If you’re considering a career in clinical psychology, one of the biggest questions on your mind is likely “What is the average salary for clinical psychology?” It’s an important question to ask, as it will impact your earning potential and future career prospects.
What is Clinical Psychology?
Clinical psychology is a branch of psychology that focuses on diagnosing and treating mental illness and emotional disorders. Clinical psychologists work with individuals, couples, families, and groups to help them overcome a wide range of psychological problems such as depression, anxiety, and addiction.
Factors That Affect Clinical Psychologist Salary
The salary for clinical psychologists can vary greatly based on several factors such as education level, experience, specialty area, location, and employment setting. According to the Bureau of Labor Statistics (BLS), the median annual salary for all psychologists was $80,370 as of May 2020. However, this number can vary widely based on multiple factors.
Education Level: To become a licensed clinical psychologist in the US one must have a doctoral degree in psychology. Those with doctoral degrees generally earn higher salaries than those with master’s degrees or other lower-level qualifications.
Experience: The more experience you have in the field of clinical psychology; the higher your earning potential will be. Experienced psychologists can earn significantly more than entry-level professionals.
Specialty Area: Specializing in a particular area within clinical psychology can also impact salary levels. For example, those working exclusively with children may earn less than those working with adults or specializing in forensic psychology.
Location: Salary levels also vary depending on where you practice. Generally speaking; large cities tend to offer higher salaries than rural areas.
Employment Setting: The type of employment setting you work in can also have an impact on your salary. Private practice settings may offer higher salaries compared to non-profit or government settings.
Average Salary for Clinical Psychologists
According to the BLS, the median annual salary for clinical psychologists was $81,230 as of May 2020. However, this number can vary widely based on the factors mentioned earlier. The lowest 10% of earners in this field earned less than $45,380 per year while the highest 10% earned over $135,900 per year.
While salary is an important factor to consider when pursuing a career in clinical psychology, it’s also important to remember that job satisfaction and making a positive impact on people’s lives are equally important. With hard work and dedication; you can achieve success in this field regardless of the initial salary levels.