Psychologist Salary

Psychologist Salary: Psychologists typically works and earn salaries in a variety of settings that include schools, clinics and private practice.   The exact number of hours worked per week varies depending on the work setting.

The US Bureau of Labor Statistics considers full time employment to be 40 hours per week or 2080 hours per year. The American Psychological Association Research Office's salary survey estimated that the average full time work week was 35 hours.  

The hourly and annual wages reported here are based on the assumption that full time employment is 40 hours per week. 


Median Hourly & Annual Data

 

Hourly Wage

$20.46

$32.40

$43.82

$50.42

$56.29

Annual Wage

$42,550

$67,390

$91,140

$104,880

$117,090

Percentile

10%

25%

50%

75%

90%

Hourly

Psychologists’ average salary is less than $43.80 per hour. The lowest 10% earn less than $20.46 per hour and those in the upper 10% earn more than $56.00 per hour.

Annually

On an annual basis the average Psychologist salary is greater than $68,000. The lowest 10% less than $42,550 per year while the upper 10% earned more than $117,090. These salaries are calculated as a mean or average.

Lowest and Highest Psychologist Salary

The lowest paid psychologist earns less than $19 per hour. Presumably this is offset by costs of living and other factors. The lower pay levels are associated with rural areas. The highest pay levels are found in major metropolitan areas where the mean or average wage is over $53 per hour. Demand and low supply seem to be a significant factor in fueling higher salaries.

Top 5 States

The 5 best paying states for a psychologist salary are New Hampshire $132,590, Minnesota $123,600, Maryland $104,770, Iowa $100,300 and Kansas $98,830.

Top 5 Metropolitan Areas

The top 5 best paying metropolitan areas are Pensacola-Ferry Pass-Brent, FL $122,220, Orlando-Kissimmee-Sanford, FL $111,670, Sacramento--Arden-Arcade--Roseville, CA $110,350, Bethesda-Rockville-Frederick, MD Metropolitan Division $106,150, and Alexandria, LA $103,150.

Click here to see the salary of Psychologists for all 50 states

Other Industries that Employ Psychologists

A number of psychologists work for the government and as teachers or faculty at colleges. There are also some psychologists working for the U.S. military.


Employment Data

According to the US Bureau of Labor Statistics there are over 100,000 Psychologists employed in the United States as clinical, counseling or school psychologists and about 1300 hundred industrial-organizational psychologists.

Where They Work

Of all the Psychologists employed in the United States approximately 25% work in educational institutions. Approximately 40% are considered self employed. 20% work directly in health care settings such as hospitals and clinics. The remaining 15% work in local, state, and federal government settings.

Private Practice vs. Employment

A rapidly growing trend among professionals is the establishment of a private practice after a few years working and gaining experience. A significant percentage of psychologists are self-employed.

Fringe Benefits

Fringe benefits will vary depending on business size and other factors. Typical employment benefits can be worth $20,000 per year.

International Salary

United Kingdom (UK)[1]

Trainee clinical psychologists start at Band 6 (£25,783) of the NHS Agenda for Change Pay Rates . After qualification, salaries within the National Health Service (NHS) start at Band 7. A typical starting salary would be in the region of £30,764.

More experienced psychologists (Band 8a) can earn up to £47,088. Band 8b-d roles apply to senior experienced psychologists, possibly managing departments or large specialist sections with responsibility for the psychology service and its staff. Salaries in these posts range from £45,707 to more than £81,000 for top-level posts. The NHS pays a London high cost area supplement at 20% of basic salary for inner London, 15% for outer London and 5% for fringe areas.

Salaries in private hospitals and private practice vary. Working hours are generally 9am to 5pm, with the possibility of extra hours in the evening or at weekends. Occasionally, an on-call system covering emergency situations may be in operation.

Canada[2]

Psychologist, behavioral therapist and clinical psychologist - According to the latest figures, the highest hourly average wages are earned in Edmonton, Alberta at $49.37 per hour and the lowest average wages are earned in Montreal, Quebec at $21.03 per hour.

A typical full-time annual salary for this occupation is in the region of $55,000 – $65,000. Government data indicates that there will be enough job seekers for this profession for the near future.

Australia[3]

Psychologists evaluate, diagnose and treat patients with a variety of issues and concerns to promote emotional and mental well-being. They should have excellent communication and analytical abilities in order to work with patients and evaluate progress.

·         Starting salary:$45,000 P/A

·         Senior salary:$130,000 P/A

·         Average salary:$75,000 P/A

o   Wages will vary according to your level of skill, experience and employer

·         Employment level: 20,000 as of November 2012 (Projected employment levels in 2017 of 23,900)

·         Average weekly hours: Average weekly hours worked for a full time Psychologist is 40 hours

·         Employment by region: The top three regions for employment as a Psychologist include:

o   QLD: 28.2%

o   VIC: 23.2%

o   NSW: 20.9%


[1] http://www.prospects.ac.uk/clinical_psychologist_salary.htm [2] http://www.livingin-canada.com/salaries-for-psychologists.html [3] http://www.open.edu.au/careers/healthcare-medical-pharmaceuticals/psychologists



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