Psychologist Salary

Psychologist Salary: Psychologist typically work and earn salaries in a variety of settings that include schools, clinics and private practice.  While difficult to determine the exact number of hours employed 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. 

Psychologist Salary: Median  Hourly & Annual Data

HOURLY

Psychologists median salary is $30.00 per hour. The lowest 10% earn $17.79 per hour and those in the upper 10% earn more than $52.00 per hour.

ANNUALLY

On an annual basis the median Psychologists salary is greater than $54,950. The lowest 10% less than $32,280 per year while the upper 10% earned more than $92,250.  These salaries are calculated as a mean or average. 

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.  Approximately 72,000 Psychologists are in private practice or self-employed.  This leaves approximately 107,000 who actually are considered employed. 

EMPLOYMENT DATA

According to the US Bureau of Labor Statistics there are over 179,000 Psychologists employed in the United States.

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.

Other Industries that employ Psychologists

A number of psychologists work for the government and as teachers or faculty at colleges.

Employment Benefits

Fringe benefits are going to be similar to those enjoyed by most healthcare workers. The size of the organization and other factors will often drive the type of benefits available. A typical employment benefits package is worth over $20,000 per year.

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