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How much do psychologists make?

How much do they make #career-options

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Sheila’s Answer

Hi Heather:

Psychologists working in the United States generally earn salaries in the range from $40,809 to $144,845 a year including bonuses and contributions from profit sharing according to the salary information reported by Payscale.

Professionals with the certification of Licensed Psychologist generally report earning an annual pay in the range from $43,030 to $112,360 according to Payscale’s salary data. Psychologists employed by Kaiser Permanente are typically paid between $75,000 and $129,000 a year.

Earnings from profit sharing depend on a variety of factors, including work experience. Psychologists with 1 to 4 years of experience report getting $100 a year on average, those with 5 to 9 years of experience typically earn around $2,500 annually, and professionals with 20 or more years of experience earn $5,750 a year on average according to Payscale.

The job outlook for this occupation, as reported by the BLS, is pretty good, with a faster than average growth rate (22%) estimated for the period between 2010 and 2020.

■ AVERAGE SALARY

The average salary for psychologists employed in the United States is $71,358 a year according to Payscale’s salary figures. The Bureau of Labor Statistics (BLS) reports an average salary of $68,640 a year for psychologists in general, $87,330 a year for industrial-organizational psychologists, $66,810 a year for clinical, counseling, and school psychologists, and $89,900 a year for all other psychologists.

■ STARTING SALARY

The average starting salary for psychologists in their first year of practice is typically in the range from $30,000 to $79,949 a year according to Payscale’s salary data.

■ HOURLY RATE

The hourly rate for psychologists working in the U.S. depends on a wide range of factors, including work experience. Psychologists with 1 to 4 years of experience generally earn between $15.96 and $153.89 per hour, and those with 5 to 9 years of experience are usually paid between $26.93 and $168.86 per hour. Psychologists with 10 to 19 years of work experience under their belt generally make between $28.60 and $241.44 per hour, and professionals with 20 or more years of experience in the field report earning an hourly salary in the range from $28.05 to $154.03 according to Payscale’s salary figures.

Best of luck to you!

Sheila recommends the following next steps:

Psychologist Salary • https://www.doctor-salaries.com/psychologist-salary/#
Research all links in the CV Professionals posts
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Paul’s Answer

Hi Heather!

According to Indeed.com, a leading job search site, the average salary of a psychologist in the US is $94,903.

According to ZipRecruiter, another job search site, the average salary of a psychologist in Texas is $94,940.

These are just averages, and can vary depending on a number of variable; such as experience, location, and more. Below are the links and resources I used to find this information!

Paul recommends the following next steps:

https://www.ziprecruiter.com/Salaries/What-Is-the-Average-Psychologist-Salary-by-State
https://www.indeed.com/career/psychologist/salaries
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Brittany’s Answer

Hello Heather,

According to BLS.gov last year general psychologists made an average median salary around $80,370.00 a year. Every hour that's 38.64 cents.

Brittany recommends the following next steps:

If would like additional salary information such as how to become one, go to : https://www.bls.gov/ooh/life-physical-and-social-science/psychologists.htm
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