If you?re thinking about pursuing a career in psychology and are wondering what the current psychologist salary is going to be, know that it can fluctuate. One good place to get a feel for the various earning potentials is in the Occupational Outlook Handbook from the U.S. Department of Labor. Published in 2008, this handbook offers individuals a good estimate about the median salaries currently available.
The median salary is currently around $64K including the clinical, school and general counseling psychologists. On the low end, the earnings were around $38,000 and on the upper end about $106,000. Like most jobs, the experience level and subfield of psychology makes all the difference.
For instance, a clinical psychologist will make in the low $60s. Cognitive psychologists start out around $55,000 while forensic psychologists earn around $60,000. While psychologists with a strong background can earn up to $85,000, entry level positions can be had at $40,000.
Human resource management, employee productivity and training are just a few of the areas that an Industrial/Organization psychologist deals with earning up to $100K+ per year. However, the starting salaries are low for an Industrial/Organizational psychologist according to the latest from the Society of Industrial and Organizational Psychology. The starting salaries are as follows: Master?s degree ? $39K; PhD ? $55K; Median ? $80K; working in the private sector ? $100K.
Although opportunities exist all over the field, most people with bachelor?s degrees tend to work in the human resources arena. Getting a master?s degree will raise the salary of anyone working in the field. With a Ph.D. a person can find employment opportunities all over the psychology field.
The Industrial/Organizational psychologist commands the highest level of pay, it does require a certain type of mindset. Research and numbers crunching is the main thing that Industrial/Organizational psychologists tend to deal with. Because this job involves extensive research and a good knowledge of statistics, only certain types of people will find this job rewarding.
Clinical psychology is more about dealing with people, assessing, diagnosing and providing treatment for mental disorders. This type of psychologist also provides preventative measures and works in a medical setting. Although a clinical psychologist is not a medical doctor, they represent one of the largest subcategory of psychologists in a medical setting The psychology subcategory covers a wide range of groups: learning disabled, drug and alcohol abuse, childhood, adult and geriatric mental health issues.
Taught a wide variety of techniques and approaches, a clinical psychologist can look to earn between $40,000 and $50,000.
At the end of the day, whatever career you?re considering, it isn?t the psychologist salary that counts as much as pursuing a career that you love. Going into a career as an Industrial and Organizational psychologist might be a mistake if you really are a people person. The flip side to that coin is that if you love to do research and find statistics to be very interesting, then it might be right up your alley.
For more information regarding the psychologist salary, how to become a psychologist and much more, be sure to visit: Psychologist Salary
Source: http://newhealthandfitness.org/2012/02/21/average-psychologist-salary-differences/
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