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
Earnings Distribution
How Salem State 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 |
|---|---|---|---|
| Salem State University | $36,492 | $45,094 | +24% |
| Boston College | $44,760 | $59,196 | +32% |
| Williams College | $43,943 | $57,158 | +30% |
| College of the Holy Cross | $41,099 | $56,085 | +36% |
| University of Massachusetts-Amherst | $32,223 | $53,442 | +66% |
Compare to Similar Programs in Massachusetts
Psychology bachelors's programs at peer institutions in Massachusetts (52 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $11,978 | $36,492 | $45,094 | $26,435 | 0.72 | |
| $58,150 | $62,218 | — | $25,494 | 0.41 | |
| $67,680 | $44,760 | $59,196 | $18,000 | 0.40 | |
| $64,860 | $43,943 | $57,158 | $13,416 | 0.31 | |
| $39,212 | $43,646 | $50,853 | $27,000 | 0.62 | |
| $60,850 | $41,099 | $56,085 | $27,000 | 0.66 | |
| 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 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.