Salaries for counseling psychologists are affected by geographic location, specialty, educational qualifications, and experience. Counseling psychologists typically begin their careers earning between $32,000-39,000 a year, but their salaries increase after skills are improved. Counselors with 2-3 years of experience typically earn $40,000 or more a year. Those with 6-8 years of work experience can make anywhere between $45,000-55,000 annually. Counseling psychologists with 10 or more years of experience can earn more than $60,000 annually, while those with 15 or more years of experience can earn $70,000 or more each year. Counseling psychologists working in big cities usually earn more than their colleagues in smaller ones. Likewise, counseling psychologists employed by private sector companies typically make more money than those employed by government agencies.
Source: US Department of Labor, Bureau of Labor Statistics, Payscale.com, Salary.com