Psychologist Earnings

The median annual wage of psychologists was $68,640 in May 2010. The median wage is the wage at which half of the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $39,200, and the top 10 percent earned more than $111,810.

This topic continues below:

The median annual wages of psychologist occupations in May 2010 were the following:

• $87,330 for industrial-organizational psychologists
• $66,810 for clinical, counseling, and school psychologists
• $89,900 for psychologists, all other

Psychologists in private practice can often set their own hours, and many work part time as independent consultants. However, they often offer evening or weekend hours to accommodate clients. Those employed in hospitals, nursing homes, or other healthcare facilities may also have evening or weekend shifts. Most psychologists working in clinics, government, industry, or schools work full-time schedules during regular business hours.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition