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How much does a psychologist make with a PhD?

Question:

How much does a psychologist make with a PhD?

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Answer:

According to the U.S. Bureau of Labor Statistics (BLS), in 2019 the median salary for a psychologist was $80,370 per year or $38.64 an hour. The BLS shows that the bottom 10% of psychologists earn less than $45,380 per year and the top 10% earn more than $132,070 per year. The median salary also varied on what position a psychologist worked. The average salary for an industrial-organizational psychologist was $92,880 per year. For clinical, counseling, and school psychologists the average salary is $78,200 per year. For all other psychologists, the average salary was $101,790 per year. The BLS also breaks down the average salary for psychologists based on what industry they are working in. For a psychologist working in a government position the average salary is $96,870 per year. A psychologist working in a state, local, or private hospital the average salary is $88,480 per year. For a psychologist working in ambulatory healthcare services the average salary is $82,250 per year. A psychologist that works in a state, local, or private school the average salary is $76,960 per year.

For more information about a career as a psychologist, check out this article:Psychologist: Career Summary and Educational Overview

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