Median Earnings (1yr)
$32,550
58th percentile
60th percentile in Virginia
Median Debt
$27,000
6% above national median

Analysis

Roanoke College psychology graduates see something unusual: their earnings jump 42% by year four, reaching $46,137—well above what most psychology majors earn at that stage. While the starting salary of $32,550 is modest, it outpaces both the national and Virginia medians, placing this program in the 60th percentile statewide.

The debt picture strengthens the case. At $27,000, graduates owe less than 80% of their first-year earnings and carry below-average debt compared to psychology programs nationally. This positions recent grads to manage payments while their income grows. However, even with strong earnings growth, four-year earnings still lag behind Virginia's top-performing programs like VMI and William & Mary by roughly $8,000-12,000. The moderate sample size (30-100 graduates) means individual outcomes vary, but the pattern suggests graduates find paths to better-compensated roles over time.

For families concerned about a psychology degree's return on investment, this program offers a relatively safe bet. The combination of manageable debt and solid earnings trajectory means your child won't face the financial strain common to many psychology graduates. The starting salary won't impress, but the growth curve and debt load make this a workable investment—especially if your student plans to pursue graduate school or career pivots that benefit from that four-year earnings momentum.

Where Roanoke College Stands

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

Earnings Distribution

How Roanoke College graduates compare to all programs nationally

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

School1 Year4 YearsGrowth
Roanoke College$32,550$46,137+42%
Virginia Military Institute$44,163$60,540+37%
University of Virginia-Main Campus$36,121$60,347+67%
Marymount University$33,277$52,616+58%
University of Richmond$36,309$51,312+41%

Compare to Similar Programs in Virginia

Psychology bachelors's programs at peer institutions in Virginia (41 total in state)

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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Roanoke CollegeSalem$36,774$32,550$46,137$27,0000.83
Virginia Military InstituteLexington$20,484$44,163$60,540$19,2500.44
William & MaryWilliamsburg$25,040$36,818$51,232$19,3790.53
George Mason UniversityFairfax$13,815$36,326$48,517$21,0000.58
University of RichmondUniversity of Richmond$62,600$36,309$51,312$25,5000.70
University of Virginia-Main CampusCharlottesville$20,986$36,121$60,347$19,5000.54
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 Roanoke College, approximately 24% 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 50 graduates with reported earnings and 70 graduates with debt data. Small samples may not be representative.