According to the Society for Industrial and Organizational Psychology , the top 5% of their members earn in excess of $250,000 a year. (Infographic), 10 WWII Stamp Forgeries Used as Psychological Warfare, Offices of other health practitioners: $89,530, Management of companies and enterprises: $86,180, Associate Professor: $68,426 (2015-16), $66,313 (2014-15), New Assistant Professor: $57,729, $57,532, Psychological Associate, correctional institution: Green Bay, WI: $73,195, Psychology Associate, department of corrections, Shelton, WA: $56,100-$73,596, Psychology Associate, correctional institution, Virginia: $40,153-$77,074, Clinical Psychologist, state government, IL: $72,396-$111,216, Staff Psychologist, state government, NC: $48,195-$81,392, School Psychologist, state government, MO: $40,536-$54,744, School Psychologist, Saint Helens, OR: $42,986-$79,810, Human Services Coordinator, state government, SC: $39,960-$73,935, Psychology, Adjunct, university, OK: $47,580, Psychology Technician, Veterans Administration, OK: $49,765-$64,697, Clinical Psychologist, Air Force, CA: $32,844-$155,073, Behavioral Health Specialist, county government, OR: $63,468-$85,248, Psychology Associate Senior, correctional facility, VA: $52,426-$97,223. The Society for Industrial and Organizational Psychology (SIOP) also broke down salaries by highest degree earned, which provides a unique insight into what you can make as a master’s-prepared I/O psychologist/psychological associate. According to SIOP’s 2016 Income & Employment Survey, salaries for master’s level I/O psychologists have increased, on average, $1,700 per year between 1999 and 2015. Mean wages for the top-paying industries during this time were: The APA Center for Workforce Studies’ 2015-16 report on psychology faculty salaries broke down salaries for psychologists by degree type, providing an even clearer view of what master’s prepared psychology faculty are earning in the classroom and in clinical settings. Accurate, reliable salary and … In 2015, the average, annual salary for master’s I/O psychologist practitioners was $85,000, versus $64,000 for their colleagues in academia. Whether your goal is a terminal master’s degree or a master’s degree that will eventually lead to a doctorate, one thing’s for sure: There are plenty of places a master’s degree in psychology can take you—and they all come with professional gratification and some pretty sweet financial rewards. While the salary statistics provided by the BLS do not separate psychology professionals according to highest degree earned, we can look to mid-range salaries for the most accurate representation of what master’s-level professionals are earning (while average salaries for the top 50 percent are likely reserved for those with doctoral degrees). Similarly, the National Science Foundation (NSF) reported that growth in the number of research-focused master’s degrees conferred has also steadily grown—from about 15,000 in 2003 to 22,000 in 2011. For example, master’s-level psychology professors earned an average, annual salary of $87,119 in 2015-16, up from $85,934 a year earlier. According to the APA, salaries for master’s-prepared psychology faculty increased across all levels between the 2014-15 and 2015-16 academic years. These likely include psychologists in subfields like forensic psychology, neuropsychology, geropsychology, health psychology, and industrial-organizational psychology, among others. Though a doctorate is the universal standard for full authority practice, a number of states do license master’s-level practitioners in some subfields of psychology. To get a better idea of the salaries associated with master’s-prepared psychology professionals (often called psychological associates), we can turn to the Bureau of Labor Statistics (BLS) May 2016 report. Their numbers have also been increasing. While just 3 percent of all master’s I/O psychologists reported working in academia in 2015, 31 percent reported working as practitioners. Top 15 Online Masters in Counseling Degree Programs, Top 50 Best Online Masters in Psychology Degree Programs, Top 20 Best Online PhD in Psychology Degree Programs, 15 Best Online Master’s in Forensic Psychology Degrees, 30 Most Influential Psychologists Working Today, The Science of Mental Illness (Infographic), The Human Body is a Well-calibrated Timing Machine (Infographic), Facebook Addiction: Is Addiction Affecting Our Minds? For example, master’s-level psychology professors earned an average, annual salary of $87,119 in 2015-16, up from $85,934 a year earlier. In general, master’s-level practitioners earned 33 percent more than their master’s-level colleagues working in academia. While I/O psychologists with master’s degrees as their highest degree made up just 7 percent of all I/O psychologists, by 2014, this number had increased to 17 percent, and then jumped to an impressive 23 percent by 2015. Holding a master’s degree in psychology can—and often does—translate well into successful careers in any psychiatric/mental health setting and in any branch of psychology- from psychotherapy in private practice to managing severe psychiatric disorders in a clinical setting. Mean wages for the top-paying industries during this time were: The mean salaries for the top-paying states during this time were: The BLS also provided salary statistics for psychologists, all other. Meanwhile, the starting salary for a doctoral graduate is approximately $55,000. Master of Arts (MA), Psychology - Salary - Get a free salary comparison based on job title, skills, experience and education. According to the BLS, as of May 2016, the annual, mean salary for these professionals was $94,650. A January 2017 American Psychological Association (APA) article revealed that while many careers in psychology do require a doctoral degree, master’s-prepared professionals are also in demand. The typical starting salary for a master's degree graduate is around $40,000. According to the APA, salaries for master’s-prepared psychology faculty increased across all levels between the 2014-15 and 2015-16 academic years. Careers devoted to the study of human behavior and the human condition aren’t limited to doctoral-prepared psychologists and psychiatrists.

master's in psychology salary

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master's in psychology salary 2020