A career in psychology can provide a lifetime of rewards. Your psychologist mind is probably saying that the most important are the intangibles that come from the positive impact you get to have on peoples’ lives. We agree with you. But what about your salary as a psychologist? Let’s look at a few stats.
According to the Bureau of Labor Statistics, in 2012, which is the latest reported median pay for psychologists on their website, a psychologist makes $69, 280 per year. Similarly, reports the national psychologists salary average to be $67, 000 as of April 17, 2015. The HR Report data from, however, states that as of April 2015, the median salary for psychologists in the U.S. is $88, 120. Salary.com varies from Indeed.com and the BLS by almost $19, 000 which is most likely due to the fact that Salary.com uses real-time survey feedback. All reported salary averages are dependent on the sample size and the demographic and geographic spread of the respondents; as you’ll see below, salaries range dramatically by geographic region, degrees earned, and by years of experience.
While an advanced degree provides a great foundation for a psychology career, and is typically required, the field of psychology is all about working with people – which makes real-world, on-the-job experience invaluable. With this data below from, the best psychology salaries generally go to those with the most experience. These are the average national salaries for 1, 994 reporting professionals with jobs in psychology and psychiatry by years of experience. These salaries were updated April 11, 2015:
- Less than 1 year: $69, 315
- 1-4 years: $80, 911
- 5-9 years: $86, 634
- 10-19 years: $106, 374
- 20 years or more: $120, 877
According to PayScale.com, the following are the reported average yearly psychology salaries in for five of the most popular psychology career fields:
| Experience | 0-5 yr | 5-10 yrs | 10-20 yrs | More than 20 yrs |
|---|---|---|---|---|
| Clinical Psychologist | $65, 000 | $75, 000 | $87, 000 | $96, 000 |
| Counseling Psychologist | $55, 000 | $69, 000 | $70, 000 | |
| Forensic Psychologist | $57, 000 | $72, 000 | $85, 000 | $120, 000 |
| School Psychologist | $51, 000 | $60, 000 | $78, 000 | |
| Industrial-organizational Psychologist | $89, 000 | $107, 000 | $109, 000 |
Source: www.psychologycareercenter.org
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