Median Earnings
The Occupational Outlook Handbook published by the Bureau of Labor Statistics reports that the median annual wage for clinical psychologists in 2018 was $76,990. A PayScale.com salary survey found that the median annual salary for clinical psychologists was $79,117. However, those who are self-employed in private practice reported significantly higher annual earnings of around $110,000.
What They Do
Clinical psychologists make up one of the largest specialty areas within psychology. Licensed clinical psychologists work in a variety of settings, including private practices, hospitals, mental health clinics, and academic settings. These professionals are concerned with the prevention, assessment, diagnosis, and treatment of mental illnesses.
A Closer Look at Salaries
In a 2015 survey by the American Psychological Association, the average salary for a licensed clinical psychologist was $80,000. According to Payscale.com, typical salaries for clinical psychologists range between $50,000 and $112,000. However, it’s important to note that several different factors can impact the salary you might expect, including your level of education, years of experience, work setting, and geographic location. Clinical psychologists can be very well paid for what they do depending on where they work and how much experience they have. Here’s how their salaries compare to those of other psychology professions according to the Occupational Outlook Handbook:
Job Outlook
Clinical psychologists, as well as counseling and school psychologists, are expected to remain in demand in the future as more people seek out help for mental problems such as depression, anxiety, addiction, and other disorders. The U.S. Department of Labor predicts that employment for clinical, counseling, and school psychologists will grow by 15% through the year 2028, which is faster than the average for all occupations.
Education and Training
It’s important to note that the greatest growth is expected for clinical psychologists with doctoral degrees. Those with masters level degrees can be psychological assistants or go into industrial-organizational psychology, and they’re expected to face fierce competition for positions, many of which are not directly in the field of psychology. Most states require a minimum of a doctorate degree in clinical psychology, a supervised postgraduate residency, and the completion of state licensing exams. There was an error. Please try again.
