If you're interested in industrial-organizational psychology, you've chosen a field that offers an almost limitless number of career opportunities, and well paying salaries to match. Salaries for professionals working in the Industrial-Organizational Psychology (I/O) field are some of the highest paid among psychology careers, and higher than average salaries for all U.S. jobs.
As per the U.S. Bureau of Labor Statistics, in May 2014 the Industrial and Organizational Psychologists earned a median wage of $43.30 hourly, or $90,070 annually. The top 10% Industrial-Organizational Psychologists earned more than $145,480 annually [BLS]. Of course, like all other jobs, salaries are higher in some parts of the country than others, and those with master's or PhD's typically earn more than those with bachelor's degrees.
A 2012 Income and Employment Survey of the membership of the Society for Industrial and Organizational Psychology (SIOP) showed that members who live in Manhattan, other New York metro, San Francisco/San Jose metro, and Los Angeles metro areas reported the highest median incomes. But government positions located in other cities also pay well, especially when adjusting for the cost-of-living in places like New York where housing costs are considerable higher than the national average.
According to PayScale.com, salaries for I/O government employees, typically thought of as lower paid than those working in the private sector, are some of the highest in the field. PayScale.com also states that I/O psychologist salaries are higher for those with organizational development skills, or those who focus more on the "organizational-side" of the industrial-organizational career. Typical "O-side" careers focus more on organizational development and effectiveness rather than the processes involved with hiring and retaining employees - which reside more on the "industrial-side" of the career.
Organizations look at several factors when considering prospective candidates, such as years of experience, areas of specialization, and education level. The following chart lists average salaries for typical I/O job titles and openings. The data is updated as of 2nd May 2015.
Industrial Organizational Psychology Salary Vs Similar Occupations
|Job Title||*Average Salary|
|Workforce Development Manager||$53,462|
|Professional Development Manager||$67,996|
|Organizational Development Specialist||$59,540|
|Organizational Effectiveness Director||$111,120|
|Organizational Development Director||$111,120|
|Senior Research Associate||$69,043|
|Consultant, Human Resources||$66,700|
* all salaries reported by simplyhired.com/BLS as of 2nd of May 2015
If you enjoy helping others, working with statistics and quantitative tools, and desire a career with several options in diverse settings that offer competitive wages, you should consider a career in I/O psychology. Contact schools offering bachelor's degree programs in psychology, master's degree programs or PhD programs in industrial-organizational psychology.