Psychologists Salary Information

How much you can earn as a psychologist is influenced by a number of factors. These include:

  • Experience. All things being equal, experience is arguably the number one factor affecting salary. There is no substitute for experience, and this is especially true about psychology. Psychologists who have been working in their field for a number of years can expect to make substantially more than they did straight out of graduate school. With time, your professional skills improve, as will your effectiveness as psychologist. As your skills increase, you can expect to receive promotions, raises and even new job offerings. Over time you'll develop a reputation among your peers and clients that will help you establish your professional worth and grow your book of business.
  • Location. Even if you're one of the best and brightest psychologists in your field, you're just not going to earn as much as a psychologist practicing in New York City if you choose to work in a rural area like Lincoln, Nebraska. Where you set up your practice will be one of the determining factors in your earning potential as a psychologist. Obviously, the highest earning opportunities are going to be found in large cities, like New York City, San Francisco, Chicago, etc. Not only are salaries typically higher in these areas but the have a lot more people who require counseling, therapy and mental health services. However, when choosing where you work, you'll want to consider both earning potential as well as cost of living. While you can earn a lot more working in New York City, the cost of living is substantially lower in Lincoln, Nebraska.
  • Industry. The industry were you practice as well as your specialty as a psychologist will have a big impact on how much you make. Some of the highest paid psychologists include industrial-organizational psychologists working for private corporations. Some of the lowest paid psychologists include school psychologists and counselors working for the public education system.
  • Education Level. While earning an advanced degree will expand your job prospects and increase your earning potential, these days most practicing psychologists have a doctoral degree – the terminal degree in the field of psychology. Getting certified in a psychology specialty will help to distinguish you as an expert in your field of practice.

Psychologist Salary

0 - 1yrs
1 - 4yrs
5 - 9yrs
10 - 19yrs
20+ yrs
Clinical psychologist
School psychologist
Counseling psychologist
Forensic psychologist
(I-O) psychologist

Clinical psychologist.
Clinical psychologists tend to work with one particular client group, such as children or people with learning disabilities. They also often work in a particular setting, for example a hospital or through social services.

School psychologist.
A School psychologist is one who acts as a facilitator to develop the cognitive, social and behavioral development of the students in the school. The main job of a school psychologist is to understand and evaluate the psychology of the students to bring about changes in detrimental behavior and hone good behavior. The role of a school psychologist is very crucial for the overall development and progress of students in the school going age. The school psychologists work in groups as well as in individual teams to provide counseling and assistance to students having personal problems.

Counseling psychologist.
The counseling psychologist job description involves more of comforting and providing direction and succor to those who are emotionally disturbed.  A counseling psychologist is a mental health professional who works with patients to improve their mental, behavioral and emotional health.

Forensic psychologist
Primarily, forensic psychologists use their specialist knowledge of psychological theory to assess, treat and support prisoners and offenders. They also use their expertise to help victims and people who work within judicial institutions.
As well as helping people in need of psychological therapy, forensic psychologists play a vital role in the conviction and sentencing of criminals by outlining psychological profiles, giving evidence where necessary, and offering expert advice to parole boards.

Industrial-Organizational (I-O)  psychologist.
Industrial/Organizational Psychologists apply psychology principles to research on methods in improving the quality of work life in an organization or enterprise to achieve a healthy and productive balance between home and work. They often collaborate with HR staff in screening, training and counseling job applicants and workers as well as ensuring that the organization is properly structured to be conducive to productive and harmonious social relationships. They work with management in any organizational restructuring and are often hired as management consultants to address business problems suspected of having social, attitudinal or behavioral roots.