Rankings / Masters
Best Master's in Psychology
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Choosing the right master's program in psychology can significantly impact future earnings and career mobility. With many options available, prospective students are understandably focused on which schools offer the best outcomes. For instance, graduates from these top programs can earn as much as $124,080 annually, underscoring the value of a well-chosen path.
What sets apart the leading schools in this ranking is their strong graduate earnings, high completion rates, and manageable debt levels. These metrics reflect not just the quality of education but also the long-term financial health of graduates. As you explore the list below, consider how each school's data aligns with your own career goals and financial expectations.
Take Stanford University and CUNY Queens College as examples. Stanford boasts an impressive $124,080 in average earnings, alongside a graduation rate of 92%. In contrast, CUNY Queens College graduates earn significantly less at $62,763, with a much lower graduation rate of 56%. This stark difference highlights the importance of evaluating both financial returns and program completion when making your decision.
Key Findings
Stanford University's graduates earn an average of $124,080, the highest on this list.
CUNY Queens College has a graduation rate of just 56%, the lowest among the top 50 schools.
The average earnings across all ranked schools is $84,377, indicating a solid return on investment for psychology graduates.
Graduates from the University of Pennsylvania can expect an average debt of $15,715, which is manageable given their earnings potential.
Quick Numbers
How We Ranked
Master's programs ranked by graduate earnings, mobility, and program concentration in Psychology
Read our full methodology →Earnings vs. Cost
Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.
Graduation Rates
Longer bars = higher graduation rate.
Top 3
Stanford University
Stanford, CA
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CUNY Queens College
Queens, NY
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CUNY Hunter College
New York, NY
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Full Rankings
Stanford University
Stanford, CA · 7,554 students · Private nonprofit
CUNY Queens College
Queens, NY · 12,550 students · Public
CUNY Hunter College
New York, NY · 16,289 students · Public
Wellesley College
Wellesley, MA · 2,300 students · Private nonprofit
University of Chicago
Chicago, IL · 7,569 students · Private nonprofit
CUNY Brooklyn College
Brooklyn, NY · 10,543 students · Public
Colby College
Waterville, ME · 2,407 students · Private nonprofit
Harvard University
Cambridge, MA · 7,601 students · Private nonprofit
CUNY John Jay College of Criminal Justice
New York, NY · 11,590 students · Public
Cornell University
Ithaca, NY · 15,995 students · Private nonprofit
Washington University in St Louis
St. Louis, MO · 7,857 students · Private nonprofit
Duke University
Durham, NC · 6,442 students · Private nonprofit
Williams College
Williamstown, MA · 2,076 students · Private nonprofit
University of Pennsylvania
Philadelphia, PA · 10,650 students · Private nonprofit
Rice University
Houston, TX · 4,776 students · Private nonprofit
Vanderbilt University
Nashville, TN · 7,208 students · Private nonprofit
Brown University
Providence, RI · 7,226 students · Private nonprofit
Davidson College
Davidson, NC · 1,867 students · Private nonprofit
CUNY Bernard M Baruch College
New York, NY · 16,154 students · Public
Amherst College
Amherst, MA · 1,911 students · Private nonprofit
University of Florida
Gainesville, FL · 35,629 students · Public
Washington and Lee University
Lexington, VA · 1,881 students · Private nonprofit
Pomona College
Claremont, CA · 1,666 students · Private nonprofit
Northwestern University
Evanston, IL · 9,201 students · Private nonprofit
Haverford College
Haverford, PA · 1,430 students · Private nonprofit
Bowdoin College
Brunswick, ME · 1,873 students · Private nonprofit
Colgate University
Hamilton, NY · 3,180 students · Private nonprofit
Barnard College
New York, NY · 3,264 students · Private nonprofit
Bates College
Lewiston, ME · 1,760 students · Private nonprofit
Yale University
New Haven, CT · 6,758 students · Private nonprofit
Columbia University in the City of New York
New York, NY · 8,973 students · Private nonprofit
Dartmouth College
Hanover, NH · 4,541 students · Private nonprofit
Smith College
Northampton, MA · 2,544 students · Private nonprofit
Claremont McKenna College
Claremont, CA · 1,388 students · Private nonprofit
University of Central Florida
Orlando, FL · 59,146 students · Public
Bay Path University
Longmeadow, MA · 1,108 students · Private nonprofit
University of Mount Saint Vincent
Bronx, NY · 2,692 students · Private nonprofit
CUNY Lehman College
Bronx, NY · 10,696 students · Public
William & Mary
Williamsburg, VA · 7,055 students · Public
Wesleyan University
Middletown, CT · 3,067 students · Private nonprofit
Swarthmore College
Swarthmore, PA · 1,613 students · Private nonprofit
Florida International University
Miami, FL · 39,508 students · Public
Lafayette College
Easton, PA · 2,757 students · Private nonprofit
Boston College
Chestnut Hill, MA · 10,085 students · Private nonprofit
Binghamton University
Vestal, NY · 14,655 students · Public
Grinnell College
Grinnell, IA · 1,729 students · Private nonprofit
Carleton College
Northfield, MN · 2,086 students · Private nonprofit
Emory University
Atlanta, GA · 7,298 students · Private nonprofit
University of North Florida
Jacksonville, FL · 13,359 students · Public
Brigham Young University
Provo, UT · 32,952 students · Private nonprofit
Examining the data reveals a clear pattern: schools with the highest earnings also tend to have better graduation rates. For instance, Stanford University’s graduates earn an average of $124,080 and have a graduation rate of 92%. In contrast, CUNY Queens College graduates see earnings of only $62,763 with a graduation rate of 56%. This disparity emphasizes how important it is to consider both financial outcomes and completion rates when evaluating programs.
As you sift through this list of 50 schools, think about your own priorities. Are you willing to take on more debt for a higher earning potential? Or is a lower-cost option like CUNY Queens College more appealing despite its lower earnings? Reflect on location, program fit, and campus culture in addition to financial metrics. Make a checklist of what matters most to you to help guide your choice.
The journey from college to a stable life is complex and varies for each student. Families must weigh the data against their unique circumstances. For example, a student who values a high earning potential might prioritize schools like Stanford or the University of Pennsylvania, while another might choose CUNY Queens College for its affordability despite the trade-offs. Ultimately, the decision should be grounded in both data and personal values.
Data Sources
U.S. Dept of Education College Scorecard
Opportunity Insights Mobility Report Card
Social Capital Atlas
Times Higher Education World Rankings
NCES IPEDS
Sources & Citations
David Krug
Co-Founder, CollegeRanker
David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.
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