I cannot speak to the experience of being a psychiatrist (as I am a psychologist) but I really enjoy getting the opportunity to have what I consider to be a sufficient amount of time (up to an hour) during regular visits with patients who are seeking help for mental health issues. Unfortunately, if you're doing medication management, you're talking about 20 min per patient which I would find both frustrating (and overwhelming) considering the number of patients you'd have to see during a shift. Psychology has its own issues including competition from social workers, 'licensed professional counselors', etc. into the practice of psychotherapy so, outside certain settings (for now, the VA system), the model of being a psychologist primarily providing direct psychotherapy services may be waning in feasibility. At the same time, issues related to mental health and mental disorders are increasingly part of the public discourse. Unfortunately, this has not (as of yet) translated into a significant bump in psychologist salaries (so, don't go into the field to 'get rich' or anything) but it does appear that there is an increase over time in public interest in mental health issues. Of course I am biased, but I think that a doctoral degree in clinical psychology from a good university puts one in an optimal place to be well-informed on such issues and capable of applying that knowledge in practical ways that truly benefit people. And, if nothing else, I find it to be a 'pure mission' (providing therapy services to people) in an increasingly cynical and corrupt society.