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Research Salaries in Psychology

Find out what kind of salary you might be expecting in various psychology careers...

Career salaries are simply a function of supply versus demand. It is important to view your career prospects in this light in order to best gauge where a particular career is heading. In the case of psychology careers (psychologists, counselors, social workers, etc.), there is little to worry about.

The need of workers in the psychology fields have correlated strongly with the advancing education of our entire country. As United States citizens become more educated, an understanding of the value of psychological knowledge in all industries becomes more clear.

For example, when more individuals who suffer from addiction and substance abuse learn about the psychological aspects of their illnesses, they are more likely to seek the help of a counselor.

In addition, as companies learn more about the benefits of creating a better work environment for employees to improve morale and motivation in the workplace, demand for industrial and organizational psychologists increases.

The underlying theme is as larger populations begin to understand how a knowledge of psychology can help better lives, better learning environments or increase production, the demand for highly educated individuals in specialized fields of psychology increases along with their value.

Below are a few examples of psychology career salaries and basic career information researched by the Bureau of Labor and Statistics :

Psychologists

  • The median salary for psychologists in 2006 was $59,440
  • The top 10% of psychologists average $102,730 in 2006 (the top 10% of industrial psychologists average $139,620)
  • Psychologist employment is expected to grow 15% from 2006 to 2016
  • Rising health care costs are creating a larger demand for prevention and treatment counseling
  • A growing number of elderly will demand more psychologists to help with aging mental counseling
  • Returning veterans will require a large demand from psychologists in the coming years
  • Those with specialized doctoral degrees will be able to demand the largest salaries in this industry (find colleges offering psychology degree programs)

Counselors

  • The median salary for counselors in 2006 working in elementary and secondary schools was $53,750, in individual and family services was $32,370
  • Counselors who establish a private practice often see much larger salaries as a function of years in the field
  • In 2006, there were estimated to be 635,000 counselors working in the United States
  • Employment growth is expected to grow by 21% from the year 2006 to 2016
  • Marriage and family counselors and therapists had a median salary of $45,310 in 2006
  • Counselors with specialized master's or doctoral degrees will enjoy the luxury of higher salaries
  • You can find colleges offering counseling degree programs here

Social Workers

  • The median salary for social workers in 2006 was $37,480
  • The top 10% of social workers averaged a salary of $62,530
  • Employment in the social working field is expected to grow 22% from 2006 to 2016

Salary Articles

Psychology Schools & Colleges
 
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