Psychology, General at Carleton College
MN · Bachelor's Degree · CIP 42.01
Executive Summary
Graduates with a Psychology, General degree from Carleton College earn a median salary of $57,902 within five years of graduation. Adjusted for the cost of living in MN, this represents a national purchasing power equivalent of $61,532. The degree typically pays for itself in 8.6 years.
Quick Insights
How this degree looks at a glance
A fast read on salary range, break-even speed, living-cost impact, and where bachelor's graduates from this school usually land.
Salary Ranges
Starting Range
$42,912
Typical Career
$57,902
Top Performers
$75,329
Estimated break-even: 8.6 years.
Debt-to-Income Check
$386
Estimated comfortable monthly loan payment
Typical monthly pay is approximately $4,825. Most students can comfortably afford about a $386 monthly loan payment with this degree.
Comparison Bench
This degree earns 1.5x more than the average US high school graduate and 0.7x more than the average college graduate.
Purchasing Power Context
A dollar in Minnesota buys what costs $0.94 nationally.
Industry Breadcrumbs
Top industries for bachelor's graduates from this school: Professional, Scientific & Technical Services, Educational Services, Health Care & Social Assistance.
Where Bachelor's Graduates from This School Work
Institution-wide industry mix for bachelor's graduates, 5 years after graduation. This is not major-specific. Source: Census PSEO Flows.
5-Year Median Salary — National Purchasing Power Equivalent
$61,532
Nominal: $57,902 in Minnesota (COL 94.1% of national avg) · 6.3% higher purchasing power
10-Year Earnings Curve
Break-Even Timeline
How long until cumulative earnings advantage exceeds total college investment (tuition + opportunity cost vs. entering workforce directly after high school).
Total Investment
$155,168
4yr tuition + 4yr opportunity cost
HS Graduate Baseline
$38,792/yr
BLS 2023 median, HS diploma
View Raw Data: Median Earnings by Year
| Timeframe | 25th Pct. | Median (50th) | 75th Pct. |
|---|---|---|---|
| 1 Year After Graduation | $27,132 | $38,756 | $54,827 |
| 5 Years After Graduation | $42,912 | $57,902 | $75,329 |
| 10 Years After Graduation | $63,157 | $80,289 | $111,605 |
Source: US Census Bureau Post-Secondary Employment Outcomes (PSEO), 2025 release. Earnings shown for Bachelor's degree graduates (all cohorts combined).
How We Calculate Purchasing Power
The median salary of $57,902 is reported by the US Census Bureau's Post-Secondary Employment Outcomes (PSEO) dataset for graduates working in MN, which has a cost-of-living index of 94.1% of the national average.
Formula: Adjusted Salary = Nominal × (1.0 ÷ COL Index)
= $57,902 × (1.0 ÷ 0.9410)
= $61,532 National Average equivalent.
COL index source: BLS Regional Consumer Price Index & MIT Living Wage Project, 2023. Full methodology →
Career Verdict
The top industries for Carleton College psychology graduates include Professional, Scientific & Technical Services (21.0%), Educational Services (19.5%), and Health Care & Social Assistance (10.7%). The estimated break-even point compared to a high-school-only path is approximately 8.6 years, suggesting that while the initial financial return may be modest, the long-term benefits of a psychology degree can offer a favorable return on investment as graduates advance in their careers.
AI-assisted editorial analysis based on Census PSEO data. Fact-checked against source data.
Compare with Another School
See how the Psychology, General degree at Carleton College stacks up against another institution side-by-side.
Data sources: US Census Bureau Post-Secondary Employment Outcomes (PSEO). Cost-of-living index: BLS Regional CPI & MIT Living Wage Project. Cost of attendance: IPEDS. For informational use only; data may be suppressed for small cohort sizes.