Nurse Practitioners vs Psychologists salary

As reported by the US Bureau of Labor Statistics, Nurse Practitioners earn an average of $118,040 per year, while Psychologists earn an average of $99,640 per year. Therefore, the salary for Nurse Practitioners is higher than that of Psychologists.

Nevertheless, it's worth mentioning that the amount of pay an employee receives can be influenced by factors like location, experience, and the specific setting in which they work. For example, Nurse Practitioners in California may have higher earnings (averaging $151,830 per annum) compared to those in Tennessee ($95,120). To give another example, the average salary of Psychologists in New Jersey is 126% higher compared to those in West Virginia.

Nurse Practitioners vs Psychologists overview

Nurse Practitioners and Psychologists are fundamental to the Health Care Services industry. People are often interested in learning about the distinctions between these occupations, including the average salary for each of them.

Nurse Practitioner job description

Nurse Practitioners diagnose and treat acute, episodic, or chronic illness, independently or as part of a healthcare team. May focus on health promotion and disease prevention. May order, perform, or interpret diagnostic tests such as lab work and x rays. May prescribe medication. Must be registered nurses who have specialized graduate education.

Nurse Practitioner education and experience

Most Nurse Practitioners (65%) have completed a Master's Degree. But this field also includes some employees who have a Doctoral Degree (26%). In terms of experience, about a third of Nurse Practitioner occupations require a 1 to 2 years of previous experience working in the field. A smaller number of roles (35%) require a previous experience of 2 to 4 years.

Nurse Practitioner average salary

As stated by the US Bureau of Labor Statistics, the United States employed 234,690 Nurse Practitioners in 2021, and the average income they earned annually was $118,040. The bottom 10 percent had earnings of $79,470 or less, and the top 10 percent had earnings of $163,350 or more. The average salary has increased by 3.1% in comparison to the previous year.

Do Nurse Practitioners make good money?

Nurse Practitioners are typically paid well, since their mean salary is 103% above the average salary in the United States ($58,260). Furthermore, they make 68% more than the mean earnings of the Health Care Services industry ($70,360).

Nurse Practitioners are typically paid well, since their mean salary is 103% above the average salary in the United States ($58,260).

Nurse Practitioners job growth

There has been an increase in the employment of Nurse Practitioners in the last two years. In 2021, there have been 23,410 more roles than the previous year across the nation, and that marks a growth of 11.1%. Job growth has averaged 9.4% over the past 3 years.

Psychologist job description

Alternative names: Clinical and Counseling Psychologists

Psychologists assess, diagnose, and treat mental and emotional disorders of individuals through observation, interview, and psychological tests. Help individuals with distress or maladjustment understand their problems through their knowledge of case history, interviews with patients, and theory. Provide individual or group counseling services to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. May design behavior modification programs and consult with medical personnel regarding the best treatment for patients.

Psychologist education and experience

43% of Psychologists have obtained a Doctoral Degree, 34% hold a Post-Doctoral Training, and 22% have a Master's Degree. In terms of experience, 43% of Psychologist occupations require a 1 to 2 years of previous experience working in the field. A smaller portion of roles (24%) require a previous experience of 2 to 4 years.

Psychologist average salary

Based on data from the US Bureau of Labor Statistics, the United States had a workforce of 58,100 Psychologists in 2021 and their average annual wage was $99,640. The bottom 10 percent had earnings of $47,010 or less, and the top 10 percent had earnings of $167,460 or more.

Do Psychologists make good money?

Psychologists are typically paid well, since their mean salary is 71% above the average pay in the United States ($58,260). Furthermore, they make 42% more than the mean salary of the Health Care Services industry ($70,360).

Psychologists are typically paid well, since their mean salary is 71% above the average pay in the United States ($58,260).

FAQ

Do Nurse Practitioners or Psychologists make more?

Nurse Practitioners make 18% more than Psychologists. The average annual salary for Psychologists is $99,640, while Nurse Practitioners earn $118,040 per year.

How long does it take to become a Nurse Practitioner vs Psychologist?

Becoming a Nurse Practitioner generally requires a Master's Degree. A Master's Degree by itself most often takes between 2 years and 3 years to complete. But, considering that a Bachelor's Degree must be obtained first, the full educational program might take around 7 years to finish. On the other hand, becoming a Psychologist generally requires a Doctoral Degree. A Doctoral Degree by itself most often takes between 4 years and 6 years to complete. But, considering that a Master's Degree must be obtained first, the full educational program might take around 13 years to finish.

Is it harder to become a Nurse Practitioner vs Psychologist?

Becoming a Psychologist is considerably harder than becoming a Nurse Practitioner, as it takes 6 more years of education.