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The Average Salary in Psychology

By Cassidy Velez, eHow Contributor 

updated: May 24, 2010

<fb:like style=«position: relative; display: inline-block;» class=" fb_edge_widget_with_comment fb_iframe_widget" ref=«like» layout=«button_count» width=«90» href=«www.ehow.co.uk/about_6546596_average-salary-psychology.html»></fb:like>Psychologists have varying salaries.

Salaries for psychology professionals vary based on several factors including where a person works and her level of education and experience. The type of job a psychology professional holds and the type of employer she works for also determines salary. Over a quarter of psychologists are self-employed, according to the Bureau of Labor Statistics.

  1. Job

    • There are several types of jobs that people in the field of psychology may work. Those working as psychiatrists have some of the highest salaries with a reported median of $152,600 according to PayScale.com. Those working as child psychiatrists may earn more than that with a median income of $162,700 as of May 2010. Clinical psychologists have a median salary of $65,400, industrial organizational psychologists have a median salary of $64,800, and psychotherapists have a median salary of $48,000.

    Experience

    • Generally, the more experience someone in the field of psychology has, the higher the salary. Accordingly, those with 20 plus years have some of the highest salaries with a reported median of $96,200 as of May 2010. Those with 10 to 19 years of experience have a median salary of $88,700 while those with five to nine years of experience have a median salary of $72,700. The least experienced professionals in psychology, those with less than one year of experience, have a median salary of $48,300 according to PayScale.

    Education

    • Depending on which job you aim for, you have several degree choices. Those with a Doctor of Medicine (MD) have some of the highest salaries with a reported median of $161,300. Those with a Ph.D in psychology report a median salary of $70,900 while those with Bachelor of Arts (BA/AB) in psychology have a median salary of $50,800 according to PayScale. As of May 2010, psychology professionals with a Master of Social Work (MSW) have a median salary of $49,800.

    Employer Type

    • Psychology professionals have the opportunity to work for a variety of employer types. Those working for teams have a median salary of $100,000. Those working for the federal government have a median salary of $92,300 while those working for state and local governments have a reported median of $74,000 according to PayScale. As of May 2010, psychology professionals working school districts and franchises have some of the lowest salaries with respective medians of $55,200 and $40,000. Self-employed ones have a median salary of $84,300.

    Location

    • Where a psychology professional works also plays a role in his salary potential. Those working in San Francisco have some of the highest salaries with a median of $89,200 as of May 2010. Those working in New York City report a median salary of $78,400 while those in Atlanta report a median of $72,400. Chicago-based psychology professionals have a median salary of $61,500 and Philadelphia-based ones have a median of $64,100 according to PayScale.



Read more: The Average Salary in Psychology | eHow.co.uk http://www.ehow.co.uk/about_6546596_average-salary-psychology.html#ixzz1JEhAngiq
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