Psychology Students’ Expectations Regarding Educational Requirements and Salary for Desired Careers

Abstract

This study investigated the accuracy of psychology majors’ expectations regarding careers. Psychology majors, including 101 women and 35 men (Mage = 23 years; standard deviationage = 6.25), indicated a desired career and estimated the level of education needed and the expected annual salary for the career. Students’ expectations were compared with Bureau of Labor Statistics data. Students completed the Career Decision-Making Self-Efficacy Scale Short Form to assess the career efficacy and expectations. Students overestimated education needed for a career, but salary estimates did not differ from market statistics. Students’ confidence in career choice and expected income was related to career efficacy. Results highlight the importance of career advising and support for psychology students entering the job market.