Median Earnings (1yr)
$37,563
94th percentile
80th percentile in Tennessee
Median Debt
$24,589
4% below national median

Analysis

Rhodes College psychology graduates face a challenge common to the major—modest starting pay—but they navigate it better than most. At $37,563, first-year earnings sit in the 94th percentile nationally and 80th percentile in Tennessee, essentially matching what Vanderbilt psychology grads earn. That's a meaningful advantage in a field where the national median hovers around $31,500. Four years out, earnings jump 42% to over $53,000, suggesting graduates are successfully moving into higher-paying roles that value liberal arts training beyond entry-level positions.

The debt load of roughly $25,000 is manageable, creating a first-year ratio of 0.65—well below the concerning 1.0 threshold. Compared to other Tennessee psychology programs charging similar amounts, Rhodes delivers superior outcomes. However, these figures come from a small sample (under 30 graduates), so individual results will vary more than at larger programs. The 15% Pell Grant population also suggests this data may not reflect outcomes for students with fewer financial resources.

For families who can afford Rhodes' private school tuition and see value in a selective liberal arts environment, the psychology program holds up well against alternatives. Just understand you're betting on the long-term career flexibility that comes from a strong institutional brand rather than immediate high earnings—a trade-off that appears to be working for recent graduates.

Where Rhodes College Stands

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

Earnings Distribution

How Rhodes College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Rhodes College$37,563$53,414+42%
Vanderbilt University$36,716$54,652+49%
The University of the South$35,379$45,835+30%
The University of Tennessee-Chattanooga$30,984$39,041+26%
Tennessee State University$30,735$38,799+26%

Compare to Similar Programs in Tennessee

Psychology bachelors's programs at peer institutions in Tennessee (34 total in state)

Scroll to see more →

SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Rhodes CollegeMemphis$54,892$37,563$53,414$24,5890.65
Trevecca Nazarene UniversityNashville$29,790$37,019$21,3750.58
Vanderbilt UniversityNashville$63,946$36,716$54,652$11,2090.31
The University of the SouthSewanee$53,698$35,379$45,835$17,1480.48
Middle Tennessee State UniversityMurfreesboro$9,506$32,433$35,287$22,0000.68
University of MemphisMemphis$10,344$31,582$38,074$27,0000.85
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 Rhodes College, approximately 15% 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 18 graduates with reported earnings and 24 graduates with debt data. Small samples may not be representative.