Career options with a Masters in Psychology
Just as there are many types of psychologists, there are also many types of counselors. The chart below shows average annual earnings nationwide for several counseling specialties. School counselors and guidance counselors are the top earners in this category.
Average Salaries for Counselors by Specialization
Substance Abuse Counselor
Marriage and Family Therapist
National Salary for Psychologists
According to Bls.gov, the following states and areas with the highest published employment, location quotients, and wages for this occupation are listed below.
Employment estimate and mean wage estimates for this occupation
Employment 10, 870
Employment 1.7 %
Mean Hourly Wage $42.50
Mean Annual $88, 400
Salary Wage 1.3 %
National Estimates
The average annual salary overall for all psychologists was $74, 310, which works out to $35.73 per hour, $1, 429 per week, and $6, 193 per month.
Percentile wage estimates for this occupation
$42.5K 10th percentile
$67K 25th percentile
$91K Median
$105K 75th percentile
$117K 90th percentile
Best Paying States for Psychology
Sometimes the industry you work in can have a dramatic impact on your salary. For example, in the education industry, the level of education and licensing seems to have little impact on income. The average annual salary for school psychologists is only about $10, 000 per year higher than the salary for school counselors. This chart shows the highest-paying industries for psychologists.
| Area name | Employment | Annual mean wage |
|---|---|---|
| New Hampshire | 40 | $132, 590 |
| Minnesota | 260 | $123, 600 |
| Maryland | 440 | $104, 770 |
| Iowa | 50 | $100, 300 |
| Kansas | 100 | $98, 830 |
| Virginia | 320 | $98, 190 |
| Wisconsin | 130 | $97, 680 |
| New Jersey | 80 | $96, 180 |
| New Mexico | 110 | $95, 130 |
| Rhode Island | $93, 480 | |
| Oregon | 210 | $93, 210 |
| Washington | 400 | $91, 160 |
| California | 1010 | $89, 550 |
| Hawaii | $89, 220 | |
| Florida | 1580 | $89, 120 |
| Arizona | 150 | $87, 940 |
| North Carolina | 250 | $87, 130 |
| Illinois | 270 | $86, 840 |
| Ohio | $86, 710 | |
| Texas | 630 | $86, 150 |
| Alabama | 120 | $86, 080 |
| Massachusetts | 370 | $85, 950 |
| District of Columbia | 200 | $85, 800 |
| South Carolina | 90 | $85, 790 |
| Georgia | 280 | $85, 370 |
Number of Psychologists Employed in the United States
Psychologists Employment Numbers
Best Industries for Psychologists
| Industry | Hourly Wage | Annual Salary |
|---|---|---|
| Management Scientific and Technical Consulting | $51.26 | $106, 620 |
| Speciality (except Psychiatric and Substance Abuse Hospitals) | $50.26 | $104, 550 |
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