How Much Does A Psychologist Make?
If you’re studying psychology or considering a career in the field, then you’ve probably thought about how much does a psychologist make. After all, even if you do have a passion for helping people through their issues you’ll need to pay the bills and make a good living as well.
As much as people say that money should not be the driving factor behind a career choice, it is certainly one of the important factors that you need to consider. In this article, you will discover just how much does a psychologist make, and if that’s enough for you to consider pursuing it as a full time career.
The Truth About How Much Does A Psychologist Make
Before we get into how much does a psychologist make though, you should know that it depends very much on where you are practicing psychology, the level of qualifications and experience you have and whether you are employed by someone or running your own practice. Obviously, someone who is very established and running their own business will be earning significantly more than a fresh faced graduate who is still learning the craft.
Based on the US Bureau of Labor Statistics, a fresh graduate with a degree in psychology can expect to earn between $40,000 to $60,000, which will increase by more than 20% once they have gained five years of experience in the field.
There’s a significant jump in earnings as psychologists branch out into their own specializations and establish themselves in private practice as well, with salaries ranging from $80,000 well into the six figure range. Aside from how much does a psychologist make a year of course is the obvious reward of helping people who are very much in need of help in their personal lives. You will be able to cash in your paycheck with the full satisfaction of knowing that you are making a big difference in the world each day, which is often more rewarding than an extra five or ten grand in the bank each year.
The Final Word On How Much Does A Psychologist Make
All in all, you don’t need to worry about how much does a psychologist make because it’s a very healthy amount that will give you a good living. More importantly, it’s a highly rewarding job that most psychologists deeply enjoy, and I’m sure you will too if you love helping people in need.