Estimating the Benefits and Costs of Your Choices
According to studies of graduates of bachelor-degree programs in psychology, entry-level positions tend to pay relatively little and may be relatively unsatisfying. Although the positions, pay, and reported job satisfaction of psychology majors tend to significantly improve many years after graduation, those who enter the workforce immediately upon graduation risk at least a few years of less-than-satisfactory employment (Landrum & Elison-Bowers, 2009; Rajecki & Borden, 2011).
Although graduate school can be a route to a better paying, more satisfying job and career, it is quite expensive. According to the APA (2003), a doctoral degree results in most students entering into debts worth $50,000 to $75,000 or even more. The median debt incurred for a master’s degree is approximately $25,000 (Kantrowitz, 2011).
Using your textbook, the Internet, and the Argosy University online library resources, research choices such as entering the workforce immediately upon graduation or enrolling in a graduate school. On the basis of your research, respond to the following:
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American Psychological Association. (2003). Frequently asked questions
Kantrowitz, M. (2011). Student loans. Retrieved from http://www.finaid.org/
Landrum, R. E., & Elison-Bowers, P. (2009). The post-baccalaureate
Rajecki, D. W., & Borden, V. M. H. (2011). Psychology degrees: