Psychiatrist Salary

Salaries for Psychiatrists in the United States are generous, with average pay above six figures ($180K) per year. Including potential for bonuses and profit sharing — peaking near $25K and $139K, respectively — total cash payment to Psychiatrists can bottom out near $100K or peak near $265K depending on individual performance. While the company and tenure impact pay for this group, geographic location is the most influential factor. Men working as Psychiatrists who took the survey just slightly outnumber women at 58 percent. While roughly a fifth report receiving no health benefits, a fair number do receive medical coverage, and a majority have dental, as well. Job satisfaction for Psychiatrists is high. This report is based on answers to PayScale's salary questionnaire.

$98,440 - $242,582
(Median)
$98K
$180K
$240K
MEDIAN: $179,891
10%
50%
90%

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$50.98 - $178.38
(Median)
$51
$120
$180
MEDIAN: $117.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
Salary
$98,440 - $242,582  
   
Bonus
$0.00 - $24,944  
Profit Sharing
$221.48 - $139,061  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$100,070 - $265,018  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,090
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70$140$210
Hourly Rate
$50.98 - $178.38  
   
Overtime
$7.32 - $198.66  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Bonus
$0.00 - $24,944  
   
Profit Sharing
$221.48 - $139,061  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$100,070 - $265,018  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 193
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Job Description for Psychiatrist

A psychiatrist is responsible for treating, preventing and diagnosing mental illnesses and disorders of the mind. Psychiatrists are also required to implement treatments, including electroconvulsive therapy along with additional psychotherapeutic treatments and various medications. Understanding the physiology of the body is also necessary when working toward becoming a psychiatrist, especially as it is required to prescribe medications to patients as needed.

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Psychiatrist Tasks

  • Prescribe, direct and administer psychotherapeutic treatments or medications.
  • Diagnose, treat and help prevent disorders of the mind.
  • Manage caseload and documentation.
  • Review, evaluate and collaborate with other professionals to discuss treatment plans, progress and outcomes.

Psychiatrist Job Listings

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Psychiatrists who responded to the survey indicated only a few skills that they use on the job. Psychiatry and Psychiatric are considered valuable skills and can increase employee pay. Psychiatric and Psychiatry are also commonly seen together.

Pay by Experience Level for Psychiatrist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Psychiatrists with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Survey participants with less than five years' experience pocket $173K on average, but those with five to 10 years of experience enjoy a much bigger median of $189K. Psychiatrists see a median salary of $199K after reaching one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $210K.

Pay Difference by Location


For those looking to make money, Psychiatrists in San Diego enjoy an exceptional pay rate, 16 percent above the national average. Psychiatrists will also find cushy salaries in San Francisco (+8 percent), Washington (+6 percent), Pittsburgh (+3 percent), and Seattle (+2 percent). Atlanta ranks last in the field for pay, reporting salaries 9 percent below the national average. Below-median salaries also turn up in Philadelphia and New York (9 percent lower and 7 percent lower, respectively).

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Experience Affects Psychiatrist Salaries




National Average
$187,000


Skills That Affect Psychiatrist Salaries

Psychiatry
up arrow 4%

Psychiatric
0%

National Average
$187,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 154 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
5%
1-4 years
29%
5-9 years
20%
10-19 years
24%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 60%
vision benefits Vision: 45% employee benefits None: 20%
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