Levels of education will almost always yield greater

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levels of education will almost always yield greater financial rewards over the course of a career (Carnevale, 2016). Among early career psychologists, clinical neuropsychologists reported the highest median first year salary of $72,500, followed by clinical child psychologists ($65.850), and clinical psychologists and industrial/organizational psychologists (both $65,000) (Doran, Kraha, Marks, Ameen, & El-Ghoroury, 2016). Psychologists rank number seven (tied with medical scientists) among the top-paying occupations for those with doctoral degrees. The lifetime salary in 2009 dollars was $2,515,000 for graduate level psychologists, compared to the average lifetime salary for all doctoral occupations of $3,252,000 (Carnevale, Rose, & Cheah, 2011). Of course, earning potential should not be the only reason that individuals choose a major. Job satisfaction is another important consideration.
What kind of job satisfaction can you expect if you are working in a psychology field?
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P U R S U I N G A P S Y C H O L O G Y C A R E E R A-9 FIGURE 6 ±U.S.±Census:±Pathways±After±a±Bachelor’s±Degree±in±Psychology± (Data from U.S. Census Bureau, 2012.) 01_MEY_18839_p001-022.indd 9 10/24/17 3:46 PM
A-10 P U R S U I N G A P S Y C H O L O G Y C A R E E R POSTGRADUATE DEGREES Why should you consider attending graduate school in psychology? If you choose to earn a graduate degree in psychology, you will be in good company. About 45 percent of those with a bachelor’s degree in psychology or social work go on to graduate school (Carnevale, Cheah, & Hanson, 2015). Those with graduate degrees in psychology earn 33 percent more, on average, than psychology majors with only a bachelor’s degree (“By the numbers,” 2016). In addition to a higher salary and strong job satisfaction, a graduate degree in psychology will give you proficiency in an area of psychological specialization and increased opportunities to work in diverse areas of psy-

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