Salary Information for Psychiatrists
Interested in becoming a psychiatrist? This career option takes about twelve years of education, so it’s no small undertaking. However, after you graduate, the salary you can expect might make all the work worth it! Here’s what you need to know about salary rates for psychiatrists.
Average Salary for a Psychiatrist
According to the Bureau of Labor Statistics, psychiatrists earn an average of $167,610 annually (or $80.58 per hour). Even the bottom ten percent of psychiatrists, often working in rural areas or less intense positions, earn and average of $65,530 annually, so as you can seen, there’s definitely the opportunity to make a lot of money in this field.
Top Locations for Psychiatrists, by Salary
Where you decide to live and work plays a huge role in the salary you can expect to earn as a psychiatrist. Studies show that the top-paying positions are found in the following states:
- Oregon: $229,210
- Minnesota: $207,070
- Wyoming: $206,770
- Nebraska: $206,020
- Iowa: $202,380
More specifically, top-paying jobs can be found in the following metropolitan areas:
- Waterbury, CT: $240,870
- Rochester, MN: $235,280
- San Diego-Carlsbad-San Marcos, CA: $227,650
- Portland-Vancouver-Beaverton, OR-WA: $226,010
- Indianapolis-Carmel, IN: $224,410
- Raleigh-Cary, NC: $220,860
- Newark-Union, NJ-PA: $215,280
- Lowell-Billerica-Chelmsford, MA-NH: $214,060
- Sacramento-Arden-Arcade-Roseville, CA: $212,650
- Lincoln, NE: $212,450
As a psychiatrist, you can almost always make more money working in an urban environment. That said, there are some more rural environments that offer high salaries as well. Check out job openings in more rural areas of Kentucky, Pennsylvania, Maine, West Virginia, and Upstate New York.
Salary by Type of Employer
The type of employer who hires you also plays a role in the money you can expect to make. Statistics show that the highest average salaries are found with the following types of employers:
- State Government Branches: $196,020
- Nursing Homes: $190,100
- Outpatient Care Facilities: $188,210
- Other Residential Facilities: $186,770
- Substance Abuse, Mental Health, and Mental Retardation Care Facilities: $180,460
Other common places where psychiatrists are hired include corporations, schools, hospitals, home health care companies, physician offices, psychiatric hospitals, substance abuse hospitals, clinics, and other government branches.
Psychiatrists also have the option of going into business for themselves. Since you’ll have a medical license, you can operate independently, without the supervision of another medical doctor, though many psychiatrists do choose to associate with a specific hospital or health care facility.
Online Programs and Schools for Psychiatry
|BS - Psychology BS - Child Psychology MS - Psychology MS - Addictions Psychology||Kaplan University Kaplan University offers students BS in Psychology, BS in Child Psychology, MS in Psychology, and MS in Addictions Psychology. These programs explore historical trends, concepts, values, theories, studies, and research methods of the specific degree field. Graduates are competitive for a variety of careers in the psychology field.|
|AA - Psychology BS - Psychology||Liberty University Liberty University features two great programs in psychology, the AA in Psychology and BS in Psychology. These programs focus on the expansion of knowledge and provide the opportunity to perform research and service. Specializations include Adult Development, Child/Adolescent Development, Clinical/Experimental, Human Services/Counseling, and Industrial/Organizational. Graduates find jobs in private practice, human resources, and many other exciting fields.|
|BA - Psychology||Post University The BA in Psychology from Post University features two applied tracks: Health Education and Community Services and Organizational Studies. Students have the option to take courses in the liberal arts, organized leadership, or personal development. Many graduates gain employment as behavior analysts, caseworkers, family social workers, and research specialists.|
|BS - Psychology MS - General Psychology MS - I/O Psychology PhD - Cognitive Psychology PhD - I/O Psychology||Grand Canyon University Grand Canyon University offers students the BS in Psychology, MS in General Psychology, MS in I/O Psychology, PhD in Cognitive Psychology, and PhD in I/O Psychology. These programs offer both a broad array of courses that increase the understanding of past and present human actions and opportunities for individuated research.|
|MS - Psychology MS - Clinical Psychology MS - Leadership Psychology MS - Social Psychology PhD - Psychology||Walden University The MS in Psychology, MS in Clinical Psychology, MS in Leadership Psychology, MS in Social Psychology, and PhD in Psychology from Walden University provide students with myriad of options for their psychology studies. Concentrations include: Child Development, Infant Toddler and Preschool, Criminal Justice, Human Services, and Psychology Applied to Everyday Life.|