Here's an interesting graph that made me wonder if there's more value to the DSW than I thought. See page 3:
http://workforce.socialworkers.org/studies/profiles/Private Practice Solo and Group.pdf
Basically, the NASW data indicates that having a DSW or PhD is correlated with higher earnings in private practice than is a MSW. The difference at the median is 78,000 versus 52,000. At the 75th percentile, it's 109,100 versus 80,000. And at the 90th percentile, it's 200,000 versus 124,800. That looks like a pretty big difference to me!
Does this mean that if you continue on to get a DSW after earning your MSW, you can expect significantly higher salaries in private practice? Or are there other factors in play? (For instance, maybe those who pursue the DSW were already earning more in private practice, or they would have earned more without the DSW.)
I also wonder if the PhD in the "DSW or PhD" bar could include a psychology PhD.
http://workforce.socialworkers.org/studies/profiles/Private Practice Solo and Group.pdf
Basically, the NASW data indicates that having a DSW or PhD is correlated with higher earnings in private practice than is a MSW. The difference at the median is 78,000 versus 52,000. At the 75th percentile, it's 109,100 versus 80,000. And at the 90th percentile, it's 200,000 versus 124,800. That looks like a pretty big difference to me!
Does this mean that if you continue on to get a DSW after earning your MSW, you can expect significantly higher salaries in private practice? Or are there other factors in play? (For instance, maybe those who pursue the DSW were already earning more in private practice, or they would have earned more without the DSW.)
I also wonder if the PhD in the "DSW or PhD" bar could include a psychology PhD.