Apr 13, 2010
2
0
0
Status
Pre-Psychology
Hello,

I am currently applying to grad schools and can't decide between getting a Psy.D & going to Medical school to be a physician. I know I shouldn't decide solely based on money, but it will definitely help me make up my mind!!

I have found some really contradictory info about the salaries for Clinical Psychologists. If anyone can please give me any info about salaries, including starting salaries and that of experienced psychologists, I would REALLY appreciate it!! I live in the San Francisco Bay Area, so info from people in this area would be especially helpful.

Thanks for the help!
 

phillydave

7+ Year Member
Nov 1, 2009
379
2
141
Philadelphia, PA
Status
Post Doc
Hello,

I am currently applying to grad schools and can't decide between getting a Psy.D & going to Medical school to be a physician. I know I shouldn't decide solely based on money, but it will definitely help me make up my mind!!

I have found some really contradictory info about the salaries for Clinical Psychologists. If anyone can please give me any info about salaries, including starting salaries and that of experienced psychologists, I would REALLY appreciate it!! I live in the San Francisco Bay Area, so info from people in this area would be especially helpful.

Thanks for the help!
Last I read, your area was on the higher end of the scale for median salary. However, the salary difference between the PsyD and MD are so vastly different. I mean we're talking 50-75k vs 150k+. Besides your financial goals, you need to figure out, very specifically, what you want out of your education.

Personally, I wish I had gone the medical route, yet I'm very happy where I am now. There are others on this forum who I'm sure would echo me.
 
Jan 12, 2010
19
0
0
Status
Psychology Student
I am not sure what you want to do (psychiatry)... but your barking up two different trees... after some research you should maybe think about what you want to do for the rest of your life... and average salary range isn't really even comparable if that's a defining factor...
 
Apr 13, 2010
2
0
0
Status
Pre-Psychology
Thank you for the info... I know that the two are in completely different salary ranges. I am passionate about Psychology and would prefer to work as a Psychologists, but I also need to make a good enough living to support my family in one of the most expensive counties in the country to live in. I will also come out of grad school with a very large student loan and want to be sure that I can pay it off...

Thanks again.
mm
 

PsychMode

Senior Member
10+ Year Member
7+ Year Member
Aug 14, 2004
215
0
0
Status
Thank you for the info... I know that the two are in completely different salary ranges. I am passionate about Psychology and would prefer to work as a Psychologists, but I also need to make a good enough living to support my family in one of the most expensive counties in the country to live in. I will also come out of grad school with a very large student loan and want to be sure that I can pay it off...

Thanks again.
mm
In addition to the info you got above, I would look into the loans that you would leave school with. I think there is a thread or two addressing loans for PsyDs in this forum. In many PhD programs, you at least get funding (but you may have to take out loans anyway... probably not as much). Med school would at least put you in a better position to pay off debt. If you do the PsyD route, you could pursue a loan repayment program, but that might involve relocating to an area where you personally may not want to be. Are loans a big issue for you?
 

Markp

Clinical Psychologist
10+ Year Member
7+ Year Member
Nov 19, 2007
2,262
20
151
Status
Psychologist
Hello,

I am currently applying to grad schools and can't decide between getting a Psy.D & going to Medical school to be a physician. I know I shouldn't decide solely based on money, but it will definitely help me make up my mind!!

I have found some really contradictory info about the salaries for Clinical Psychologists. If anyone can please give me any info about salaries, including starting salaries and that of experienced psychologists, I would REALLY appreciate it!! I live in the San Francisco Bay Area, so info from people in this area would be especially helpful.

Thanks for the help!
Figure you'll make about 1/3 the salary of a physician... roughly.

Mark