I'd advise all of you to look at the data the NRMP puts out, namely Charting Outcomes. As a side note, I think they're the only organization requiring mandatory participation in their service that is not out to screw us, unlike the USMLE peeps.
The "How competitive is Psych?" question usually gets responses from two camps:
"It's one of the
least competitive specialties out there..."
OR
"Don't kid yourself. It's not like the old days. It's getting
more competitive every year."
Both are right. Like masterofmonkeys suggests, read Charting Outcomes. Psych's average Step 1 was 210 for graduating U.S. seniors in 2007's match. It was 218 in 2009. That's a big jump.
Of couse, pretty much every specialty jumped. Family went from 211 to 214. Like smq123 mentioned, the number of med school seats went up without more residency slots opening up.
So yes, Psych is getting more competitive. As is every specialty. The top programs are going to get increasingly competitive even for very promising u.s. allopathic grads. Folks with less polished records are going to have to apply more widely.
But Psych is still one of the least competitive specialties. When folks say "Matching into Psych is hard..." what they really mean is "
Matching is hard..." Psych's still much easier to match in than almost any specialty.
Best advice is to
apply broadly. As Charting Outcomes highlights,
every U.S. senior who ranked 11 or more programs matched (with the exception of one poor soul who was in the top category of ranking 16 or more programs and still didn't match). If you are coming from the osteopathic side of the house or internationally, applying broadly is especially wise.