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The Startup Magazine Entrepreneur Career: Being a Psychologist

The main reason why people go to school or choose to further their studies is to improve their living standards. Statistics have shown that people with a college or university degree have higher chances of securing better jobs compared to those without. There are different factors that people consider when choosing careers. It could be because of passion, better pay, or the independence of being an entrepreneur. Psychology is one of the best professions in the world. In the recent past, there has been a rise in the number of mental health cases. This means the demand for psychologists has significantly increased in the past few years.


Below are 5 benefits of being a psychologist:


  • The rewarding feeling of helping people overcome their challenges


This is one of the top reasons psychologists cite for enjoying their careers. The main work of psychologists is to help other people overcome their life challenges. We live in a world full of pressure and societal expectations.

According to the World Health Organization (WHO), one in four individuals suffers from mental illness. It is the work of psychologists to help people around the world deal with various mental illnesses and disorders.



According to information from the Bureau of Labour Statistics, psychologists who work on a full-time basis earn an average of $50,000 and $100,000 in a year. Those who work on a part-time basis earn less than that amount.

Besides, those who are able to set up and successfully run private facilities can earn up to $200,000 annually. Psychiatrists can earn even earn up to $150,000 while working on a full-time basis.



Although most psychologists work on a full-time basis, you can still dictate your work schedules if you decide to private practice. You can set your own working hours and avoid the pressure that comes with working with public or private healthcare facilities. This is much better compared to other careers where it is difficult to get your time to do your own things. This also gives you peace of mind and time for your family.


  • Potential for career growth


This is another benefit of being a psychologist. For you to become a psychologist, you need to undergo a four-year degree course. However, you can still further your studies and pursue a master’s degree or even a Ph.D. The more you advance your studies, the higher your chances of getting high-paying jobs.


  • Opportunity to work for yourself


The good thing about being a psychologist is that you can decide to get a license and practice privately. This will not only give you an opportunity to grow your career but also improve your economic status. Other than working for yourself, you also get a chance to interact with patients from all walks of life and study their behaviors.

Bottom line

Attaining a bachelor of psychology degree from a place like has a lot of benefits. As mentioned earlier, the World Health Organization reports that at least one in four people suffers from a mental illness. This implies that the work of psychologists is increasingly getting in high demand.

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