J
Janey
In terms of how much you will be making as a PsyD graduate in clinical psychology. Here is some information from the federal government website. It looks like the median for clinical psychologists will be somewhere around 60,000. For an outpatient hospital setting, it would be around 50,000 per year. These are for full-time positions and will vary geographically. For example, in California, the average psychologist (and they group clinical, counseling, school) makes about $76,000. This is not much considering that it is a very expensive state to live in.
When applying to graduate school, consider that you will be making less than most professionals even after 5-7 years of graduate training and lots of debt. People often assume that they will just take out a lot in loans and then will be able to pay it off by opening a booming private practice. Making a living off of private practice can be extremely difficult and your income can fluctuate rapidly. For example, many private practice psychologists are losing many patients due to the recent economic crisis. They are also taking on part-time positions (e.g. assessments, forensic work) in order to support themselves.
Earnings[About this section] Back to Top
Median annual earnings of wage and salary clinical, counseling, and school psychologists in May 2006 were $59,440. The middle 50 percent earned between $45,300 and $77,750. The lowest 10 percent earned less than $35,280, and the highest 10 percent earned more than $102,730.
When applying to graduate school, consider that you will be making less than most professionals even after 5-7 years of graduate training and lots of debt. People often assume that they will just take out a lot in loans and then will be able to pay it off by opening a booming private practice. Making a living off of private practice can be extremely difficult and your income can fluctuate rapidly. For example, many private practice psychologists are losing many patients due to the recent economic crisis. They are also taking on part-time positions (e.g. assessments, forensic work) in order to support themselves.
Earnings[About this section] Back to Top
Median annual earnings of wage and salary clinical, counseling, and school psychologists in May 2006 were $59,440. The middle 50 percent earned between $45,300 and $77,750. The lowest 10 percent earned less than $35,280, and the highest 10 percent earned more than $102,730.
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