Based on data from the US Bureau of Labor Statistics, on average, Psychologists make $99,640 annually, while Psychiatrists make $249,760 per year. As a result, Psychiatrists earn a salary that is significantly higher than Psychologists.
However, it's worth noting that salaries can vary depending on factors such as location, experience, and the specific setting in which the employee works. As an example, Psychologists who work in New Jersey (with an average salary of $143,150) may earn more than those who work in West Virginia ($63,410). And Psychiatrists in Missouri earn 117% more on average than those in Washington DC.
Psychologists vs Psychiatrists overview
Psychologists and Psychiatrists 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.
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 hold a Doctoral Degree, 34% have a Post-Doctoral Training, and 22% hold a Master's Degree. Regarding experience, 43% of Psychologist jobs require a 1 to 2 years of experience in the field. A smaller part of jobs (24%) require a previous experience of 2 to 4 years.
Psychologist average salary
The US Bureau of Labor Statistics has reported that the United States had a workforce of 58,100 Psychologists in 2021 and on average, they earned $99,640 per year. The lowest earning 10 percent made $47,010 or less, and the highest earning 10 percent made $167,460 or more per year.
Do Psychologists make good money?
Psychologists generally earn good salaries, as their average salary is 71% higher than the average salary in the United States ($58,260). Furthermore, they earn 42% more than the average pay of the Health Care Services industry ($70,360).
Psychologists generally earn good salaries, as their average salary is 71% higher than the average salary in the United States ($58,260).
Psychiatrist job description
Psychiatrists diagnose, treat, and help prevent mental disorders.
Psychiatrist education and experience
Most Psychiatrists (59%) have completed a Post-Doctoral Training. But additionally, among employees with this job title, there are also some with a Doctoral Degree (34%) and a Master's Degree (5%). In terms of experience, about a third of Psychiatrist occupations require a 4 to 6 years of previous experience working in the field. A smaller number of roles (22%) require a previous experience of 6 to 8 years.
Psychiatrist average salary
As stated by the US Bureau of Labor Statistics, the United States employed 25,520 Psychiatrists in 2021, and the average income they earned annually was $249,760. The bottom 10 percent had earnings of $64,400 or less, and the top 10 percent had earnings of $208,000 or more. The average salary marks an increase of 15% in comparison to the previous year.
Do Psychiatrists make good money?
Psychiatrists are typically paid well, since their mean salary is over three times above the average salary in the United States ($58,260). Furthermore, they make over two times more than the mean earnings of the Health Care Services industry ($70,360).
Psychiatrists are typically paid well, since their mean salary is over three times above the average salary in the United States ($58,260).
FAQ
Do Psychologists or Psychiatrists make more?
The average earnings of Psychiatrists are 151% higher than those of Psychologists. On average, Psychologists make $99,640 per year, while Psychiatrists make $249,760.
How long does it take to become a Psychologist vs Psychiatrist?
Psychologists generally need a Doctoral Degree. It most often takes between 4 years and 6 years to obtain a Doctoral Degree. But, considering that a Master's Degree must be obtained first, it may take around 13 years to complete the full educational program. While on the other hand, Psychiatrists generally need a Post-Doctoral Training. It most often takes between 9 months and 2 years to obtain a Post-Doctoral Training. But, considering that a Doctoral Degree must be obtained first, it may take around 15 years to complete the full educational program.
Is it harder to become a Psychologist vs Psychiatrist?
Becoming a Psychiatrist is a little harder than becoming a Psychologist, as it takes 2 more years of education.
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