Master’s Degree in Psychology
A master’s degree in psychology is intended mainly for those who are interested in pursuing a career in practice (working with people) rather than research. Unfortunately, you can’t do much career-wise with only a bachelor’s degree in psychology. Essentially, you need some sort of graduate education to get a job in a psychology-related field. A master’s education in psychology is the simplest form of graduate education you can receive, and will take you only a couple years to complete. It will cost you approximately 6000 dollars per semester (in state) or 15,000 dollars per semester (out of state), so keep that in mind as you are calculating your total cost of attendance, although actual costs will vary from program to program. Also keep in mind that you’ll have to pay out-of-pocket for these costs (either through loans or other funds). Sometimes you might be able to get a teaching assistantship or some other similar means of funding, however these awards are often given with preference to doctoral students. If your interest is more in research, a PhD probably makes a lot more sense. Not only are you given a tuition-waiver but also a stipend (at most programs). However, the trade-off is that it will take 5-6 years. If you’re interested in practice, but still want a doctoral degree, you might consider a PsyD degree.
As someone who is interested in research, the PhD track makes a lot of sense for someone like me (so I’m a bit biased toward that). However, a master’s degree in psychology can be ideal depending on your circumstances. If you’re interested in getting into the workplace quickly with a practice-focused career in a field related to psychology, then a master’s degree may be especially well-suited for your interests.