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.
Competitive Salaries for Industrial-Organizational Psychologists
As per the U.S. Bureau of Labor Statistics, in May 2019 the Industrial and Organizational Psychologists earned a median wage of $44.66 hourly, or $92,880 annually. The top 10% Industrial-Organizational Psychologists earned more than $197,700 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.
The BLS also reported that as of May 2019, the top-paying states for industrial-organizational psychologists were California, Pennsylvania, Maryland and Oklahoma. In terms of metropolitan areas, Washington-Arlington-Alexandria, DC-VA-MD-WV reported the highest wages. 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.
PayScale.com 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.
Industrial Organizational Psychology Salary Vs Similar Occupations
|Job Title||Average National Salary|
|Training and Development Specialist||$65,640|
|Training and Development Manager||$123,470|
|Operations Research Analyst||$90,600|
|Labor Relations Specialists||$71,870|
|Human Resources Specialist||$67,760|
Source: 2019 Occupational Employment Statistics, Bureau of Labor Statistics, BLS.gov.
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.