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Psychiatrist Salary

Psychiatrists enjoy a hefty income, with average pay passing six figures ($179K) annually in the United States. Overall cash earnings for Psychiatrists stretch from $100K on the lower end to $264K near the top, and the heftiest packages can encompass around $25K from bonuses and $139K from profit sharing. While career duration and the specific company impact pay for this group, location is the most influential factor. Women are just slightly outnumbered, with male Psychiatrists making up 58 percent of survey respondents. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to a fair number, and the larger part earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.

$98,017 - $241,449
(Median)
$98K
$180K
$240K
MEDIAN: $179,245
10%
50%
90%

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$50.68 - $177.64
(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
$98,017 - $241,449  
   
Bonus
$0.00 - $25,146  
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).
)
$99,696 - $264,308  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,079
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
$50.68 - $177.64  
   
Overtime
$7.04 - $204.26  
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 - $25,146  
   
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).
)
$99,696 - $264,308  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 189

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United States (change)


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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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Popular Employer Salaries for Psychiatrist



Psychiatrists note just a narrow range of job skills. Psychiatry and Psychiatric are considered valuable skills and can increase employee pay. It is not unusual for someone who knows Psychiatric to be familiar with Psychiatry as well.

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. Even the relatively untested can score weighty six-figure salaries; survey participants with less than five years' experience report earning a median of $173K per year. Psychiatrists who work for 10 to 20 years in their occupation tend to earn about $197K. Veterans who have acquired more than 20 years report a median income of $209K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For Psychiatrists, San Diego provides a pay rate that is 14 percent greater than the national average. Psychiatrists will also find cushy salaries in San Francisco (+8 percent), Washington (+7 percent), Pittsburgh (+4 percent), and Seattle (+2 percent). In Nashville, salaries are 14 percent below the national average and represent the lowest-paying market. Employers in Atlanta and New York also lean toward paying below-median salaries (9 percent lower and 6 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Psychiatrist Salaries




National Average
$186,000


Skills That Affect Psychiatrist Salaries

Psychiatry
up arrow 4%

National Average
$186,000

Psychiatric
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 161 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: 79% dental benefits Dental: 61%
vision benefits Vision: 46% employee benefits None: 20%
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