Analysis
Occidental's psychology program graduates earn $31,002 their first year—essentially matching the national median but performing in the 60th percentile within California, where psychology degrees typically yield lower returns. With $19,764 in median debt, graduates here borrow about $6,000 less than the typical California psychology student, creating a more manageable debt-to-earnings ratio of 0.64 compared to the national norm of 0.81.
However, the small sample size (under 30 graduates) means these numbers could shift significantly year to year. What's clear is that Occidental graduates carry less debt than peers at most other schools, likely reflecting the college's relatively strong financial aid despite its selective admissions profile. The real question is whether first-year earnings improve over time—psychology majors often need graduate degrees or several years of experience to see substantial income growth.
For families paying Occidental's private school costs, this represents a challenging value equation. Your child would be graduating with modest debt but starting earnings that trail the top California programs by $8,000-10,000 annually. If graduate school is likely (common for psychology), the undergraduate debt load matters more than the immediate salary. But if your student plans to work directly after graduation, you're looking at a financial picture that's manageable but not exceptional.
Where Occidental College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How Occidental College graduates compare to all programs nationally
Compare to Similar Programs in California
Psychology bachelors's programs at peer institutions in California (84 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $63,446 | $31,002 | — | $19,764 | 0.64 | |
| $12,520 | $40,726 | $51,379 | $26,703 | 0.66 | |
| $20,844 | $39,596 | — | $40,645 | 1.03 | |
| $59,241 | $38,587 | $58,545 | $17,667 | 0.46 | |
| $13,160 | $38,524 | $36,510 | $43,875 | 1.14 | |
| $13,320 | $38,523 | $54,307 | $31,250 | 0.81 | |
| 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 Occidental College, approximately 16% 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 21 graduates with reported earnings and 32 graduates with debt data. Small samples may not be representative.