Psychiatrists vs Doctors salary

As stated by the US Bureau of Labor Statistics, the average annual salary for Psychiatrists is $249,760, compared to $235,930 for Doctors. This shows that these two roles earn similar wages.

Nevertheless, it's worth mentioning that the salary of an employee can be influenced by factors such as location and experience. For example, Psychiatrists working in Missouri (with a wage of $324,840 on average) may have higher salaries than those in Washington DC ($149,570). To provide another instance, Doctors in Idaho have an average income that is 76% higher compared to those in Louisiana.

Psychiatrists vs Doctors overview

Psychiatrists and Doctors are two important jobs in the Health Care Services industry. There is a general interest in understanding the differences between these job titles, including the average earnings for each of them.

Psychiatrist job description

Psychiatrists diagnose, treat, and help prevent mental disorders.

Psychiatrist education and experience

Most Psychiatrists (59%) have a Post-Doctoral Training. But this field also includes some employees who have a Doctoral Degree (34%) and a Master's Degree (5%). Regarding experience, about a third of Psychiatrist occupations require a 4 to 6 years of previous experience working in the field. A smaller portion of roles (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 wage 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 mean salary has grown by 15%.

Do Psychiatrists make good money?

Psychiatrists typically make good salaries, since their mean salary is over three times above the average pay in the United States ($58,260). Furthermore, they make over two times more than the mean salary of the Health Care Services industry ($70,360).

Psychiatrists typically make good salaries, since their mean salary is over three times above the average pay in the United States ($58,260).

Doctor job description

Alternative names: Family Medicine Physicians, General Practitioners, Physicians

Doctors diagnose, treat, and provide preventive care to individuals and families across the lifespan. May refer patients to specialists when needed for further diagnosis or treatment.

Doctor education and experience

Most Doctors (59%) have completed a Doctoral Degree. But this field also includes some employees who have a Post-Doctoral Training (29%) and a Master's Degree (9%). Regarding experience, the majority of Doctor occupations require a 2 to 4 years of previous experience working in the field. A smaller number of roles (17%) require no previous experience.

Doctor average salary

As reported by the US Bureau of Labor Statistics, in 2021, the number of Doctors employed in the United States was 102,930, and they earned an average of $235,930 per year. The bottom 10 percent had a salary of $63,580 or less, and the top 10 percent had a salary of $208,000 or more. The average salary has increased by 10.1% in comparison to the previous year.

Do Doctors make good money?

Doctors are typically paid well, since their mean salary is about three times above the average wage in the United States ($58,260). Moreover, they make over two times more than the mean earnings of the Health Care Services industry ($70,360).

Doctors are typically paid well, since their mean salary is about three times above the average wage in the United States ($58,260).

Doctors job growth

In 2021, there have been 4,340 more Doctor positions than the previous year across the nation, and that marks a rise of 4.4%. Job growth has averaged -2.7% over the past 2 years.

FAQ

Do Psychiatrists or Doctors make more?

These two professions have salaries that are similar. On average, Doctors make $235,930 per year, while Psychiatrists make $249,760.

How long does it take to become a Psychiatrist vs Doctor?

Psychiatrists typically need a Post-Doctoral Training. It usually takes between 9 months and 2 years to complete a Post-Doctoral Training. However, if we consider that a Doctoral Degree is required beforehand, it might take around 15 years to complete the full education. While on the other hand, Doctors typically need a Doctoral Degree. It usually takes between 4 years and 6 years to complete a Doctoral Degree. However, if we consider that a Master's Degree is required beforehand, it might take around 13 years to complete the full education.

Is it harder to become a Psychiatrist vs Doctor?

It is more difficult to become a Psychiatrist than a Doctor, since it takes 2 more years of education.