Does doing a M.Sc Psychology makes me eligible to become students/staff counsellor in colleges and in hospitals for patients and suicides?

Thanks Simran. This really help. I have a BE, MBA degree and now planning to do M.Sc Psychology. I m currently working as a Professor in an Engineering college, handling MBA subjects.Futher analyzing, I wanted to become a student's counsellor after seeing soo much student suicides that is prevailing around. That is the reason I would like to pursue a Psychology degree and understand the root cause for suicides and help students to stop taking that extreme decision.  

Also I would like to add up that I am pursuing this degree via Distance Education. Hope I can become a psychologist and doing it in Distance doest matter right? Also I have plans to do a PH.D in Psychology post completing my M.Sc