Analysis
Smith College's selective liberal arts environment ($27,000 estimated debt, 20% admission rate) produces psychology graduates whose trajectory differs notably from the typical BA psychology path. While comparable Massachusetts programs suggest first-year earnings around $37,000—already above the $31,500 national median—the real story emerges by year four, when earnings climb to $44,500. That's a 21% increase that puts Smith graduates near the top tier of Bay State psychology programs, just behind heavier pre-professional schools like Bentley.
The debt picture looks manageable at 0.73 times first-year income, meaning graduates earning at Massachusetts levels could theoretically pay off loans in under a year of dedicated repayment. This ratio improves substantially as earnings grow. However, Smith's high-achieving student body (1480 SAT average) might have commanded similar outcomes at programs with stronger initial earnings, like Bentley's $62,000 starting figure for psychology majors.
The four-year earnings data provides the clearest signal here: Smith graduates are finding their footing and advancing beyond entry-level roles. For families comfortable with the estimated $27,000 debt load and confident their student will leverage Smith's network and the college's reputation for graduate school preparation, the trajectory justifies the investment—just don't expect the immediate payoff that comes with more vocational tracks.
Where Smith College Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Smith College | — | $44,504 | — |
| 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)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $61,568 | $36,873* | $44,504 | $27,000* | — | |
| $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 Smith College, approximately 18% 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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 33 similar programs in MA. Actual outcomes may vary.