In a world where career choices are as diverse as the human mind, deciding on the right educational path is daunting. Among the diverse options, a degree in psychology stands out for its multifaceted nature and potential impact on individuals and society.
In practice, psychology serves as a foundational pillar for creating healthy, compassionate, and well-functioning societies. The field fosters empathy, societal awareness, diversity, and inclusivity.
However, more information is needed about the nuances and benefits of this impactful discipline. This comprehensive guide will attempt to answer the question: Is a psychology degree worth it in 2024?
What is psychology?
Psychology is the scientific study of the mind and behaviour. As a profession, it encompasses various components, including understanding cognitive processes, emotions, mental processes, social interactions, and behavioural characteristics of individuals or groups.
The field of psychology is multifaceted, with various subfields, like clinical psychology, cognitive psychology, developmental psychology, social psychology, and forensic psychology.
Psychologists methodically explore the intricacies of human behaviour and mental processes, aiming to enhance individual well-being and contribute to societal understanding.
They achieve this via scientific research to understand how humans learn, interpret events, and make decisions. They then translate these insights into techniques to help individuals make healthier choices.
Is it worth getting a Bachelor’s Degree in Psychology?
Psychology is a guiding force in shaping societies to prioritise mental health and positive interpersonal relationships. Furthermore, it facilitates individuals to thrive emotionally, socially, and cognitively. However, it has other notable merits as a career.
Earn a good income
A bachelor's degree in psychology is a sound investment with the potential for a rewarding financial return. According to SalaryExpert, the average annual wage for clinical psychologists in Malaysia is RM122,267.
Sectors like industrial organisational psychology, forensic psychology, and psychiatry, all of which psychology graduates can choose to pursue, also pay well.
Opens doors to different career paths
A psychology degree offers versatility in career choices. Graduates may find opportunities in counselling, human resources, marketing, social work, and education.
Fortunately, the broad applicability of psychological principles allows individuals to explore diverse sectors and tailor their careers to align with personal interests and goals.
Great job outlook
The demand for psychologists is expected to grow, presenting a favourable job outlook for psychology degree holders. According to research by Dr Noor Hassline Mohamed (Universiti Malaysia Sabah), "There is currently a serious shortage of clinical psychologists where the ratio of a clinical psychologist is only 1:980,000."
Opportunity to specialise
Psychology is not a one-size-fits-all field. Pursuing a bachelor's degree allows students to explore areas like counselling, clinical, organisational, or forensic psychology. They can then choose their specialisation during their postgraduate studies.
Specialisation provides a deeper understanding of specific domains and can enhance career prospects in niche industries.
Gain insights into human behaviour
Studying psychology provides valuable insights into human behaviour, fostering a nuanced understanding of oneself and others. This self-awareness may contribute to personal growth and enrich professional and personal interpersonal relationships.
Moreover, it fosters empathy and effective communication, helping individuals navigate complex human relationships with sensitivity and understanding.
Psychology careers can be rewarding
Many careers in psychology involve making a positive impact on individuals' lives. Few professions have the same visible impact as psychology.
Whether working in clinical settings, schools, or corporate environments— psychology professionals often find intrinsic rewards in helping others overcome life’s challenges and achieve mental well-being.
Develop transferable skills
Psychology degrees cultivate a diverse set of transferable skills. Analytical thinking, effective communication, and problem-solving abilities are essential in various professional settings. Earning a psychology degree helps improve your adaptability and employability in various fields by providing you with transferable skills.
Develop research skills
Research is fundamental to psychology. Psychologists use the knowledge gained from research to develop evidence-based strategies that enhance people's lives.
A bachelor's programme in psychology equips students with comprehensive research skills— allowing them to evaluate information critically, design studies, interpret data, and contribute to the evolving body of psychological knowledge.
Increased marketability
A psychology degree increases your marketability by making you attractive to employers in various sectors. With a combination of analytical skills, empathy, and an understanding of human behaviour, psychology graduates are valuable assets in any workforce.
Pathway to graduate school
For those aspiring to advance their knowledge and career opportunities, a bachelor's degree in psychology serves as a solid foundation for pursuing postgraduate studies.
Whether aiming for a master's or doctoral programme— studying psychology opens doors to specialised and leadership roles in numerous fields.
How long does it take to complete a psychology degree?
The duration of completing a psychology degree varies based on several factors, including the degree level (whether it is an undergraduate or postgraduate programme), specialisations, and individual circumstances.
Nonetheless, a bachelor's degree in psychology usually takes about three years to complete. On the other hand, a master's degree in psychology typically takes about two years to complete.
How much does a psychology degree cost in Malaysia?
The cost of a psychology degree in Malaysia may vary depending on the institution and programme. Factors such as location, reputation, and facilities contribute to the overall cost.
So, prospective students should carefully consider tuition fees, living expenses, and potential financial aid options when assessing the affordability of pursuing a psychology degree.
How much does a psychology major earn?
The earning potential for psychology majors may vary based on experience, specialisation, and geographic location. According to SalaryExpert, the average annual wage for psychologists in Malaysia is RM117,267.
However, individual earnings may differ, and factors such as career path and industry may also influence salary levels.
Is psychology a respected degree in Malaysia?
Psychology is gaining recognition and respect in Malaysia as awareness of mental health issues grows. The importance of psychological well-being is increasingly acknowledged—contributing to the perceived value of psychology degrees.
As the field continues to evolve and address societal needs, respect for psychology as a discipline will likely grow.
What about a Master’s Degree in Psychology: Is it worth it?
A master's degree in psychology offers advanced knowledge, specialisation, and increased career opportunities. The benefits of pursuing a master's include a deeper understanding of psychological concepts, advanced research skills, and eligibility for specialised roles.
For those seeking leadership positions or specialising in areas such as clinical psychology or organisational psychology— a master's degree can be a valuable investment in career advancement.
Where to study psychology in Malaysia?
For those considering pursuing a psychology degree in Malaysia, the University of Nottingham Malaysia (UNM) offers a range of undergraduate and postgraduate courses:
Undergraduate courses:
Postgraduate courses:
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Psychology MRes, MPhil, PhD: This programme is tailored for those seeking advanced research skills and the opportunity to contribute to the field through doctoral studies.
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Management Psychology MSc: This master’s degree combines psychological principles with management expertise—preparing graduates for leadership roles in organisational settings.
How do I know if a psychology degree is right for me?
Determining if a psychology degree is the right fit involves reflecting on personal interests, career goals, and aptitudes. A psychology degree may align with your aspirations if you have a genuine curiosity about human behaviour and a desire to contribute to mental well-being.
Overall, exploring introductory psychology courses and extracurricular activities and seeking guidance from academic advisors may provide invaluable insights into whether psychology is the right field for you.
Conclusion
For the most part, a psychology degree in 2024 remains a valuable and versatile educational pursuit. Beyond its potential for a fulfilling career and financial rewards, the field offers a profound understanding of human behaviour and the opportunity to make a positive impact on individuals and society. Whether embarking on a bachelor's journey, considering graduate studies, or exploring diverse career paths— a psychology degree continues to be a relevant and worthwhile investment in personal and professional growth.
Explore the scholarships available for our foundation, undergraduate, and postgraduate courses. Also, remember to download our prospectus for detailed information about our programs!
This article aims to give an overview of Malaysia's education system for public understanding. However, it does not cover all aspects of the University of Nottingham Malaysia (UNM), so readers are encouraged to seek more information if necessary.
Posted on 29th February 2024