All-Round Benefits of Pursuing a Career in Psychology

Updated on December 17, 2020

Photo credit: Depositphotos

As you well know, psychology is a scientific study of thought and behavior. While humans must be curious as to why people think, feel, and act the way they do, you may be wondering if it is worth spending many years of your life earning a degree in psychology.

The answer to this question is simple – Yes, there are many advantages to pursuing a career in psychology. A degree in psychology can provide you with operational skills and prepare you for an exciting and high paying career. 

When you become a part of this professional, you will have an opportunity to help others and overcome their problems. The knowledge you develop from studying psychology can even help you to cope up with any tough situation in your personal life or the life of your loved ones.

In this article, we will not only discuss the obvious benefits of studying psychology but also the hidden advantages you get when you pursue a career in psychology, read on.

You Have Multiple Career Choices

Being a psychologist is not the only career option for a psychology student. When you finish your degree in psychology a door to myriad opportunities opens for you. After learning the most important skill of all – understanding how people think and why they behave in certain ways is a valuable skill in many occupations and industries all around the world.

You can choose a career in education, sales, and business administration. These are some of the most common professions in which a student with a psychology degree can pursue their career. 

This brings us to our next question – what makes a psychology degree so versatile? After you finish graduating in psychology, you develop several skills such as problem-solving, evaluating complicated data, researching, and so on. These are valuable skills that can be applied in any industry you want to become a part of. It is no coincidence that many psychology graduates use their education to prepare for a wide variety of careers outside the field of psychology.

Business Possibilities

With a psychology background, one can be prepared for careers in industries that range from the sciences to the humanities and everything that comes in between. However, one disciple that finds the knowledge of psychology even more useful is business. Every business needs to make decisions about human resources, depending on their behavior.

To invent a product or service that will perform well in the market, business professionals first need to understand what their customers want. To generate revenue off of the product or service, they need to understand at what price a customer is willing to pay. Anyone with a knowledge of the human mind can make these decisions more efficiently and expertly. 

You, Will, Be a High Earner

Money is one of the most essential factors in our lives and the high salary potential of earning a psychology degree is without a doubt a plus point of this educational path. A psychologist earns an average salary of $72,580 per annum as per the statistics of BLS. however, many psychologists earn even more as a result of their specialty in this field.  

Another factor that can affect your earnings with a degree in psychology is your employer. Psychologists who work at a hospital, instead of a school or an outpatient mental health practitioner’s office, earn $81,000 annually on average. And if you use your degree in psychology to get a job within the government, your average salary rises to $90,000 per annum.  

Be Your Own Boss

Have you ever thought of being an entrepreneur? With a psychology degree, your dream of self-employment can become a reality. US Bureau of labor statistics (BLS) reports that almost one-third of psychologists are self-employed. Some of these professionals are working as businessmen, counselors, and other important occupations in society.   

That said, being an entrepreneur is not an easy job. However, with a background in psychology, you have all the skills necessary for your success. The skills you have developed in your time being a psychology student, such as data analysis, how to interact with different people will greatly benefit your business efforts. 

The Bottom-Line

A degree in psychology opens a world of hidden opportunities for you. It provides you with personal growth and the chance to help others and make their lives better. With time the possibilities of your growth only increase in number. So, if you want to become a success in life while you help others, psychology is the field of education that can help you with this goal. 

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