Masters in I/O Psychology salary

[mandyjoy]

I need people with a Masters in I/O Psychology to tell me what their starting salary was and what they think they will max at. You can PM me if you wish. No one has been able to answer this in other threads, and I like to hear from people with this degree instead of looking at biased stats online. Thanks.

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[erg923]

I dont know if anyone with an I/O masters is on this board with any regularity. Its not the degree thats going to account for the variance in salary anyway. Its setting, geography, and specific job duties/responsibilities.

Also, I am not sure where you are from, but thats not really a socially appopriate question from a stranger. I dont even ask my lifelong friends for specific figures. It simply is not done, at least the way I was raised.

 

[mandyjoy]

Just trying to make a good choice of career.

 

[WisNeuro]

Well, if the sole determining factor is maximum salary, I would advise against anything psych related. People don't go into this field for the money. As for I/O, most people get a Ph.D. My friends who have that degree actually make good money when they get recruited by business schools. There is also money to be made from more applied settings.

 

[Therapist4Chnge]

Just trying to make a good choice of career.

…then keep doing research into different career options. Asking for others to do the legwork for you is a tough way to go about the fact finding process.

For what it is worth, I know a couple of I/O's…though they are both Ph.Ds. One is an academic and she makes typical academic money ($65k-$85k as an Assistant Professor or Associate Professor, $100k+ as a Full Professor). The other is a very very accomplished corp consultant and he makes $250k+. The former is much more typical than the latter….he'd probably be successful in most any path he chose.

 

[paramour]

I had a classmate whose master's was in I/O. She was offered a position before she ever graduated that would have paid 6 figures. However, she had connections with the company through her employer at the time so they knew of her and her work potential.

I also know of other classmates with the same degree who did NOT receive even remotely considerable spiffy offers after graduation.

(FTR, the first gal turned down the position.)

 

[seventyfour]

I've done a lot of recent research on psychology professional prospects. I've found several somewhat contrasting writings about I/O psychologist pay. One bit:

• Starting salary for Master’s graduate - $38,750
• Starting salary for Ph.D graduate - $55,000
• Median salary - $80,000
• University professors - $70,000
• Private sector - $100,000
• Highest earners - Top 5% of SIOP members earn from $250,000 to several million each year.

The Occupational Outlook Handbook published by the U.S. Department of Labor reports that in May 2012 the median annual salary for industrial-organizational psychologists was $83,580. The lowest 10-percent of earners made $48,780 while the top ten-percent made more than $168,020.

Another source gives ~$98k as average pay (also giving psychiatrist pay as $144k, which is a bit lower than it is now, so it might be a few years old). Here, I/O psych. pay is shown to have recently spiked up to over $120k in 2011. I know only one of these references exactly answers your question, Mandyjoy. Oh, I just did some Googling mid-post and found this:

Based on the 2009 SIOP salary survey (most recent available), median starting salary with a Master’s is $55K, and the median with a PhD is $75K.

 

[AcronymAllergy]

I've done a lot of recent research on psychology professional prospects. I've found several somewhat contrasting writings about I/O psychologist pay. One bit:

Another source gives ~$98k as average pay (also giving psychiatrist pay as $144k, which is a bit lower than it is now, so it might be a few years old). Here, I/O psych. pay is shown to have recently spiked up to over $120k in 2011. I know only one of these references exactly answers your question, Mandyjoy. Oh, I just did some Googling mid-post and found this:

With I/O especially, I'd imagine looking at median salaries (as at least some of those listed) is going to be the way to go, since I'm guessing there's a HUGE amount of variability (e.g., some folks pulling in mid-$30's while others are making well into the six figures).