Psychiatrists Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Psychiatrists
do Psychiatrists make a lot of money

Psychiatrists

Other names for this job might include Addiction Psychiatrist, Adult Psychiatrist, Behavioral Analyst, Behavioral Specialist, Child & Adolescent Psychiatrist, Child Psychiatrist, Clinical Director, Clinical Psychiatrist, Consulting Psychiatrist, Doctor


  • $200220
    Salary
  • 85%
    Job satisfaction
  • Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

A+



How Much Successful Psychiatrists Make In 2017


In this salary guide, you will find out how much do Psychiatrists make.

After reading this, you will be able to make a decision if working as a Psychiatrist will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$200220 per year

Hourly wage
$96.260 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Psychiatrists make per year and what is their hourly wage.

According to BLS, the average annual salary of Psychiatrists is $200220. Their salary can also be as low as $61330 if you’re still a newbie with no experience to over $# if you have a ton of experience under your belt.

The typical hourly pay is $96.260 and can range from $29.480 to $# which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Psychiatrist will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
A

We wanted to make it easy for our readers to compare the salary of A Psychiatrist 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 Psychiatrists make with other careers, they have a salary rank of A.



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Salary range

LevelHourlyYearly
Highest (Top 10%)Over $100Over $200,000
Senior (Top 25%)Over $100Over $200,000
Middle (Mid 50%)$93.630$194740
Junior (Bottom 25%)$60.370$125570
No experience (Bottom 10%)$29.480$61330


Entry-level Psychiatrists who starts out at $125570 can expect to make $194740 after 3-5 years of experience in the field.

The bottom 10% makes less than $29.480 per hour while the top 10% makes over $# per hour.

While the median wage is $194740 per annum or $93.630 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 nameHourly wageAnnual salary
Home Health Care Services104.2216730
State Government, excluding schools and hospitals96.88201520
Colleges, universities, and professional schools, State government owned96.4200520
Educational Services, State government owned96.36200430
Federal, State, and Local Government95.25198120
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service95.25198120
Outpatient Mental Health and Substance Abuse Centers94.96197510
Individual and Family Services94.72197030
Community Food and Housing, and Emergency and Other Relief Services94.72197030
Outpatient Care Centers94.62196820
Social Assistance94.39196330
Scientific Research and Development Services94.01195540
Research and Development in the Physical, Engineering, and Life Sciences94.01195540
Local Government, excluding schools and hospitals94195510
Colleges, Universities, and Professional Schools (including private, state, and local government schools)93.83195160
Management of Companies and Enterprises93.4194270
Educational Services (including private, state, and local government schools)92.75192920
Professional, Scientific, and Technical Services92.28191940
Local government, including schools and hospitals92.26191910
Residential Mental Health and Substance Abuse Facilities92.01191380
Vocational Rehabilitation Services91.77190890
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities90.53188310
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service90.43188100
Psychiatric and Substance Abuse Hospitals, Privately owned90.16187530
State government, including schools and hospitals89.69186550
Employment Services89.64186450
Sector 56- Administrative and Support and Waste Management and Remediation Services89.61186400
Administrative and Support Services89.61186400
Nursing and Residential Care Facilities89.08185290
All industries87.84182700
Ambulatory Health Care Services87.54182090
Hospitals, Local government owned87.23181430
General Medical and Surgical Hospitals, Local government owned87.18181330
All industries, private ownership only86.92180800
Health Care and Social Assistance (including private, state, and local government hospitals)86.73180390
Offices of Other Health Practitioners86.61180140
Other Residential Care Facilities86.57180070
Offices of Mental Health Practitioners (except Physicians)85.99178850
Psychiatric and Substance Abuse Hospitals (including private, state, and local government hospitals)85.56177960
Specialty hospitals, State government owned85.5177840
Elementary and Secondary Schools, Privately owned85.45177740
Specialty (except Psychiatric and Substance Abuse) Hospitals (including private, state, and local government hospitals)85.03176860
Residential Intellectual and Developmental Disability Facilities84.94176670
Specialty hospitals, Privately owned84.92176630
Hospitals, Privately owned84.56175890
Offices of Physicians84.2175140
Hospitals (including private, state, and local government hospitals)84.17175070
Hospitals, State government owned82.86172350
Services for the Elderly and Persons with Disabilities82.83172290
Psychiatric and Substance Abuse Hospitals, State government owned82.81172240
General Medical and Surgical Hospitals (including private, state, and local government hospitals)82.53171660
General Medical and Surgical Hospitals, Privately owned81.91170370
Elementary and Secondary Schools (including private, state, and local government schools)80.46167350
Educational Services, Privately owned79.01164340
Colleges, universities, and professional schools, Privately owned78.98164270
Finance and Insurance68.28142020
Insurance Carriers and Related Activities68.28142020
Insurance Carriers67.52140440

Not all industries pay the same for Psychiatrists.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
CA$120.24$250090
WY$115.81$240890
SD$115.72$240710
IN$114.8$238780
AK$112.56$234130
KY$109.56$227890
IA$108.1$224860
GA$107.96$224560
MS$106.75$222040
NJ$104.66$217690

Another simple way to boost your pay as A Psychiatrist 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 Psychiatrists are in the states of CA, WY, SD, IN and AK. The average salary in CA is $250090.



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Rank: B
Salary: $43990

They counsel with emphasis on prevention. Work with individuals and groups to promote optimum mental and emotional health. May help individuals deal with issues associated with addictions and substance abuse; family, parenting, and marital problems; stress management; self-esteem; and aging.
Rank: B+
Salary: $51730

They diagnose and treat mental and emotional disorders, whether cognitive, affective, or behavioral, within the context of marriage and family systems. Apply psychotherapeutic and family systems theories and techniques in the delivery of services to individuals, couples, and families for the purpose of treating such diagnosed nervous and mental disorders.
Rank: A
Salary: $69790

They provide advanced nursing care for patients with psychiatric disorders. May provide psychotherapy under the direction of a psychiatrist.
Rank: A+
Salary: $186320

They prescribe or administer treatment, therapy, medication, vaccination, and other specialized medical care to treat or prevent illness, disease, or injury.
Rank: B
Salary: $53590

They provide individuals, families, and groups with the psychosocial support needed to cope with chronic, acute, or terminal illnesses. Services include advising family care givers, providing patient education and counseling, and making referrals for other services. May also provide care and case management or interventions designed to promote health, prevent disease, and address barriers to access to healthcare.





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Related to Psychiatrists Salary

Psychiatrists salary, how much do Psychiatrists earn, Psychiatrists hourly wage, Psychiatrists annual pay, highest paying industries for Psychiatrists, which states pay the highest for Psychiatrists

Additional resources

http://www.bls.gov/OOH/healthcare/physicians-and-surgeons.htm
http://www.aafp.org/online/en/home.html
http://www.ama-assn.org/
http://www.abms.org/

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Psychiatrists
Written by: Stanley Tan
Psychiatrists prescribe, direct, or administer psychotherapeutic treatments or medications to treat mental, emotional, or behavioral disorders.
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