In this article, we will be looking at the 25 best online psychology degree programs heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Online Psychology Degree Programs Heading Into 2024.
Global Mental Health Industry: An Overview
According to a report by IMARC, the global mental health market was valued at $435.2 billion in 2023. The market has been estimated to reach $567.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 2.9%. You can also check out: 15 Highest Paying Countries for Psychologists.
Rising awareness regarding mental health issues is encouraging more people to seek help which is the primary driving factor for the mental health market. Many online platforms and mobile applications have emerged to support the mental health of individuals. On October 5, Reuters reported that Headway raised $125 million in series C funding which led to the company being valued at $1 billion. Headway is a New York-based startup that connects patients with therapists and psychiatrists. The company currently has 26,000 service providers and 19 insurance plans to ensure optimal service delivery to patients.
Governments, especially in developing countries, have recently allocated substantial investments towards enhancing mental health infrastructure and implementing comprehensive programs. The increased government awareness is offering a positive market outlook during the forecast period. On June 7, Reuters reported that the European Commission has allocated $1.3 billion for mental health initiatives. The initiatives will be implemented across 27 European Union member states. The EU member states are to make mental health a pillar of their health policy as well. The EU is ambitious to make access to mental healthcare and treatment more affordable and accessible. You can also check out: 25 Countries With The Worst Healthcare System.
Major Players in the Mental Health Industry
Compass Pathways PLC (NASDAQ:CMPS) is a prominent name in the mental health industry. Companies in the mental health industry are focused on research to cater to the needs of patients affected by the mental health epidemic. On December 6, Compass Pathways PLC (NASDAQ:CMPS) announced that it had published a paper in JAMA Psychiatry journal regarding a potential treatment for treatment-resistant bipolar type II disorder. The publication is based on findings from a study funded by Compass Pathways PLC (NASDAQ:CMPS) conducted in Baltimore. The findings suggest that a single 25mg dose of COMP360 psilocybin treatment significantly reduced the bipolar II depression symptoms in patients.
Mind Medicine (MindMed) Inc (NASDAQ:MNMD) is another noteworthy name in the global mental health industry. Mind Medicine (MindMed) Inc (NASDAQ:MNMD) is a clinical-stage biopharmaceutical company developing novel product candidates to treat brain health disorders. On October 24, the company announced that it had completed the enrollment for a phase 2a study for the treatment of adults with ADHD. The study aims to evaluate the effects of MM-120 on ADHD symptoms in adults. Mind Medicine (MindMed) Inc (NASDAQ:MNMD) is optimistic and aims to share top-line data for the trial by the end of the first quarter of 2024.
Acadia Healthcare Company Inc (NASDAQ:ACHC) is a notable company in the global mental health industry. On November 2, Acadia Healthcare Company Inc (NASDAQ:ACHC) reported earnings for the fiscal third quarter of 2023. The company reported an EPS of $0.91, beating estimates by $0.02. The company’s revenue for the quarter grew by 12.54% and amounted to $750.33 billion, ahead of market consensus by $25.02 million. Here are some comments from the company’s earnings call:
“We reported year-over-year revenue growth of 12.5%, adjusted EBITDA growth of 13.4%, and adjusted EPS growth of 13.8%, excluding income from the Provider Relief Fund recognized in the third quarters of 2023 and 2022. Notably our same facility revenue increased 13% compared with the third quarter last year, with the increase driven by both volume and rate improvements. Similar to what we’ve experienced throughout 2023, these third-quarter results reflect the collective impact of the ongoing focus on our core business and our progress against our growth strategy. In addition to our core financial metrics, we were pleased to see further sequential improvement in our labor trends with 2023 wage inflation decreasing from 7.5% in the first quarter to 6.3% in the second quarter to 5.7% in the third quarter, an improvement of 180 basis points so far this year.”
Mental health is central to personal and professional growth. We have made a list of the best online psychology degree programs heading into 2024. Online degree programs offer convenience and flexibility enabling students to learn at their own pace and schedule. You can also check out: 20 Biggest Health Insurance Companies in the US.
25 Best Online Psychology Degree Programs Heading Into 2024
Our Methodology
To make our list of the best online psychology degree programs heading into 2024, we have used a consensus methodology. We consulted four sources including Intelligent.com, College Values Online, Degree Choices, and STEPS. We extracted programs that appeared in at least 2/4 of the sources. We made our selections by examining the average rankings for each program across our sources. To calculate the average ranks, we summed the individual ranks for each program across the sources it appeared in and divided it by the number of sources the program appeared in. The list has been arranged in descending order of the calculated average ranks.
25 Best Online Psychology Degree Programs Heading Into 2024
25. University of Missouri-Columbia
Number of Mention: 2
Average Ranking Across Sources: 23.5
The University of Missouri-Columbia is located in Columbia, Missouri. The university offers both Bachelor of Arts (BA) and Bachelor of Science (BS) degree programs in psychology. The BA in Psychology program requires a minimum of 30 credit hours in psychology coursework and 3 credit hours in research methods.
24. Southern New Hampshire University
Number of Mention: 2
Average Ranking Across Sources: 23
The Southern New Hampshire University is located between Manchester and Hooksett. The university offers more than 200 online degree programs including a BA in psychology degree program.
23. Maryville University of Saint Louis
Number of Mention: 2
Average Ranking Across Sources: 21.5
The Maryville University of Saint Louis is located in Missouri. The university offers a completely online BA in psychology degree program. The degree program is flexible which enables students to pursue their degree while maintaining other commitments.
22. Mississippi State University
Number of Mention: 2
Average Ranking Across Sources: 19
Mississippi State University has one of the best online psychology degree programs heading into 2024. The university has a complete online BS in psychology program. The program requires 124 credit hours for completion.
21. Indiana University
Number of Mention: 2
Average Ranking Across Sources: 17.5
The Indiana University is located in Terre Haute, Indiana. The Indiana University offers an online Bachelor of Science degree program. The program requires 120 credit hours.
20. Western Michigan University
Number of Mention: 2
Average Ranking Across Sources: 16
Western Michigan University is located in Kalamazoo, Michigan. The university offers a bachelor in psychology degree program. The university facilitates students to customize their degree program to their interests and can complete a field study or lab.
19. Regent University
Number of Mention: 2
Average Ranking Across Sources: 13
Regent University is located in Virginia. The university has one of the best online psychology degree programs heading into 2024. The BS in psychology program is completely online and requires no campus visits.
18. Central Washington University
Number of Mention: 2
Average Ranking Across Sources: 11
The Central Washington University is located in Ellensburg, Washington. The university has a completely online BA in psychology degree program. The program requires 45 credit hours in psychology.
17. Northern Arizona University
Number of Mention: 3
Average Ranking Across Sources: 41
The Northern Arizona University is located in Flagstaff, Arizona. The university has a BS in psychology degree program. The program requires 120 credit hours, including 36 credit hours in psychology.
16. Southeast Missouri State University
Number of Mention: 3
Average Ranking Across Sources: 36
The Southeast Missouri State University is located in Cape Girardeau, Missouri. The university has one of the best online psychology degree programs heading into 2024. The program requires 120 credit hours, including 36 credit hours in psychology.
15. Washington State University
Number of Mention: 3
Average Ranking Across Sources: 34.3
The Washington State University has an online BS in psychology degree. The program requires 120 credit hours, including 36 credit hours in psychology.
14. University of Minnesota
Number of Mention: 3
Average Ranking Across Sources: 34
The University of Minnesota has an online bachelor of science psychology degree program. The University of Minnesota is located in Minneapolis and St. Paul, Minnesota, with additional campuses in Crookston, Duluth, Morris, and Rochester.
13. South Dakota State University
Number of Mention: 3
Average Ranking Across Sources: 25.7
The South Dakota State University is renowned for its psychology degree programs. The university offers BA and BS in psychology degree programs. South Dakota State University prepares students for careers in fields including counseling, education, healthcare, and human resources.
12. Ohio University
Number of Mention: 3
Average Ranking Across Sources: 25
Ohio University offers one of the best online psychology degree programs heading into 2024. The BS in psychology program has relatively affordable tuition fees and financial aid options as well. The fully online program enables students to use quality course content and lectures.
11. Fayetteville State University
Number of Mention: 3
Average Ranking Across Sources: 24
Fayetteville State University is located in Fayetteville, North Carolina. Fayetteville State University offers an online Bachelor of Science in Psychology program. The online psychology degree program is flexible facilitating students to pursue an online education alongside other commitments.
10. Fort Hays State University
Number of Mention: 3
Average Ranking Across Sources: 20
Fort Hays State University is located in Hays, Kansas. The university has a renowned online psychology degree program. The online BS in psychology degree program is relatively affordable compared to other universities.
9. University of Maryland Global Campus
Number of Mention: 3
Average Ranking Across Sources: 18.3
The University of Maryland Global Campus is a public university and part of the University System of Maryland. It has one of the best online psychology degree programs heading into 2024. The Psychology program is tailored to assist students in achieving their academic and career goals.
8. The University of Texas Permian Basin
Number of Mention: 3
Average Ranking Across Sources: 17
The University of Texas Permian Basin offers an online BA of psychology degree program. The BS program is one of the best online psychology degree programs heading into 2024.
7. Oklahoma State University
Number of Mention: 3
Average Ranking Across Sources: 16.7
Oklahoma State University is located in Stillwater, Oklahoma. The university offers a completely online BS in psychology degree and a Master of Science in Educational Psychology. The online BS psychology degree is 120 credit hours and the MS degree requires 36 hours of coursework.
6. University of Illinois Springfield
Number of Mention: 3
Average Ranking Across Sources: 14.3
The University of Illinois Springfield has one of the best online psychology degree programs heading into 2024. The university offers a completely online BA in psychology degree program. The enrolled students are required to complete the Individualized Concentration online.
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Disclosure: None. 25 Best Online Psychology Degree Programs Heading Into 2024 is originally published on Insider Monkey.
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