How much does a Psychiatrist make?

The national average salary for a Psychiatrist is $251,592 per year in United States. Filter by location to see a Psychiatrist salaries in your area. Salaries estimates are based on 2368 salaries submitted anonymously to Glassdoor by a Psychiatrist employees.

The highest salary for a Psychiatrist in United States is $460,414 per year.

The lowest salary for a Psychiatrist in United States is $145,923 per year.

If you are thinking of becoming a Psychiatrist or planning the next step in your career, find details about the role, the career path and salary trajectory of a Psychiatrist.

Psychiatrists are well compensated, typically earning six-figure salaries. This pay level reflects both the advanced degrees required for their work and the rising demand for the services of mental health professionals. Psychiatrist pay is expected to grow over the next decade, as the trend towards higher mental health awareness continues. Similar to other doctors, psychiatrists who graduate from the highest ranking medical schools and who work for the wealthiest hospital systems typically earn the highest pay.

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69% of psychiatrists describe themselves as satisfied with their current salaries, according to Glassdoor's anonymous employee ratings. Comprehensive benefits packages, career flexibility, and advanced degrees all impact salary as a psychiatrist, and accomplished professionals can bring home an additional $28,315.86 every year they're on the job.

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Over time, a psychiatrist's earnings range between $162,346.64 and $512,231.62, with an average annual income of $279,907.99. Professionals with advanced degrees, specialized knowledge, and years in the field earn the most as they follow the average [career path of a psychiatrist](https://www.glassdoor.com/Career/how-to-become-psychiatrist_KO14,26.htm). The next level up in seniority is chief psychiatrist, which can be attained after proving your knowledge of the field and building experience.

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Location factors into your salary as a psychiatrist, as it trends higher in major cities. Likewise, practices in profitable neighborhoods also pay more. Regardless of competition in the local area, you can always make more from your role through experience and education in an in-demand specialty. Provide specialized care for those living with a mental health condition such as schizophrenia or bipolar disorder, or focus on a highly marketable age group, such as young children, adolescents, or the elderly. The more in-demand your specialty is in that area, the more you'll earn. Where you're educated is important too; professionals from prestigious institutions or highly reputable programs earn higher psychiatrist salaries.

Set yourself apart from fellow professionals, and you'll have a reasonable request for a higher salary as a psychiatrist. Since they vary by location, research local salaries so you know what others are making and how you fit in. If psychiatrist salaries have a wide range, highlight your level of education, experience, and specialized skills to be placed near the top of the ladder. Specialize in a particular disorder or age group, and you'll be a major asset to potential employers when seeking psychiatrist jobs. The same applies to master's or doctorate degrees in the field, especially from prestigious institutions.