Median Earnings (1yr)
$30,164
39th percentile
60th percentile in Michigan
Median Debt
$25,250
1% below national median

Analysis

Michigan State's psychology program shows impressive earnings growth that sets it apart from typical bachelor's psychology outcomes. While graduates start at $30,164—slightly below the national average—their salaries jump 57% to $47,242 by year four, far outpacing the field's usual trajectory. This substantial growth suggests the program successfully prepares students for career advancement or graduate school pathways that lead to higher-paying positions.

The debt picture is reasonable at $25,250, creating a manageable debt-to-earnings ratio of 0.84 that's well within acceptable bounds. More importantly, Michigan State ranks in the 60th percentile among Michigan psychology programs despite charging less debt than the state median ($27,000), indicating solid value within the state. While the program doesn't crack the top tier of Michigan psychology schools initially, the strong earnings growth trajectory suggests graduates catch up over time.

For parents considering this investment, the key insight is that Michigan State psychology graduates experience unusually strong salary progression after that first year. The robust sample size gives confidence in these numbers, and the combination of reasonable debt with accelerating earnings creates a positive long-term financial outlook that many psychology programs simply don't deliver.

Where Michigan State University Stands

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

Earnings Distribution

How Michigan State University graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Michigan State University$30,164$47,242+57%
Rochester University$33,375$47,992+44%
Saginaw Valley State University$30,092$46,870+56%
Wayne State University$29,255$45,540+56%
Kalamazoo College$26,952$44,351+65%

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
Michigan State UniversityEast Lansing$15,988$30,164$47,242$25,2500.84
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 Michigan State University, approximately 20% 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 360 graduates with reported earnings and 489 graduates with debt data. Small samples may not be representative.