Psychiatrist Salaries

Why You Should Consider a Career in Psychiatry

July 30th, 2010

“A failure is not always a mistake, it may simply be the best one can do under the circumstances. The real mistake is to stop trying.” -BF Skinner (1904-1990)

A popular saying, among many, quoted by BF Skinner. Skinner was one of the most influential Psychologists in the field and paved the way for behavioral studies with his idea of “operant conditioning.” His belief that everything we do and are is shaped by our experience of punishment and reward encouraged the birth of new ideas and insights into Human Psychology and behaviors. Skinner has inspired countless individuals to pursue a career in Psychology and Psychiatry.
Psychiatry is a branch of medicine that treats mental illness and disorders with the use of therapy and, unlike Psychologists, Psychiatrists can prescribe medication. A Psychiatrist salary is very lucrative partly because they require extensive schooling due to the medical degree that must be obtained. A Psychiatrist can work in a variety of places some of which include their own office, in a a mental hospital or other government institution.

Psychiatrist jobs pay extremely well, among the highest in the Healthcare industry. It’s no wonder so many people are looking into Psychiatry degree programs.

Salary of a Psychiatrist:

The mean annual wage in May 2009 was $163,660, with some making over $200,000, according to the Bureau of Labor Statistics (BLS).  It doesn’t just stop there because there is room for salary growth based on experience, additional training and qualifications, and reputation.

Psychiatrist careers can focus on a specialized area of mental health or can they can operate a general practice. Subsequently, different specializations and focuses will result in different and often, higher, pay grades.

Specialized education program include:

  • Industrial Psychiatry Classes
  • Child Psychiatry Training Courses
  • Substance Abuse Programs
  • Forensic Psychiatry Education
  • Sports Psychiatrist Degree Programs
  • School Psychiatrist Programs
  • Clinical Psychiatrist Degree Programs

Satisfaction in a Psychiatry Job:

Often considered more important than the salary a Psychiatry career provides is the chance to help people live a better and healthier life. Psychologists get the rare opportunity to hear a patient’s problems and be able to do something about them. With the social stigma of therapy diminishing, more and more people are seeking help for their mental issues and problems. Partly because of that, the field has enormous projected growth, ensuring jobs and high wages for those entering the profession.

Careers in Psychiatry are rewarding both financially and intrinsically rewarding. To enter this promising field, start your education today! Use the Find a School form on the top-left of this page and we’ll match you with the perfect school to get you on your way to becoming a psychiatrist or check out some information on other Psychology careers.

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