I'm a Psych resident in the NYC area.
I know Adult Psychiatrists that charge cash only: $300-$400/hr. Child Psychiatrists charge: $500-$700/hour. 45-50 hours/week. Do the math.
Of course, this is NYC. You can't charge this type of money in a smalltown midwest. But there is a lot of scope in Psych if you are in NYC/LA/SF with patients wanting cash only. And psych is quickly becoming mainstream, give it 10 years and it will be demand demand demand, and huge shortage of psych. So simple economics determines your price....
200k is the low end. I'm getting offers of 300k to 350k (granted these are 'undesirable' jobs). But the average I've seen is 250k to 275k for 40 hour weeks. Not bad for salary job. But if you want big bucks, head to a big city on the coasts and hustle, cash only practice. Your salary will easily be 400-500k.
And you guys keep forgetting, its not only how much you make. Also take into consideration Malpractice/Overhead costs. Malpractice for Psych is around 8-10k in NYC. For reference, OBGYN = 140kish.
And overhead is also very low.
Just my 2 cents,