Median Earnings (1yr)
$36,890
50th percentile
Median Debt
$11,630
29% below national median
Debt-to-Earnings
0.32
Manageable
Sample Size
27
Limited data

Analysis

Northwestern's psychology bachelor's leads to surprisingly modest initial earnings—$36,890 puts it at the national median, though it ranks slightly better (60th percentile) among Illinois programs. For one of the nation's most selective universities (7% admission rate, 1526 average SAT), these starting salaries may catch families off guard.

The real story here is trajectory: earnings jump 61% by year four, reaching nearly $60,000. This growth pattern suggests many graduates pursue competitive positions that require time to land, or enter fields where Northwestern's prestige compounds over time. The $11,630 median debt is genuinely low—well below the national $16,472 median for psychology majors—and with a 0.32 debt-to-earnings ratio, graduates can manage repayment even during those leaner first years.

However, the small sample size (under 30 graduates) makes these numbers less reliable. This could mean Northwestern psychology grads scatter across diverse career paths, or that many pursue graduate school immediately, skewing the working graduate pool. For a family paying Northwestern's premium, this program is a longer-term bet: you're banking on the network and credential opening doors that fully materialize after year one, not on immediate post-graduation earnings that justify the investment.

Where Northwestern University Stands

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

Northwestern UniversityOther psychology programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Northwestern University graduates compare to all programs nationally

Northwestern University graduates earn $37k, placing them in the 50th percentile of all psychology bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Illinois

Psychology bachelors's programs at peer institutions in Illinois (4 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Northwestern University$36,890$59,494$11,6300.32
National Median$36,890—$16,4720.45

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 Northwestern University, approximately 19% 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 27 graduates with reported earnings and 28 graduates with debt data. Small samples may not be representative.