You cannot be a counselor in many states with only a masters degree in psychology, because they require a PhD, PsyD, or a "practical" degree like an MSW or MFT. You'd really have to check the rules in your state, though. Likewise, you can't be a professor without a PhD (although, perhaps at a community college). You can't be an independent researcher without a PhD, though you could work for one. Perhaps you could work in human resources? Job counseling (my aunt with a masters in psychology did this)?
at 7:14 PM on Jun. 2, 2011