Analysis
A Mount Holyoke psychology degree carries an estimated $27,000 in debt against first-year earnings around $36,900—figures drawn from comparable Massachusetts programs. That 0.73 debt-to-earnings ratio is manageable but not exceptional, requiring roughly nine months of gross pay to clear the debt. What's trickier is the context: Mount Holyoke's 1422 average SAT and 38% admission rate suggest it enrolls stronger students than most state peers, yet the earnings estimates here reflect the typical Massachusetts psychology bachelor's graduate, not necessarily the outcomes these particular students achieve.
The four-year earnings figure of $45,000 provides some reassurance of income growth, though this appears to be actual reported data that offers firmer ground. Still, psychology graduates from other selective Massachusetts schools like Williams and Holy Cross are earning $42,000-$44,000 in their first year—numbers that exceed even the four-year estimate here. That gap matters when you're evaluating whether the Mount Holyoke premium is justified.
For families confident their child will pursue graduate training in psychology or a related field—where the Mount Holyoke credential and preparation may carry more weight—this could be a reasonable path. But if the bachelor's is the terminal degree, the estimated debt load looks harder to justify when peer programs are producing similar or better early outcomes, and when the broader psychology bachelor's market remains competitive and modest-paying.
Where Mount Holyoke College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Mount Holyoke College | — | $45,011 | — |
| Boston College | $44,760 | $59,196 | +32% |
| Williams College | $43,943 | $57,158 | +30% |
| College of the Holy Cross | $41,099 | $56,085 | +36% |
| University of Massachusetts-Amherst | $32,223 | $53,442 | +66% |
Compare to Similar Programs in Massachusetts
Psychology bachelors's programs at peer institutions in Massachusetts (52 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,142 | $36,873* | $45,011 | $27,000* | — | |
| $58,150 | $62,218* | — | $25,494* | 0.41 | |
| $67,680 | $44,760* | $59,196 | $18,000* | 0.40 | |
| $64,860 | $43,943* | $57,158 | $13,416* | 0.31 | |
| $39,212 | $43,646* | $50,853 | $27,000* | 0.62 | |
| $60,850 | $41,099* | $56,085 | $27,000* | 0.66 | |
| 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 Mount Holyoke College, 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.
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 33 similar programs in MA. Actual outcomes may vary.