Analysis
IU-Bloomington's psychology program delivers something unusual for this field: meaningful earnings growth after graduation. While the starting salary of $33,810 sits modestly above both national and state medians, graduates see their income jump 41% by year four—reaching $47,627. That trajectory matters more than the initial number, especially since psychology majors often need time to find their footing in fields like HR, social services, or research.
The debt picture adds to the appeal. At $20,864, graduates borrow roughly $5,000 less than both state and national medians, creating a manageable 0.62 debt-to-earnings ratio. Among Indiana's 44 psychology programs, this ranks in the 60th percentile for earnings—solid but not spectacular. Schools like Trine and Indiana Tech post higher starting salaries, but their students also typically carry heavier debt loads.
For a family weighing options, this program offers a relatively safe bet: reasonable borrowing at a respected institution with an 80% admission rate, combined with earnings that actually improve significantly post-graduation. The trade-off is accepting a slower start than pre-professional degrees, which makes this most sensible for students genuinely committed to psychology-related fields rather than those treating it as a default major.
Where Indiana University-Bloomington Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Indiana University-Bloomington graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Indiana University-Bloomington | $33,810 | $47,627 | +41% |
| University of Indianapolis | $32,237 | $56,992 | +77% |
| Taylor University | $30,311 | $53,764 | +77% |
| Saint Mary's College | $32,213 | $47,897 | +49% |
| Indiana University-South Bend | $32,143 | $44,088 | +37% |
Compare to Similar Programs in Indiana
Psychology bachelors's programs at peer institutions in Indiana (44 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $11,790 | $33,810 | $47,627 | $20,864 | 0.62 | |
| $35,600 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $9,576 | $37,096 | $39,713 | $27,000 | 0.73 | |
| $30,446 | $36,111 | — | $33,611 | 0.93 | |
| $9,900 | $36,111 | — | $33,611 | 0.93 | |
| $9,992 | $35,742 | $37,358 | $27,000 | 0.76 | |
| 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 Indiana University-Bloomington, approximately 17% 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.