My insight, based on the first 2 weeks of my psychiatry rotation, is that many psychiatrists do absolutely no "therapy". Before my rotation, I was under the impression that that was all they did, and had effectively crossed it off my list. 2 weeks into my psych rotation, I finally asked my attending how much therapy they actually do (studying for the shelf, there are a ton of questions asking what type of therapy is appropriate for a given condition, but I had not seen any of it taking place). She said that it depends on the dynamics of where you choose to practice, but many (most?) practices have full time therapy teams that handle all of the actual "therapy", while the psychiatrists more manage the meds and the overall progress of their patients. All the patients I have seen meet with their psychiatrist every few months, but meet with their therapist once every week or two. The attendings get all the notes from these, but aren't the ones doing the actual therapy. This increased my interest in the field about 100 fold. That's my impression of the field, for what it's worth.