Money is often a concern when getting a job in any career. What’s the salary annually? Will you be able to support yourself? Theses are all questions to figure out when getting into any field of work. Individuals with PhD’s in psychology and private practices can make up to 5 to 6 figures. Usually the more schooling received indicates more training and constitutes for a higher salary.
You may choose to major in psychology and then continue schooling in graduate school. Don’t continue graduate studies because you don’t know what else to do or it’s the next step. Do it because you are interested in advancing yourself academically/training and career wise in the field of psychology. When it comes to how much a career makes we are not the authority but this helpful site is:
The above link stands for the Bureau of Labor Statistics. According to the current statistics for Psychologists:
- About 34 percent of psychologists are self-employed, mainly as private practitioners and independent consultants.
- Employment growth will vary by specialty; for example, clinical, counseling, and school psychologists will have 11 percent growth; industrial-organizational psychologists, 26 percent growth; and 14 percent growth is expected for all other psychologists.
- Acceptance to graduate psychology programs is highly competitive.
- Job opportunities should be the best for those with a doctoral degree in a sub-field, such as health; those with a master’s degree will have good prospects in industrial-organization; bachelor’s degree holders will have limited prospects.
Median annual wages of clinical, counseling, and school psychologists were $64,140 in May 2008. The middle 50 of that percent earned between $48,700 and $82,800. The lowest 10 percent of workers earned less than $37,900, and the highest 10 percent earned more than $106,840. Median annual wages in the industries employing the largest numbers of clinical, counseling, and school psychologists were:
|Offices of other health practitioners||$68,400|
|Elementary and secondary schools||65,710|
|Outpatient care centers||59,130|
|Individual and family services||57,44|
Median annual wages of wage and salary industrial-organizational psychologists were $77,010 in May 2008. The middle 50 percent earned between $54,100 and $115,720. The lowest 10 percent earned less than $38,690, and the highest 10 percent earned more than $149,120.
If you would like to look up any career in the psychology field such as Marriage-Family Therapist simply type the title on the website and click search.