Clinical Mental Health Counseling Salary – Since there is so much diversity among the psychology professions, it’s only natural that there is also potential profit.
It is well known that psychology degrees lead to some of the most rewarding careers for those who want to make a significant positive impact on the world around them. Those who study or practice cognitive psychology tend to be empathetic and determined professionals interested in understanding human behavior, social behavior, and improving people’s mental lives. On the other hand, it is a little known fact that some professions in the field of psychology are very profitable in terms of income. Some leading psychologists and psychiatrists in the field even earn a quarter of a million marks a year!
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While we know that people who enter a helping profession like psychology are looking after their mental health and not in it for the money, earning a good income now and in the future gives you peace of mind. By increasing your salary, you can pay off student loans sooner, put more money towards retirement, save more money for your children’s college education, and more.
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Of course, earning more money means you also have a greater ability to buy a home that suits you, pay for comforts like a nicer vehicle, and afford longer or more frequent vacations—which is what you need from because this is a very taxing profession!
With all this in mind, we have compiled a detailed list of some of the highest paying jobs related to cognitive psychology and clinical psychology. Let’s take a look!
Psychiatrists are doctors with specialized training in the treatment of mental and emotional disorders. They specialize in clinical psychology and have the ability to diagnose and treat mental illnesses, mental disorders, mental health problems and help their patients in personal development. They are also well versed in child psychology and child development where most of our psychological processes are shaped.
Although both psychiatrists and psychologists can provide expert medical advice to improve mental health, they differ in their professional abilities. Psychiatrists are distinguished by having a medical degree in the scientific study of human behavior and internal mental processes. This gives them the ability to prescribe drugs to treat mental illnesses.
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Like a doctor, psychiatrists often perform diagnostic tests and physical examinations. Through psychotherapy techniques, psychiatrists can also help patients talk about their problems and find solutions for significant improvements in their lives.
Without a doubt, psychiatry is the most lucrative field to enter psychology. According to the Bureau of Labor Statistics, the median annual salary for psychiatrists in 2020 was $217,100. That’s almost $40,000 more per year than in 2012, which was $177,520. The 2020 average hourly wage is $104.38.
Psychiatrists working in the home health care sector earn significantly more than the average, $262,120 per year. Those working in local government also have higher than average salaries, averaging $259,010 per year.
In fact, psychiatrists who work in residential and outpatient settings also earn more than the average, $256,040 and $249,260 per year, respectively.
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If you are interested in a career as a psychiatrist, the geographic location where you work can have a significant impact on your earnings. For example, psychiatrists in North Dakota earn more on average than any other state with a median annual income of $288,060 or a median hourly wage of $138.49. Kansas psychiatrists are not far behind with an average annual salary of $281,410. Minnesota, New Mexico and Nebraska are among the top five states with the highest salaries for psychiatrists. In each of these states, you can earn an average annual salary of more than $268,000.
However, it is important not to be blinded by these exorbitant salaries as attaining these positions requires a lot of dedication. After a student receives a bachelor’s degree in psychology or a related science, he or she must enroll in an accredited medical school to obtain an M.D. degree.
In addition, medical students must complete a four-year internship as well as at least three to four years of practice in the field. Prospective psychiatrists must then pass an exam to become certified by the American Board of Psychiatry and Neurology. The path to becoming a psychiatrist is long and difficult and requires a lot of psychological work and research as well as research topics. The student must have a deep passion for psychology and a desire to help people with their mental health and mental illness.
Industrial-organizational psychologists work in business positions to use their expertise to improve workplace performance. These psychologists study human behavior in the workplace to increase productivity and efficiency. We may all have different human psychological characteristics, but understanding the mental processes of employees can greatly influence work behavior. Industrial-organizational psychologists are also involved in employee training, business management, marketing strategies, and human resources.
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If you like research and scientific research and are passionate about statistics or business, there are a number of universities that offer a bachelor’s degree in industrial-organizational psychology for entry-level human resources positions. However, when you further your education by earning a master’s or doctorate, job opportunities and salary increase.
According to Bureau of Labor Statistics data as of May 2020, the median annual salary for industrial-organizational psychologists is $112,690. That’s up from $98,800 per year in 2012. The 2020 average hourly wage is $54.18.
Although the bottom ten percent of earners in this field may only earn an average of $57,440 per year, there is great earning potential as the top ten percent of earners in the field earn $192,800 per year.
Industrial-organizational psychologists can find the highest paying jobs in scientific research and development, where they earn an average annual salary of $150,910. Industrial-organizational psychologists working in local government also earn a six-figure salary of $112,020. Other top industries include higher education, management and consulting services, and state government, all of which offer a median annual salary of $86,460 or more. years
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The best place to work as an industrial-organizational psychologist is California. There, you can expect to receive an annual salary close to the average, which is $119,100. New Jersey industrial-organizational psychologists also have an average annual salary of six figures – $106,570 to be exact.
To put things into perspective, the fifth highest paying state for IO psychologists is Texas. There, you can expect to earn just $64,820 a year. It shows how geographic location can have a drastic effect on how much you can expect to earn — and how much of a drop there is in average income from the highest-paying states to the states below them on the income list. Choose where you live and work carefully because it can mean tens of thousands of dollars in difference in income each year.
Engineering psychology is a rapidly growing profession. That is why it is one of the best paying jobs in the field of psychology. The demand for skilled workers is high, and this often means that employers will pay a premium for the services of an engineering psychologist.
Engineering psychologists focus on improving technology, machines, and the workplace environment to improve human behavior and develop better mental processes. Like the field of ergonomics, engineering psychology focuses on understanding people’s abilities and limitations through psychological research and then adapting systems accordingly.
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Engineering psychologists can have very rewarding careers because they can often save lives by reducing the risk of fatal errors or injuries and producing safer products. Although engineering psychologists can begin work in entry-level positions with a master’s degree, a doctorate broadens job opportunities and allows for higher pay.
According to ZipRecruiter, the national average salary for engineering psychologists is $98,887 per year. The salary range for this position ranges from a low of $27,500 per year to a high of $181,500 per year.
Of course, salaries in this profession vary greatly. There are many factors that affect potential earnings. First, the level of education is a key factor. If you have a bachelor’s degree, you will be in an entry-level position and will earn less than someone with a master’s or doctorate. Second, your experience level will affect how much you earn. If you’re fresh out of college with no experience, you’ll make less—and probably much less—than an engineering psychologist with 10 years of experience.
And, as we’ve discussed with other jobs on this list, where you live and work has a significant impact on your potential salary. For engineering psychologists, San Francisco is the best city to work in by income – you can earn $123,361 a year. Actually four
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