Career options with a Masters in Psychology

What Can You Do With a

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

It's Interesting

  • Frank Rusch was born February 22, 1949. He is known for research on self-instructional strategies, coworker and natural supports, benefit-cost analysis, and model program evaluation as well as his contributions to the conceptualization and implementation of supported employment and secondary transition services. His contributions to supported...

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