Dear Student ,

Look , Both MA English and MA Psychology has good career options in their on way . English is a literature subject that mainly used in communicative sectors as  a career option apart from teacher or professors .

Whereas , Psychology is a clinical as well as sensitive subject related with Human's mental behavior. you need  to be with counselling sector where you can implement your Psychology knowledge .

So, at last .. only I can say that , you need to choose the subject in which you have interest.

Hope you understand !