Median Earnings (1yr)
$36,492
87th percentile (40th in MA)
Median Debt
$26,435
4% above national median
Debt-to-Earnings
0.72
Manageable
Sample Size
152
Adequate data

Analysis

Salem State's psychology program outperforms most programs nationally but lands squarely in the middle of Massachusetts' competitive landscape. While graduates earn 16% more than the national median for psychology majors ($36,492 versus $31,482), they're earning right at the state median—placing them in the 40th percentile among Bay State psychology programs. This isn't surprising given the concentration of elite liberal arts colleges in Massachusetts, but it means your child will likely face tougher competition in the local job market than graduates at comparable schools in other states.

The financial picture is manageable but not remarkable. The debt-to-earnings ratio of 0.72 is reasonable for a liberal arts degree, and the $26,435 median debt sits below both national and state averages. Earnings growth is solid—a 24% jump to $45,094 by year four suggests graduates are finding their footing professionally. However, that four-year figure still trails what graduates from Bentley, Boston College, and several other Massachusetts schools earn right out of the gate.

For families seeking an affordable psychology degree without the pressure of selective admissions (96% acceptance rate), Salem State delivers decent value. Your child won't graduate with crushing debt, and their earnings will likely surpass most psychology majors nationally. Just understand that within Massachusetts, this is a middle-of-the-pack outcome—perfectly respectable, but not a standout investment if career earnings are the primary concern.

Where Salem State University Stands

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

Salem State 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 Salem State University graduates compare to all programs nationally

Salem State University graduates earn $36k, placing them in the 87th 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 Massachusetts

Psychology bachelors's programs at peer institutions in Massachusetts (52 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Salem State University$36,492$45,094$26,4350.72
Bentley University$62,218—$25,4940.41
Boston College$44,760$59,196$18,0000.40
Williams College$43,943$57,158$13,4160.31
Endicott College$43,646$50,853$27,0000.62
College of the Holy Cross$41,099$56,085$27,0000.66
National Median$31,482—$25,5000.81

Other Psychology Programs in Massachusetts

Compare tuition, earnings, and debt across Massachusetts schools

SchoolIn-State TuitionEarnings (1yr)Debt
Bentley University
Waltham
$58,150$62,218$25,494
Boston College
Chestnut Hill
$67,680$44,760$18,000
Williams College
Williamstown
$64,860$43,943$13,416
Endicott College
Beverly
$39,212$43,646$27,000
College of the Holy Cross
Worcester
$60,850$41,099$27,000

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 Salem State University, approximately 35% 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 152 graduates with reported earnings and 208 graduates with debt data. Small samples may not be representative.