What is the highest and lowest hourly pay for Psychiatrist?

As of November 01, 2024, the average hourly pay of Psychiatrist in the United States is $129. While Salary.com is seeing that the highest pay for Psychiatrist in the US can go up to $154 and the lowest down to $105, but most earn between $116 and $142. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Psychiatrist in the United States.

Psychiatrist Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $295,295 $24,608 $5,679 $142
Average $267,412 $22,284 $5,143 $129
25th Percentile $241,589 $20,132 $4,646 $116
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What is the highest and lowest hourly pay for Psychiatrist?

As of November 01, 2024, the average hourly pay of Psychiatrist in the United States is $129. While Salary.com is seeing that the highest pay for Psychiatrist in the US can go up to $154 and the lowest down to $105, but most earn between $116 and $142. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Psychiatrist in the United States.

What is the yearly and monthly salary as a Psychiatrist?

As of November 01, 2024, the average annual salary is $267,412 (range: $218,078 to $320,680); the average monthly salary is $22,284 (range: $18,173 to $26,723).

Click the switch button below to see weekly and hourly salary of a Psychiatrist.

Last Updated on November 01, 2024
Last Updated on November 01, 2024

What are the salaries of Psychiatrist with different levels of experience?

As of November 01, 2024, Salary.com is seeing that an entry-level Psychiatrist with under 1 year experience makes about $245,634. With less than 2 years of experience, a mid-level Psychiatrist makes around $247,622. After 2-4 years, the Psychiatrist pay rises to about $249,610. Those senior Psychiatrist with 5-8 years of experience earn roughly $252,392, and those Psychiatrist having 8 years or more experience is expected to earn about $258,637 on average.

Levels Salary
Entry Level Psychiatrist $245,634
Intermediate Level Psychiatrist $247,622
Senior Level Psychiatrist $249,610
Specialist Level Psychiatrist $252,392
Expert Level Psychiatrist $258,637
$245,634 0 yr
$247,622 < 2 yrs
$249,610 2-4 yrs
$252,392 5-8 yrs
$258,637 > 8 yrs
Last Updated on November 01, 2024
Entry Level 8%
Mid Level 7%
Senior Level 7%
Top Level 6%
Experienced 3%
View as graph
Last Updated on November 01, 2024

How much does salary of Psychiatrist vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of November 01, 2024, the average yearly salary of Psychiatrist in San Francisco, CA is $334,265 and in New York, NY, the average annual salary goes to $312,337. While a Psychiatrist earns $299,769 per year in Boston, MA.

What is the salary trend of Psychiatrist?

For those exploring the changing dynamics of Psychiatrist salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of November 01, 2024, our research highlights a notable shift in Psychiatrist compensation over the past six years. For instance, the median salary has moved from $231,993 in 2023 to about $237,504 in 2024 (for a comprehensive analysis of Psychiatrist salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Psychiatrist Over Time

2020
$???
2021
$???
2022
$???
$231,993
2023
$237,504
2024
$226,789
2025
2026
$???
Last Updated on November 01, 2024
2020
$???
2021
$???
2022
$???
2023
$231,993
2024
$237,504
2025
$226,789
2026
$???
Last Updated on November 01, 2024

Psychiatrist Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $231,993
2024 $237,504
2025 $226,789
2026 View More
Last Updated on November 01, 2024

Job Openings of Psychiatrist

Salary.com job board provides millions of Psychiatrist information for you to search for. Click on search button below to see Psychiatrist job openings or enter a new job title here.

Based on HR-reported data: a national average with a geographic differential
Base Salary 74.7%
Bonuses 0.6%
Social Security 4.0%
401k/403b 2.8%
Disability 1.5%
Healthcare 1.8%
Pension 3.8%
Time Off 10.7%
Core Compensation
Core Compensation Median % of Total
Base Salary $267,412 74.7%
Bonus $2,162 0.6%
Value of Benefits
Core Compensation Median % of Total
Social Security $14,362 4.0%
401K/403B $10,000 2.8%
Disability $5,391 1.5%
Healthcare $6,374 1.8%
Pension $13,750 3.8%
Time Off $38,362 10.7%
Total Compensation $357,814 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on November 01, 2024

What are the salaries of a Psychiatrist with different levels of education?

Salaries for Psychiatrist with a High School Diploma or Technical Certificate

According to our 100% employer reported salary sources the median salary for a Psychiatrist with a JD, MD, PhD or Equivalent is $250,405 - $266,352. Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus.

Psychiatrist Salaries by Degree Level

Last Updated on November 01, 2024
Typical Education for Psychiatrist
Degree Level % of user with this level of education
No Diploma 0.5%
High School 2.3%
Associates 1.6%
Bachelors 4.2%
Masters 5.7%
Doctorate 85.6%
Typical Education for Psychiatrist
No Diploma 0.5%
High School 2.3%
Associates 1.6%
Bachelors 4.2%
Masters 5.7%
Doctorate 85.6%
view as table

Psychiatrist Salaries by Degree Level

Last Updated on November 01, 2024

What Am I Worth?

FAQ about Psychiatrist

1. What are the responsibilities of Psychiatrist?

Psychiatrist evaluates, diagnoses, and treats patients with mental illnesses through a combination of personal counseling (psychotherapy), psychoanalysis, hospitalization, and/or medication. Performs initial psychiatric assessments, develops individualized care plans, and implements treatment for the patient. Being a Psychiatrist prescribes psychopharmacological medications as needed. Monitors and records client progress, and amends treatment plan according to patient response. Additionally, Psychiatrist requires a MD. Typically requires Board Certification by the American Board of Psychiatry and Neurology (ABPN). Requires State License to Practice. Typically reports to a medical director. Psychiatrist's years of experience requirement may be unspecified. Certification and/or licensing in the position's specialty is the main requirement.

2. What are the skills of Psychiatrist

Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.)

Scheduling: Scheduling is the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process.

2.)

Case Management: Connecting patients with suitable healthcare providers, resources, and services to ensure they receive optimal, cost-effective care.

3.)

Client Service: Client services are the processes and interactions organizations and members of their staff have with their clients.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average hourly salary for a Psychiatrist is $129 per hour in the United States, updated at November 01, 2024.
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