What are the salary expectations of psychology students? And do these expectations meet the real numbers? Every person is eager to know what to wait from the career path he/she has chosen. The field of psychology is broad and diverse, and it opens a lot of doors to excellent job opportunities.
National Averages
The median annual salary of psychologists on the national level is $84,220 as of May 2009. This means $40,49 per hour. In fact your salary depends on the degree in psychology you hold. The lowest salary in this field is less than $41,070 whereas the highest is more than $117,470! Great difference, really! Psychology graduate salary grows together with your degree and experience. Those with graduate degree have wider range of job choices and much higher salary. However, if you're on the initial stage of your career, the earnings will be below your salary expectations regardless the degree.
Experience
Well, experience matters a lot when it comes to salary. This is true for every profession. Of course, your first job won't give you the highest salary, but you'll gain a valuable experience. If you own a high academic degree, you may start your salary from $25,500. And when you're a Master of psychology and have one year of experience, you can already earn $31,200. Psychologist graduate salary expectations for those with Ph.D. of Psy.D. and one year of internship is $37,800 on average. And if you have some experience in addition to this qualification, you can start at $45,200. So experience matters a lot, as you can see!
Industry
According to the US Bureau of Labor Statistics, the highest psychology graduate salary was registered in physicians' offices. It is about $109,550! Those who work in the industry of education, namely colleges, universities etc., earn the least. Let's look into the top 5 paying industries according to US Bureau of Labor Statistics:
Offices of Physicians - $109,550
Educational Support Services - $91,980
Scientific Research and Development Services - $91,260
Individual and Family Services - $90,690
General Medical and Surgical Hospitals - $89,450
Location
Psychology graduate salary expectations vary also depending on the state of your practicing. The highest psychologist salary was fixed in the state of Arizona. According to the Bureau of Labor Statistics, psychologists earn here near $101,100 per year. Next goes New Hampshire with the average salary of $97,290. California and Columbia follow in the list. Here the salary is respectively $96,050 and $96,040 on average. You can check the psychology graduate salary expectations in your state at http://www.bls.gov.
Well, you can see that career in psychology offers a great variety of job choices and pays good salaries. Seriously consider the listed factors that influence psychology graduate salary expectations. Only after doing this choose the psychology field you want to pursue your career in. This will help you to make a smart decision and be satisfied with your job!
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Becoming a Psychologist: Job Requirements
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