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What is the average salary for a psychiatrist?
I am a senior student at Brennan high school and am interested in being a psychiatrist. When looking up the average salary i often find many different answers and was wondering if there was one set salary. #psychology #psychiatry #salary
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Vince’s Answer
Hi Payton,
Psychiatrists are among the highest paid in the field of psychology. This will vary by employer and location like most professions, however, the median salary is currently $200,000 a year, with even the lowest paid psychiatrists making around $140,000 per year (https://money.usnews.com/careers/best-jobs/psychiatrist/salary).
The path to becoming a psychiatrist involves a college degree as well as graduate and medical school (typically around 7+ years of school beyond college). It would involve rigorous education in both psychology and the natural sciences (like biology and chemistry).
The next step on the way to psychiatry from high school would be a bachelor of science in psychology, which would provide training in psychology as well as the pre-medical courses in the natural sciences needed to prepare for medical school.
Psychiatrists are among the highest paid in the field of psychology. This will vary by employer and location like most professions, however, the median salary is currently $200,000 a year, with even the lowest paid psychiatrists making around $140,000 per year (https://money.usnews.com/careers/best-jobs/psychiatrist/salary).
The path to becoming a psychiatrist involves a college degree as well as graduate and medical school (typically around 7+ years of school beyond college). It would involve rigorous education in both psychology and the natural sciences (like biology and chemistry).
The next step on the way to psychiatry from high school would be a bachelor of science in psychology, which would provide training in psychology as well as the pre-medical courses in the natural sciences needed to prepare for medical school.
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Michael’s Answer
Psychiatry and Psychology are two different fields. While psychiatry pays about twice as much as psychology, it is actually one of the lowest-paid medical specialties (return on investment for the extra years of training past the M.D.) The typical Ph.D. psychologist will start at around $80,000 a year, the typical psychiatrist will start at 160,000 and quickly rise to $200,000 as they build their practice. But a psychiatrist is an M.D. with a residency and by contrast, an orthopedic surgeon, with roughly the same number of years training, will make between $382,050 and $628,680--and once you are in medical school, the path you take could lead you to either place. The bottom line is you don't choose psychiatry for the money.