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by Sandra Moscicki on March 11th, 2007

Sandra Moscicki

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Who makes more money? A psychologist or therapist/psychiatrist?

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  • by Rain13 on February 26th, 2009

    Rain13

    Except for some extraordinary exceptions, Psychiatrists make significantly more money than Psychologists. These are the average salaries of the two professions where I live:

    Psychologist: $90,000
    Psychiatrist: $200,000

    Both of these figures are significantly higher than the national average as I live in Boston which is sort of a hub for the health professions, but you'll find that Psychiatrists will be making approximately double what Psychologists make in most other areas as well. This is mainly due to the fact that Psychiatrists are able to bill more due to their ability to prescribe medication and their more prestigious, though perhaps not much more rigorous, training.

    Therapist is not a legally regulated term and can be used to describe any mental health professional who provides therapy to clients including Psychologists, Psychiatrists, Clinical Social Workers, people with Masters degrees in Counseling, etc.

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