Analysis
University of Richmond psychology graduates start modestly at $36,309 but see robust 41% earnings growth by year four, reaching $51,312—a trajectory that outpaces 86% of psychology programs nationally. While the first-year salary lands at the 60th percentile among Virginia's 41 psychology programs, it's the momentum that tells the real story here. Richmond beats the state median by $4,000 initially and pulls further ahead over time, though it still trails the top Virginia programs like VMI and William & Mary.
The $25,500 median debt sits right at the national average for psychology programs, creating a debt-to-earnings ratio of 0.70 that's quite manageable. That's roughly seven months of first-year salary—reasonable given how much graduates' earning power increases. The small sample size (under 30 graduates) means individual outcomes could vary more than at larger programs, but the pattern suggests Richmond's liberal arts environment and alumni network help psychology graduates build careers that grow substantially beyond entry-level positions.
For parents weighing Richmond's selective admissions (23% acceptance rate) and private school costs, this data suggests psychology majors here achieve better-than-average outcomes despite not immediately landing at the top of Virginia's range. The strong earnings progression matters more than the starting point for a field where many graduates pursue graduate school or career pivots in their mid-twenties.
Where University of Richmond Stands
Earnings vs. debt across all psychology bachelors's programs nationally
Earnings Distribution
How University of Richmond 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 Richmond | $36,309 | $51,312 | +41% |
| Virginia Military Institute | $44,163 | $60,540 | +37% |
| University of Virginia-Main Campus | $36,121 | $60,347 | +67% |
| Marymount University | $33,277 | $52,616 | +58% |
| William & Mary | $36,818 | $51,232 | +39% |
Compare to Similar Programs in Virginia
Psychology bachelors's programs at peer institutions in Virginia (41 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,600 | $36,309 | $51,312 | $25,500 | 0.70 | |
| $20,484 | $44,163 | $60,540 | $19,250 | 0.44 | |
| $25,040 | $36,818 | $51,232 | $19,379 | 0.53 | |
| $13,815 | $36,326 | $48,517 | $21,000 | 0.58 | |
| $20,986 | $36,121 | $60,347 | $19,500 | 0.54 | |
| $48,002 | $35,967 | $45,649 | $27,000 | 0.75 | |
| 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 Richmond, 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.
Sample Size: Based on 25 graduates with reported earnings and 30 graduates with debt data. Small samples may not be representative.