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The median annual wage for psychologists was $70,700 in May 2014. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $40,240, and the highest 10 percent earned more than $114,290.
Median annual wages for psychologists in May 2014 were as follows:
In May 2014, the median annual wages for psychologists in the top industries in which they worked were as follows:
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: U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition
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