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A lot of people say that unless you get your doctorate in psychology you make no money, is that true?

Im concerned that if I do not get my doctorate loans will catch up with me because I will not be making enough money. #psychology

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Paul A’s Answer

Hi Emily! I have a BA in Psychology and started out in Personnel/Human Relations evolved into sales, sales management, training (Leadership, Sales and Personal Growth), expanded that into Motivational Speaking and self employment as a Sales Training Consultant nationally. This evolved into business consulting (Organizational Development and Change, Recruiting, Talent/leadership identification and selection). This evolved into taking a 3 year coaching program at Coach University adding coaching to my skill set. I was paid well. Google training and development and life coaching and explore what comes up. Read Making The Impossible Possible by William Strickland. The best!

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Will’s Answer

Not true. Alan Sugar left school at 16. John Major achieved 2 GCSEs. They both have done extremely well.
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Breanna’s Answer

It's true that doctorate level psychologists charge more and make more money. But that's not to say you won't make money if you're a master's level clinician.

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Linda Ann’s Answer

Mr. Coulter's response was a great one. Have you explored all of the options for folks with just a B.A. or B.S. in psychology? There are a number of websites that show possible jobs - do a google search of those webiste. Check out the following webpage for some ideas (it's a jobs website): http://www.indeed.com/q-Bachelors-Degree-Psychology-jobs.html Have a discussion with your advisor at college as well. Find some internships at local companies or non-profits which is one way to find a full-time position. As the old saying goes: "do what you love and the money will follow" (if you're good at what you do). Check out positions with local/state/federal government as well. The job site for the federal government is: www.usajobs.com.


Getting a doctorate may entail even more debt than you are currently carrying. Getting a doctorate does not mean that you will be making a lot of money, either. The behavioral and social sciences are not paid as well as many other professions, e.g., business.


Good luck with the completion of your degree.

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