochester UniversityRochester Hills$27,938$33,375$47,992$29,6870.89
Baker CollegeOwosso$12,810$32,913$34,935$41,6881.27
University of Michigan-DearbornDearborn$14,944$31,803$40,707$27,9770.88
National Median$31,482$25,5000.81

Career Paths

Occupations commonly associated with psychology graduates

Industrial-Organizational Psychologists

Apply principles of psychology to human resources, administration, management, sales, and marketing problems. Activities may include policy planning; employee testing and selection, training, and development; and organizational development and analysis. May work with management to organize the work setting to improve worker productivity.

$94,310/yrJobs growth:

Clinical and Counseling Psychologists

Assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

$94,310/yrJobs growth:

Psychologists, All Other

All psychologists not listed separately.

$94,310/yrJobs growth:

Neuropsychologists

Apply theories and principles of neuropsychology to evaluate and diagnose disorders of higher cerebral functioning, often in research and medical settings. Study the human brain and the effect of physiological states on human cognition and behavior. May formulate and administer programs of treatment.

$94,310/yrJobs growth:

Clinical Neuropsychologists

Assess and diagnose patients with neurobehavioral problems related to acquired or developmental disorders of the nervous system, such as neurodegenerative disorders, traumatic brain injury, seizure disorders, and learning disabilities. Recommend treatment after diagnosis, such as therapy, medication, or surgery. Assist with evaluation before and after neurosurgical procedures, such as deep brain stimulation.

$94,310/yrJobs growth:

Psychology Teachers, Postsecondary

Teach courses in psychology, such as child, clinical, and developmental psychology, and psychological counseling. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Managers, All Other

All managers not listed separately.

Loss Prevention Managers

Plan and direct policies, procedures, or systems to prevent the loss of assets. Determine risk exposure or potential liability, and develop risk control measures.

Social Science Research Assistants

Assist social scientists in laboratory, survey, and other social science research. May help prepare findings for publication and assist in laboratory analysis, quality control, or data management.

About This Data

Source: U.S. Department of Education College Scorecard (October 2025 release)

Population: Graduates who received federal financial aid (Title IV grants or loans). At Central Michigan University, approximately 31% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.

Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.

Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.

Sample Size: Based on 320 graduates with reported earnings and 495 graduates with debt data. Small samples may not be representative.