A median psychiatrist salary in the United States is reported to be around $198,000 per year. The salary of a psychiatrist is very much dependent on many factors, as is the case for many professions. Factors such as location of practice, number of years of experience, sub-specialization, and type of and size of establishment can all affect their salaries.
The lowest 10th percentile in the profession earns a mean salary of $158,000 or less per year. The highest 10th percentile earns a salary of about $241,000 or more per year. The middle 50% of the workforce earns between $178,000 and $221,000.
When you add on benefits such as bonuses, health care, pension, social security, 401K and paid vacations, the total pay package for a psychiatrist can average about $265,000 per annum.
A psychiatrist’s salary is not the highest in the medical field but still is a competitive salary compared to other professions.
Job description of a psychiatrist
A psychiatrist is a physician that that is trained to diagnose and treat mental disorders in patients. They sometimes over consultation services to other physicians. Psychiatrists are not the same as psychologists. They are full trained doctors diagnose and treat brain disorders that affect behavior mood, thought and cognition. A psychiatrist is trained to use biological, social and psychological factors for diagnosis. They can use pharmacologic as well as psychotherapeutic treatments to heal both the brain and mind.
Most psychiatrists do not spend large parts of their time providing counselling like psychologists.
How to become a psychiatrist
- Bachelor of Science in Psychology program helps students prepare for careers in counseling, marketing/sales, human services, ministry, and more.
- The School of Psychology & Counseling received a 95% match rate for 4th year Psy.D. student internships in 2015.
- Programmatic accreditation for psychology programs is provided by the American Psychological Association (APA).
- Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
- Doctor of Psychology in Clinical Psychology
- Master of Science in General Psychology
- Bachelor of Science in Professional Studies - Psychology
- And more...
- Does psychology interest you? See if Grand Canyon University could be a good fit for your journey in discovering the human mind!
- GCU offers a Bachelor of Science in Psychology and a Master of Science in Psychology with an emphasis in either General Psychology or Industrial & Organizational Psychology.
- The College of Humanities and Social Sciences at GCU provides a job focused education, blending the study of traditional humanities in a modern context.
- GCU offers a variety of learning options, including: traditional degree programs offered at our main campus, online degrees, or evening classes meeting once a week at various locations.
- Founded in 1949, GCU is a regionally accredited, private Christian university and is recognized as offering some of the best online education programs in the nation.
- Request information and learn more about our program offerings, start dates, financial aid and more!
- M.S. in Psychology with an Emphasis in Forensic Psychology
- M.S. Psychology with an Emphasis in Geropsychology
- M.S. in Psychology: General Psychology
- And more...
- Earn your degree online from Ashford University!
- Choose from Undergraduate and Graduate classes
- Business, Health Care, Psychology and Liberal Arts programs to choose from
- Apply Now! Classes begin every Tuesday!
- BA in Psychology
- Programs include Bachelor of Science in Human Services, Bachelor of Science in Psychology in Addiction, and more.
- Approved as an education provider by the National Association for Alcoholism and Drug Abuse Counselors (NAADAC).
- Courses cover topics such as addiction science, assessment, prevention, and treatment.
- Students learn how to identify, plan, and use resources to help improve client situations.
- BS in Psychology - Industrial/Organizational Psychology
- MS in Psychology - Applied Behavior Analysis Specialization
- And more...
- Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
- Get Matched to Psychology, Counseling, Human Services, Organizational, and Clinical Psychology Degree Programs and MORE.
- View Bachelor's, Master's, Doctorate and Graduate Certificate Degree Programs in Psychology and Human Services Near YOU!
- Accredited and Flexible Psychology Degree Programs to Fit Your Time and Budget. Use Our Matching Service - It's Easy and FREE!
100% Online & No Standardized Testing
We are committed to helping you achieve your goals and complete your degree as quickly as possible.
The Chicago School is a not-for-profit, regionally accredited institution with more than 4,285 students at campuses across the country (Chicago, Los Angeles, and Washington, D.C.) and online. TCSPP has been an innovator in the field of psychology and related behavioral science for more than 30 years. TCSPP offers more than 20 degree programs and a wealth of opportunities for international experiences.
As one of the first universities dedicated to lifelong learning, John F. Kennedy University offers you a high quality, affordable education that will prepare you to advance your career and community.
At Kaplan University, we offer over 180 degree and certificate programs. With three different ways to learn, you can choose the format that works best for you:
- Study wherever you have an Internet connection, because almost all of our courses are 100% online, or
- Take campus-based classes(with day and evening options available), or
- Combine campus learning with online classes (blended).
Earn your graduate degree online with Northcentral University. We offer online programs focused on doctoral and master’s degrees in the schools of business and technology management, education, psychology and marriage and family sciences.
Psychiatrists are physicians and like any other physician needs a medical degree. The path to becoming a psychiatrist is a long one.
Step one: Acquire a bachelor’s degree. This will enable you to get into medical school. Although medical school admission will accept degree holders from all fields of studies, there are some key science courses you should take. Courses such as biology, anatomy, chemistry, organic chemistry and physics are good courses to take.
Step two: Apply to medical school. Medical school admission is a very competitive process. It involves putting together an extensive application which includes a bachelor’s degree, essays, letters of recommendation, writing and passing the Medical College Admission Test (MCAT) and attending several interviews. Medical school lasts 4 years and you should concentrate on psychiatry electives.
Step three: Residency. Upon finishing medical school you will undertake a further 4 years training in residency. This is the period where you are trained to become a psychiatrist. At the end of your residency, you will be required to sit and pass an exam to get a license to practice as a psychiatrist.
The entire process of starting college to becoming a psychiatrist will take a minimum of 12 years so you have to be very dedicated to pursue this profession.
Psychiatrist salary in other countries (Uk, Canada and Australia)
In the United Kingdom, a psychiatrist earns an average salary of about £54,000 per year. They earn an average median salary of about £46,000 per year. Their average pay per hour amounts to about £29 per hour.
In Canada, the average psychiatrist salary is reported to be about CA$120,000 per annum. The range for psychiatrists in Canada is between CA$55,000 and CA$165,000 per year.
The average psychiatrist salary in Australia is reported to be about AU$120,000 per annum. A rookie psychiatrist can expect a salary of about AU$83,000 per year whiles a senior psychiatrist can expect an annual salary of about AU$183,000 per year. Income varies with years of experience and skill level.
Verdict on psychiatrist salary
First of all, you shouldn’t really be in the profession for the money. A psychiatrist’s job is a very challenging one and requires someone who is in it for the love of it rather than the remuneration. However, no one likes to work for free especially when you have bills to pay and a family to take care of. Medical school can be very expensive and most students graduate with heavy debts to pay. A psychiatrist salary is not one of the highest among physicians but it is still a highly paid job compared to other professions.