Business Psychology – Profession and Salary
Business psychology is a degree course with a future: after all, it combines economics on the one hand and psychology on the other. Two fields that are already extremely interesting in themselves and together represent a course of study that has only existed for a few years but is already very popular with students.
Business psychologists are experts in human behaviour in an economic environment and conduct research into human actions, experiences and decisions in companies, organizations and markets. Business psychologists then use the results of this research to create forecasts for future behavior and thus derive recommendations for action for those responsible.
So it’s no wonder that business psychology is a field of applied psychology.
What careers are available after graduation?
For business psychologists, there are primarily consulting jobs on the labor market. The work locations and opportunities are extremely varied and with a degree in business psychology you have many opportunities to find a well-paid and interesting job.
Depending on which areas you specialize in during your studies, many doors will be open to you in HR departments, marketing and advertising agencies and management consultancy. However, business psychologists are also sought after in other sectors and have great opportunities for careers in a wide variety of industries.
While you find suitable employees for vacant positions in HR departments, you can carry out scientific surveys in marketing and then work with your team to convert the results into advertising measures tailored to the target group.
At management consultancies, you will analyze the structures and management of companies and develop recommendations for improvements within the company on this basis. As an external service provider, as a management consultant you can also find qualified employees for vacancies in a wide variety of companies in the HR sector.
Generally speaking, you can work as a business psychologist wherever people and business are in the same place. You can probably already imagine that there are a lot of areas.
What does a business psychologist earn?
As a business psychologist, you can expect a solid salary when you start your career. Depending on your negotiating skills, this is usually between EUR 2,400 and EUR 3,500 gross per month after your Bachelor’s degree. Higher starting salaries are also possible with a Master’s degree.
If you already have several years of professional experience under your belt, it is not uncommon for your salary to jump to around EUR 4,000 to EUR 5,000 gross and even higher. Especially in the areas of personnel and management consulting, you can earn up to EUR 7000 per month as a management executive.
Of course, you also always have the option of starting your own business. A personnel or management consultancy is an excellent choice for this. For most business psychologists, however, this is only relevant later in their career.
How much you will earn when you start your career also depends on a number of criteria such as the size of the company, your negotiating skills, your level of responsibility and professional experience, which you may have already acquired during your studies through various internships or part-time jobs.
Get started now with business psychology
Are you interested in studying business psychology? Then find out more about this extremely interesting and future-oriented course. With a degree in business psychology, you have the best chance of a brilliant career in numerous well-known companies worldwide!
