As of March 01, 2025, the average annual salary for a Psychiatrist in Lakeville, MN is $284,729. According to Salary.com, salaries can range from a low of $232,191 to a high of $341,447, with most professionals earning between $257,228 and $314,417.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $298,309 | $24,859 | $5,737 | $143 |
| Average | $270,141 | $22,512 | $5,195 | $130 |
| 25th Percentile | $244,050 | $20,337 | $4,693 | $117 |
An entry-level Psychiatrist with under 1 year experience makes about $258,898. With less than 2 years of experience, a mid-level Psychiatrist makes around $260,993. After 2-4 years, the Psychiatrist pay rises to about $263,088. Those senior Psychiatrist with 5-8 years of experience earn roughly $266,022, and those Psychiatrist having 8 years or more experience are expected to earn about $272,604 on average.
| Levels | Salary |
|---|---|
| Entry Level Psychiatrist | $258,898 |
| Intermediate Level Psychiatrist | $260,993 |
| Senior Level Psychiatrist | $263,088 |
| Specialist Level Psychiatrist | $266,022 |
| Expert Level Psychiatrist | $272,604 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 1% |
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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.
Scheduling: Scheduling is the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process.
Case Management: Connecting patients with suitable healthcare providers, resources, and services to ensure they receive optimal, cost-effective care.
Client Service: Client services are the processes and interactions organizations and members of their staff have with their clients.
| Skill | Salary | Demand |
|---|---|---|
|
Healthcare Services
|
$307,507 |
8%
|
|
Medication Management
|
$304,660 |
7%
|
|
Collaboration
|
$298,965 |
5%
|
|
Psychiatric
|
$296,118 |
4%
|
|
Communication Skills
|
$290,423 |
2%
|
|
Clinical Services
|
$290,423 |
2%
|
