Analysis
Oakland University's psychology program starts graduates at below-average earnings ($28,026) but shows something many bachelor's psychology programs don't: meaningful income growth. By year four, graduates reach $41,537โa 48% increase that transforms this from a weak early earner into a competitive mid-career option. While starting salaries trail the Michigan median by $2,000 and rank in just the 40th percentile statewide, this growth trajectory matters for parents worried about long-term prospects.
The debt picture reinforces the value story here. At $24,510, graduates carry less debt than the typical Michigan psychology student ($27,000) and face a manageable 0.87 debt-to-earnings ratio even in that challenging first year. By year four, when many psychology graduates are still earning in the low $30,000s, Oakland graduates are crossing $40,000โa threshold that makes the initial investment much easier to justify.
The practical takeaway: This program requires patience but delivers results. Your child will likely face a tight first year financially, possibly living at home or working multiple jobs. But the strong earnings progression suggests Oakland's psychology degree opens doors beyond entry-level retail or customer service work where many bachelor's psychology graduates get stuck. For families who can weather that initial period, the combination of controlled debt and genuine income growth makes this a defensible choice among Michigan's psychology programs.
Where Oakland University Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Oakland University 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 |
|---|---|---|---|
| Oakland University | $28,026 | $41,537 | +48% |
| Rochester University | $33,375 | $47,992 | +44% |
| Michigan State University | $30,164 | $47,242 | +57% |
| Saginaw Valley State University | $30,092 | $46,870 | +56% |
| Wayne State University | $29,255 | $45,540 | +56% |
Compare to Similar Programs in Michigan
Psychology bachelors's programs at peer institutions in Michigan (36 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,694 | $28,026 | $41,537 | $24,510 | 0.87 | |
| $32,580 | $35,492 | $36,705 | $26,000 | 0.73 | |
| $29,100 | $34,505 | $33,591 | $37,854 | 1.10 | |
| $27,938 | $33,375 | $47,992 | $29,687 | 0.89 | |
| $12,810 | $32,913 | $34,935 | $41,688 | 1.27 | |
| $14,944 | $31,803 | $40,707 | $27,977 | 0.88 | |
| National Median | โ | $31,482 | โ | $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 Oakland University, approximately 30% 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 156 graduates with reported earnings and 232 graduates with debt data. Small samples may not be representative.