Median Earnings (1yr)
$36,492
87th percentile
40th percentile in Massachusetts
Median Debt
$26,435
4% above national median

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

School1 Year4 YearsGrowth
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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SchoolIn-State TuitionEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Salem State UniversitySalem$11,978$36,492$45,094$26,4350.72
Bentley UniversityWaltham$58,150$62,218$25,4940.41
Boston CollegeChestnut Hill$67,680$44,760$59,196$18,0000.40
Williams CollegeWilliamstown$64,860$43,943$57,158$13,4160.31
Endicott CollegeBeverly$39,212$43,646$50,853$27,0000.62
College of the Holy CrossWorcester$60,850$41,099$56,085$27,0000.66
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 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.