What's the Salary for Graduates of a Psy.D. in Counseling Psychology?
A Doctor of Psychology degree, or Psy.D., is a professional degree you might consider if you want to become a practicing psychologist. Salaries for these professionals depend on the industry you're employed in, your geographical location and your number of years of experience. Read on to find out more about the employment prospects and salary potential for professionals with a Psy.D. Schools offering Addictions & Social Work degrees can also be found in these popular choices.
The U.S. Bureau of Labor Statistics (BLS) includes psychologists with both Psy.D. and Ph.D. degrees in their collective information (www.bls.gov). In a BLS report from May 2012, clinical, counseling and school psychologists showed median annual salaries of $67,650, with most of these professionals earning between $38,450 and $109,340. Additionally, PayScale.com reported in February 2014 that psychologists with a Psy.D. degree earned salaries ranging from $39,732-$100,671. Salaries were affected by industry, location and experience.
In May 2012, the largest number of employment opportunities for clinical, counseling and school psychologists were found in elementary and secondary schools and the offices of other health practitioners, reported the BLS. These industries paid average wages of $71,730 and $80,760, respectively. Opportunities were also found in individual and family services, state government and outpatient care centers, where average wages were $64,730, $76,390 and $67,650. Although it offered few job opportunities, business schools and computer and management training industry had the highest average wage of $100,310.
The BLS stated that New Mexico and Rhode Island had more clinical, counseling and school psychologists than other states on a per capita basis, and that in May 2012, the average salaries for these locations were $67,760 and $92,580, respectively. The highest average salaries for these psychologists were in the states Rhode Island ($92,580), Hawaii ($90,420), New York ($84,850), New Jersey ($83,870) and Alabama ($80,430). The lowest average salaries ranged from $35,570-$62,420 and were in locations that included Idaho, Kansas, Vermont, Kentucky, Arizona and South Carolina.
According to PayScale.com, professionals with a Psy.D. degree and less than a year of experience earned a median salary of $60,000. With 5-9 years of experience, the median salary rose to $67,077. Those with 10-19 years of experience earned a median wage of $73,120, while those with at least 20 years of experience earned a median wage of $72,617.
Degree Program Overview
Before you place this earning potential in your asset column, you should know a few things about what it takes to get this degree. Doctoral programs in counseling psychology generally take about 4-5 years of full-time study, depending on whether you're entering with a bachelor's or a master's degree. You may be required to write and defend a dissertation or pass qualifying exams. You'll likely follow your coursework with a 1-2 year internship. After you've completed your education, you will have to pass state licensing exam before you can begin practice.
Your curriculum may be designed with a specific focus or as a general degree. Studies cover subjects like personality assessment testing, treatment planning, communication enhancement techniques for dysfunctional groups and cultural influences on mental health. Some schools may include community service as part of the curriculum.
According to the BLS, there are some specialization fields for counseling psychologists that may offer you a wider range of job opportunities. Increased demand for counseling services is expected to contribute to the overall growth of 12% for psychologists over the 2012-2022 decade. Understanding that personal stress can create productivity problems in the workplace has spurred more employers to institute employee mental health assistance programs. You may also find more openings and less job competition in fields like school psychology.
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