Student Resources Careers Average Salaries for Clinical Psychologists By Kendra Cherry Kendra Cherry Facebook Twitter Kendra Cherry, MS, is an author and educational consultant focused on helping students learn about psychology. Learn about our editorial process Updated on March 31, 2020 Fact checked Verywell Mind content is rigorously reviewed by a team of qualified and experienced fact checkers. Fact checkers review articles for factual accuracy, relevance, and timeliness. We rely on the most current and reputable sources, which are cited in the text and listed at the bottom of each article. Content is fact checked after it has been edited and before publication. Learn more. by Emily Swaim Fact checked by Emily Swaim LinkedIn Emily is a board-certified science editor who has worked with top digital publishing brands like Voices for Biodiversity, Study.com, GoodTherapy, Vox, and Verywell. Learn about our editorial process Print Carmen MartA-nez BanAs / E+ / Getty Images Clinical psychologists assess, diagnose, and treat individuals experiencing mental illness. How much do people working in this profession earn each year? Salaries can vary considerably depending upon a number of different factors, but you can get an idea from salary reports. Median Earnings The Occupational Outlook Handbook published by the Bureau of Labor Statistics reports that the median annual wage for clinical psychologists in 2018 was $76,990. A PayScale.com salary survey found that the median annual salary for clinical psychologists was $79,117. However, those who are self-employed in private practice reported significantly higher annual earnings of around $110,000. The 9 Highest Paying Psychology Careers What They Do 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. A Closer Look at Salaries In a 2015 survey by the American Psychological Association, the average salary for a licensed clinical psychologist was $80,000. According to Payscale.com, typical salaries for clinical psychologists range between $50,000 and $112,000. However, it's important to note that several different factors can impact the salary you might expect, including your level of education, years of experience, work setting, and geographic location. For a clinical psychologist with one to four years of experience, the average salary is $72,874. For those with 10 to 19 years of experience, the average wage is $90,337. Clinical psychologists can be very well paid for what they do depending on where they work and how much experience they have. Here's how their salaries compare to those of other psychology professions according to the Occupational Outlook Handbook: Job Title Median Annual Wages Psychologists, all other $100,770 Industrial-organizational psychologists $97,260 Social scientists $78,650 Clinical, counseling, and school psychologists $76,990 Note: These figures include median annual wages as of 2018. Job Outlook Clinical psychologists, as well as counseling and school psychologists, are expected to remain in demand in the future as more people seek out help for mental problems such as depression, anxiety, addiction, and other disorders. The U.S. Department of Labor predicts that employment for clinical, counseling, and school psychologists will grow by 15% through the year 2028, which is faster than the average for all occupations. Psychology Careers That Are in High Demand and Earning Potential Education and Training It's important to note that the greatest growth is expected for clinical psychologists with doctoral degrees. Those with masters level degrees can be psychological assistants or go into industrial-organizational psychology, and they're expected to face fierce competition for positions, many of which are not directly in the field of psychology. Most states require a minimum of a doctorate degree in clinical psychology, a supervised postgraduate residency, and the completion of state licensing exams. Was this page helpful? Thanks for your feedback! Ever wonder what your personality type means? Sign up to find out more in our Healthy Mind newsletter. Sign Up You're in! Thank you, {{form.email}}, for signing up. There was an error. Please try again. What are your concerns? Other Inaccurate Hard to Understand Submit 4 Sources Verywell Mind uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. U.S. Department of Labor, Bureau of Labor Statistics. Clinical, counseling, and school psychologists. Occupational Outlook Handbook. PayScale.com. Clinical Psychologist Salary. Lin L, Christidis P, Stamm K. 2015 Salaries in Psychology. American Psychological Association. U.S. Department of Labor, Bureau of Labor Statistics. Psychologists. Occupational Outlook Handbook. By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies