Three RoutesCompare · Ontario figures · updated 2 November 2026
Business / commerce vs Psychology
Same columns, no opinion about which is better for you. On typical Ontario figures, Business / commerce is ahead by year 10 ($399k against $320k), because it pays more per year once you are working. The gap is before tax, rent and loan interest, which hit both routes. Psychology costs $8,000 less to get into. Job Bank rates demand higher for Business / commerce in Ontario right now.
| Measure | Business / commerce | Psychology |
|---|---|---|
| Route | University degree | University degree |
| Credential | Bachelor of Commerce (BComm) | Bachelor of Arts (BA) |
| Years to finish | 4 | 4 |
| First real paycheque | About 4 years | About 4 years |
| Cost (tuition and fees) | $40,000 | $32,000 |
| Typical debt if you borrow | $30,600 | $30,600 |
| Earnings, first years | $63,000 | $50,300 |
| Earnings by year 5 | $78,300 | $62,900 |
| Net by year 10 (typical) | $399k | $320k |
| Demand in Ontario | Steady | Limited |
| Time in a classroom | 80% | 85% |
Earnings by year, roughly
Before tax. Years in school show as "school". Medians rise from the starting figure to the year-5 figure, then stay flat.
Business / commerce
A day looks like: Accounting, finance, marketing; case competitions; networking is a core skill.
What stops people: Prestige matters more here than in most degrees; the top programs are very selective.
Downside: Crowded entry-level market. Outcomes depend heavily on co-op and the school's brand.
Psychology
A day looks like: Lectures, essays, research methods and statistics.
What stops people: Easy admission; the bottleneck is graduate school, which most psychology grads never enter.
Downside: To work as a psychologist you need a PhD. The BA alone competes with every other arts degree.
Quick answers
Which pays more, business / commerce or psychology?
By year five, Business / commerce is about $78,300 and Psychology about $62,900 (Ontario medians, before tax). By year ten, counting what each cost, Business / commerce nets roughly $399k and Psychology roughly $320k.
Which is faster to a real paycheque?
Business / commerce: about 4 years. Psychology: about 4 years.
What does each cost?
Business / commerce: $40,000 in tuition and fees, typical debt $30,600. Psychology: $32,000, typical debt $30,600.
What is the downside of each?
Business / commerce: Crowded entry-level market. Outcomes depend heavily on co-op and the school's brand. Psychology: To work as a psychologist you need a PhD. The BA alone competes with every other arts degree.
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Figures are Ontario medians and typical costs from Job Bank, Statistics Canada, Skilled Trades Ontario and institution fee pages; the data page lists every source and date. Switch province on either pathway page for BC, Alberta or Quebec figures.