Analysis
The University of Minnesota-Twin Cities psychology program punches well above its weight nationally, ranking in the 85th percentile for graduate earnings—significantly outperforming most psychology programs across the country. With first-year graduates earning $36,294 compared to the national median of $31,482, this program delivers meaningfully higher returns than typical psychology degrees. The debt burden of $20,674 is also notably lower than both national and state averages, creating a favorable debt-to-earnings ratio of 0.57.
Within Minnesota, the picture is more competitive but still solid. While the program ranks in the 60th percentile statewide and trails several smaller institutions like College of Saint Benedict and Metropolitan State, it holds its own among major research universities. The 35% earnings growth from year one to year four ($36,294 to $49,126) demonstrates strong career trajectory potential, suggesting graduates successfully leverage their U of M credentials over time.
For parents concerned about psychology's reputation for weak job prospects, this data tells a different story. The combination of above-average starting salaries, manageable debt, and strong earnings growth makes this a relatively safe bet within the field. The robust sample size adds confidence to these numbers, and the university's strong overall reputation likely contributes to graduate success in Minnesota's job market.
Where University of Minnesota-Twin Cities Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How University of Minnesota-Twin Cities 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 |
|---|---|---|---|
| University of Minnesota-Twin Cities | $36,294 | $49,126 | +35% |
| Gustavus Adolphus College | $33,174 | $53,981 | +63% |
| University of St Thomas | $38,396 | $51,174 | +33% |
| The College of Saint Scholastica | $31,367 | $50,740 | +62% |
| Concordia University-Saint Paul | $36,243 | $49,552 | +37% |
Compare to Similar Programs in Minnesota
Psychology bachelors's programs at peer institutions in Minnesota (31 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $16,488 | $36,294 | $49,126 | $20,674 | 0.57 | |
| $53,884 | $41,029 | $45,302 | $27,000 | 0.66 | |
| $9,780 | $40,958 | $44,425 | $30,155 | 0.74 | |
| $14,436 | $39,764 | $43,554 | $40,816 | 1.03 | |
| $14,318 | $38,543 | $45,061 | $24,225 | 0.63 | |
| $52,284 | $38,396 | $51,174 | $27,000 | 0.70 | |
| 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 University of Minnesota-Twin Cities, approximately 17% 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 474 graduates with reported earnings and 551 graduates with debt data. Small samples may not be representative.