In this salary guide, you will find out how much do Industrial-Organizational Psychologists make.
After reading this, you will be able to make a decision if working as an Industrial-Organizational Psychologist will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).
$104570 per year
$50.270 per hour
One of the most popular questions we get from our readers here at OwlGuru is how much do I/O Psychologists make per year and what is their hourly wage.
According to BLS, the average annual salary of I/O Psychologists is $104570. Their salary can also be as low as $52950 if you’re still a newbie with no experience to over $184380 if you have a ton of experience under your belt.
The typical hourly pay is $50.270 and can range from $25.460 to $88.640 which also depends if you’re a newbie or a professional.
Just like any other job, the salary of An I/O Psychologist will vary based on your education and experience level.
# = Over $100 per hour or $200,000 per year.
We wanted to make it easy for our readers to compare the salary of An I/O Psychologist to all the other careers out there. So we created Salary Rank.
This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.
After comparing how much do I/O Psychologists make with other careers, they have a salary rank of A.
|Highest (Top 10%)||$88.640||$184380|
|Senior (Top 25%)||$66.110||$137510|
|Middle (Mid 50%)||$39.790||$82760|
|Junior (Bottom 25%)||$31.920||$66390|
|No experience (Bottom 10%)||$25.460||$52950|
Entry-level I/O Psychologists who starts out at $66390 can expect to make $82760 after 3-5 years of experience in the field.
The bottom 10% makes less than $25.460 per hour while the top 10% makes over $88.640 per hour.
While the median wage is $82760 per annum or $39.790 per hour.
Depending on who you work for, you might also get overtime pay.
# = Over $100 per hour or $200,000 per year.
Highest paying industries
|Industry name||Hourly wage||Annual salary|
|Educational Services, Privately owned||54.39||113120|
|Research and Development in the Social Sciences and Humanities||54.38||113110|
|Scientific Research and Development Services||53.15||110550|
|Architectural, Engineering, and Related Services||50.69||105430|
|Management of Companies and Enterprises||48.44||100750|
|Educational Services (including private, state, and local government schools)||46.84||97430|
|Health Care and Social Assistance (including private, state, and local government hospitals)||46.46||96650|
|All industries, private ownership only||45.3||94230|
|Professional, Scientific, and Technical Services||43.84||91200|
|Local government, including schools and hospitals||42.35||88090|
|Elementary and Secondary Schools (including private, state, and local government schools)||39.98||83160|
|Elementary and Secondary Schools, Local government owned||39.98||83160|
|Management, Scientific, and Technical Consulting Services||39.95||83110|
|Educational Services, Local government owned||39.48||82130|
|Colleges, Universities, and Professional Schools (including private, state, and local government schools)||38.48||80040|
|Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service||37.61||78230|
|Federal, State, and Local Government||37.47||77940|
|Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service||37.47||77940|
|State Government, excluding schools and hospitals||36.01||74900|
|State government, including schools and hospitals||35.49||73810|
Not all industries pay the same for Industrial-Organizational Psychologists.
One of the easiest way to increase your salary is to change industries and find a higher paying one.
Highest paying states
Another simple way to boost your pay as An I/O Psychologist is to move to a higher paying state. However moving to a higher paying state like CA doesn’t mean you will make more overall. This is because the expenses at CA may be 2x higher than where you are currently living at right now.
According to the BLS, the highest paid / most successful I/O Psychologists are in the states of CA, PA, MN, MA and OH. The average salary in CA is $120910.
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