As reported by the US Bureau of Labor Statistics, Psychiatrists earn an average of $249,760 per year, while Marriage and Family Therapists earn an average of $59,660 per year. Therefore, the salary for Psychiatrists is much higher than that of Marriage and Family Therapists.
However, wages can vary depending on factors like location, experience, and the specific setting in which the employee works. For example, Psychiatrists who work in Missouri (with salary averaging $324,840) may earn more than those who work in Washington DC ($149,570). And Marriage and Family Therapists in Utah earn 127% more on average compared to those in Louisiana.
Psychiatrists vs Marriage and Family Therapists overview
Psychiatrists and Marriage and Family Therapists are fundamental to the Health Care Services industry. People are often interested in learning about the differences between these occupations, as well as the average pay for each.
Psychiatrist job description
Psychiatrists diagnose, treat, and help prevent mental disorders.
Psychiatrist education and experience
The majority of Psychiatrists (59%) hold a Post-Doctoral Training. However this occupation also includes some employees who have a Doctoral Degree (34%) and a Master's Degree (5%). With regard to experience, about a third of Psychiatrist jobs require a 4 to 6 years of work-related experience. A smaller part of jobs (22%) require a previous experience of 6 to 8 years.
Psychiatrist average salary
Based on data from the US Bureau of Labor Statistics, the United States had a workforce of 25,520 Psychiatrists in 2021 and their average annual salary was $249,760. The lowest earning 10 percent made $64,400 or less, and the highest earning 10 percent made $208,000 or more per year. Compared to the previous year, the average salary has increased by 15%.
Do Psychiatrists make good money?
Psychiatrists generally earn good salaries, as their average salary is over three times higher than the average salary in the United States ($58,260). Furthermore, they earn over two times more than the average pay of the Health Care Services industry ($70,360).
Psychiatrists generally earn good salaries, as their average salary is over three times higher than the average salary in the United States ($58,260).
Marriage and Family Therapists job description
Marriage and Family Therapists diagnose and treat mental and emotional disorders, whether cognitive, affective, or behavioral, within the context of marriage and family systems. Apply psychotherapeutic and family systems theories and techniques in the delivery of services to individuals, couples, and families for the purpose of treating such diagnosed nervous and mental disorders.
Marriage and Family Therapists education and experience
The majority of Marriage and Family Therapists (79%) have obtained a Master's Degree. However, among employees in this occupation, there are also some with a First Professional Degree (10%). When it comes to experience, about a half of Marriage and Family Therapists jobs require a 2 to 4 years of work-related experience. A smaller percentage of jobs (20%) require a previous experience of 1 to 2 years.
Marriage and Family Therapists average salary
As stated by the US Bureau of Labor Statistics, the United States employed 54,800 Marriage and Family Therapists in 2021, and the mean income they earned annually was $59,660. The bottom 10 percent had earnings of $37,050 or less, and the top 10 percent had earnings of $96,520 or more. The average salary has grown by 4.9% compared the previous year.
Do Marriage and Family Therapists make good money?
The average salary of Marriage and Family Therapists is nearly the same as the average wage in the United States ($58,260). Additionally, it is nearly the same as the average wage of the Health Care Services industry ($70,360).
The average salary of Marriage and Family Therapists is nearly the same as the average wage in the United States ($58,260).
Marriage and Family Therapists job growth
In 2021, there have been 6,050 less Marriage and Family Therapists positions than the previous year nationwide, which marks a decrease of 9.9%. Over the past 3 years, job growth has averaged 4.9%.
FAQ
Do Psychiatrists or Marriage and Family Therapists make more?
Psychiatrists make over three times more than Marriage and Family Therapists. Marriage and Family Therapists average around $59,660 per year, while Psychiatrists make $249,760 per year.
How long does it take to become a Psychiatrist vs Marriage and Family Therapists?
Becoming a Psychiatrist typically requires a Post-Doctoral Training. Obtaining a Post-Doctoral Training usually takes between 9 months and 2 years of study. However, if we consider that a Doctoral Degree is required beforehand, the full education may take around 15 years to complete. In contrast, Marriage and Family Therapists typically need a Master's Degree. Obtaining a Master's Degree usually takes between 2 years and 3 years of study. However, if we consider that a Bachelor's Degree is required beforehand, the full education may take around 7 years to complete.
Is it harder to become a Psychiatrist vs Marriage and Family Therapists?
Psychiatrists need to complete 8 more years of education than Marriage and Family Therapists.
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