Do Counseling psychologists make a lot of money?

Clinical, counseling and school psychologists averaged the highest earnings in California ($115,830), Hawaii ($110,780), Louisiana ($109,180), Oregon ($108,000) and Washington, D.C. ($106,920).

Why does counseling psychology pay so low?

The real reason counselors get paid what they do is quite simply, economics. One reason for the apparently low salaries is that practitioners accept those salaries. Electricians have a median salary around $50k and it takes 5-6 years to become a journeyman electrician — that includes 4-5 years working as an apprentice.

What branch of psychology makes the most money?

Psychiatry is by far the best-paying psychology career. The average salary is $245,673, according to the BLS. Job growth for psychiatrists is expected to be 15 percent by 2024, which is much faster than the average for all occupations.

Where do psychologists make the most money?

Best-Paying States for Psychologists The states and districts that pay Psychologists the highest mean salary are California ($117,610), Maryland ($112,260), Alaska ($112,260), Kansas ($104,980), and Washington ($103,440).

How much do psychologists make an hour?

How much does a Psychologist make? While ZipRecruiter is seeing hourly wages as high as $96.15 and as low as $14.18, the majority of Psychologist wages currently range between $37.74 (25th percentile) to $61.30 (75th percentile) across the United States.

How much do counseling psychologists make?

This official government source states the median salary for all psychologists was $79,000 in 2018. The top 10% earned $129,200, which generally requires a Psychology doctoral degree and many years of counseling work experience. For counseling psychologists, the reported salary is $76,990.

How many years of school to become a counseling psychologist?

In most cases, becoming a licensed psychologist can take as little as eight years or as long as 12 years. In order to become a licensed clinical psychologist, you need an undergraduate degree (four to five years of college) plus a doctorate in psychology (four to seven years of graduate school).

What is the average starting salary for a psychologist?

An entry-level Psychologist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $67,542 based on 80 salaries. An early career Psychologist with 1-4 years of experience earns an average total compensation of $72,749 based on 582 salaries.

What is the average hourly rate for a psychologist?

These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Psychologist – M.A. in the United States. The average hourly rate for Psychologist – M.A. ranges from $39 to $50 with the average hourly pay of $44.