Industrial-organizational psychologists

Median annual earnings of wage and salary clinical, counseling, and school psychologists in May 2004 were $54,950. The middle 50 percent earned between $41,850 and $71,880. The lowest 10 percent earned less than $32,280, and the highest 10 percent earned more than $92,250. Median annual earnings in the industries employing the largest numbers of clinical, counseling, and school psychologists in May 2004 were:

Median annual earnings of wage and salary industrial-organizational psychologists in May 2004 were $71,400. The middle 50 percent earned between $56,880 and $93,210. The lowest 10 percent earned less than $45,620, and the highest 10 percent earned more than $125,560.

Psychologists held about 179,000 jobs in 2004. Educational institutions employed about 1 out of 4 psychologists in positions other than teaching, such as counseling, testing, research, and administration. Almost 2 out of 10 were employed in health care, primarily in offices of mental health practitioners, physicians’ offices, outpatient mental health and substance abuse centers, and private hospitals. Government agencies at the State and local levels employed psychologists in public hospitals, clinics, correctional facilities, and other settings.

After several years of experience, some psychologists—usually those with doctoral degrees—enter private practice or set up private research or consulting firms. About 4 out of 10 psychologists were self-employed in 2004, compared with less than 1 out of 10 among all professional workers.

In addition to the previously mentioned jobs, many psychologists held faculty positions at colleges and universities and as high school psychology teachers. (See the statements on teachers—postsecondary and teachers—preschool, kindergarten, elementary, middle, and secondary elsewhere in the Handbook.)

(from the Occupational Outlook Handbook: Psychologists)

See more recent statistics for employed workers below.