As of April 01, 2025, the average annual salary for a Psychiatrist in Watertown, SD is $261,342. According to Salary.com, salaries can range from a low of $211,661 to a high of $294,577, with most professionals earning between $235,337 and $278,738.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $278,738 | $23,228 | $5,360 | $134 |
| Average | $261,342 | $21,779 | $5,026 | $126 |
| 25th Percentile | $235,337 | $19,611 | $4,526 | $113 |
An entry-level Psychiatrist with under 1 year experience makes about $250,863. With less than 2 years of experience, a mid-level Psychiatrist makes around $252,803. After 2-4 years, the Psychiatrist pay rises to about $254,744. Those senior Psychiatrist with 5-8 years of experience earn roughly $257,461, and those Psychiatrist having 8 years or more experience are expected to earn about $262,641 on average.
| Levels | Salary |
|---|---|
| Entry Level Psychiatrist | $250,863 |
| Intermediate Level Psychiatrist | $252,803 |
| Senior Level Psychiatrist | $254,744 |
| Specialist Level Psychiatrist | $257,461 |
| Expert Level Psychiatrist | $262,641 |
| Entry Level | 14% |
| Mid Level | 14% |
| Senior Level | 13% |
| Top Level | 12% |
| Experienced | 10% |
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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
|
$282,250 |
8%
|
|
Medication Management
|
$279,636 |
7%
|
|
Collaboration
|
$274,410 |
5%
|
|
Psychiatric
|
$271,796 |
4%
|
|
Communication Skills
|
$266,569 |
2%
|
|
Clinical Services
|
$266,569 |
2%
|
