Clinical psychologists make up one of the largest specialty areas within psychology. Licensed clinical psychologists work in a variety of settings including private practices, hospitals, mental health clinics and academic settings. These professionals are concerned with the prevention, assessment, diagnosis and treatment of mental illnesses.
How Much Do Clinical Psychologists Earn?
In a 2000 survey by the American Psychological Association, the the average salary for a licensed clinical psychologist was $87,015. Out of the surveyed psychologists, 15 percent worked in group medical settings, 57 percent worked in private practice and two percent were employed in some other human services setting.
According to Payscale.com, typical salaries for clinical psychologists range between $51,885 and $90,330. However, it is important to note that several different factors can impact the salary you might expect including level of education, years of experience, work setting and geographic location.
For example, for clinical psychologist working in private practice with five years of experience, the average salary in 2009 was $54,000. For those with 10 to 14 years of experience, the average wage was nearly $100,000.
Ariel A. Finno, Daniel Michalski, Brittany Hart, Marlene Wicherski, and Jessica L. Kohout. (2010). Report of the 2009 APA Salary Survey. http://www.apa.org/workforce/publications/09-salaries/index.aspx
PayScale.com. (2011). Salary Snapshot for Clinical Psychologist Jobs. http://www.payscale.com/research/US/Job=Clinical_Psychologist/Salary
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Psychologists, on the Internet at http://www.bls.gov/oco/ocos056.htm