Analysis
Based on comparable psychology programs in South Dakota, Dakota Wesleyan graduates can expect to earn around $35,425 in their first year—right at the state median and notably above the $31,482 national benchmark. With an estimated $26,717 in debt, the 0.75 debt-to-earnings ratio suggests graduates would dedicate about nine months of their first-year salary to paying off loans, which falls within a manageable range for a bachelor's degree. However, these figures come from peer institutions rather than Dakota Wesleyan's own outcomes, so there's inherent uncertainty in projecting returns.
The South Dakota psychology market shows meaningful variation, with programs like Augustana University producing graduates earning $39,000+ while others lag closer to $27,000. Where Dakota Wesleyan actually lands within this $12,000 spread matters considerably for your child's financial trajectory. Psychology bachelor's degrees typically serve as stepping stones to graduate school or entry-level roles in social services, education, or business—fields where geographic location and specific career path strongly influence earning potential.
For families weighing this investment, the estimated numbers suggest neither a standout opportunity nor a red flag. The practical question is whether your child plans to pursue graduate education (where psychology often leads) and whether they have ties to South Dakota's smaller job market. The absence of school-specific data means you're essentially betting on Dakota Wesleyan performing like the average South Dakota psychology program—a reasonable assumption, but one worth verifying through conversations with current students and recent alumni about actual job placements.
Where Dakota Wesleyan University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Compare to Similar Programs in South Dakota
Psychology bachelors's programs at peer institutions in South Dakota (8 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $32,890 | $35,425* | — | $26,717* | — | |
| $39,190 | $39,098* | $44,332 | $27,000* | 0.69 | |
| $9,000 | $35,996* | $31,808 | $27,187* | 0.76 | |
| $9,299 | $35,425* | $42,502 | $25,608* | 0.72 | |
| $9,432 | $31,696* | $47,040 | $24,593* | 0.78 | |
| $20,740 | $27,241* | $35,901 | $24,856* | 0.91 | |
| National Median | — | $31,482* | — | $25,500* | 0.81 |
Career Paths
Occupations commonly associated with psychology graduates
Industrial-Organizational Psychologists
Clinical and Counseling Psychologists
Psychologists, All Other
Neuropsychologists
Clinical Neuropsychologists
Psychology Teachers, Postsecondary
Managers, All Other
Loss Prevention Managers
Social Science Research Assistants
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 Dakota Wesleyan University, approximately 26% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 5 similar programs in SD. Actual outcomes may vary.