Nearly 50 percent of all psychology graduates at the baccalaureate level will seek a fulltime job immediately after they graduate. The good news is that of the psychology majors entering the labor force one year after graduation, 90 percent were employed. After two years, it was 94 percent.
The career of "psychologist" is not open to the BA or BS psychology graduate. American psychology has clearly made the decision that the doctorate and the master's degree in school psychology and often in industrial/organizational psychology is the entry level qualification. Therefore, we cannot honestly speak of the baccalaureate in psychology as preparation for a career in psychology. Similarly, a baccalaureate degree in political science does not qualify an individual to practice law, and a baccalaureate in biology does not make one a physician. When the bachelor's degree preparation does not prepare one for a specific career, the major is referred to as an unfocussed major. In contrast a field like nursing where the majority of college graduates with a nursing major plan to be nurses of some type, the major is called a focussed major. Therefore a focussed major is one in which the undergraduate preparation leads directly into a given occupation.
All this is to say that the study of psychology at the bachelor's level is fine preparation for many other professions. Indeed, a liberal arts education with a psychology major enhances those skills critical to job success. These are:
The argument that a psychology degree is good preparation for many careers is supported by a recent report from the National Science Foundation on bachelor's degree recipients in psychology. The work functions of these graduates covered a broad range: 30% in management or administration, 28% in sales and/or professional services, 16% in teaching, and 12% in production or inspection.
Looking specifically at college graduates' prospects in business, two major studies examined the relationship between college experiences and management potential. Of all the educational experiences considered, undergraduate major was the strongest predictor of managerial performance and progress. Psychology majors fell within the category of social science. This group had the best overall record, with particular strengths in interpersonal and verbal skills and motivation to advance.
The one general weakness of social science majors was in quantitative ability. Psychology, however, is an exception to this and provides an excellent quantitative background. This attests to the value of the Department's policy of requiring competence in statistics and research methods.
What Business Employers are Looking for
Eison (1988) had 362 representatives of business and industry who were actively interviewing college students complete a questionnaire on 15 factors pertaining to hiring psychology graduates. The 5 most important were: