Annual Salaries of Industrial-Organizational Psychologists
The I-O Psyhcologist national mean salary is $104,570, which is 110% higher than the avg mean wage for All Occupations listed in the BLS and 10-33% higher than average mean wages for all other Psychology careers listed in the BLS.
According to the Bureau of Labor Statistics (2016 data), the median wage for industrial-organizational psychologists is $39.79 per hour and $82,760 per year. The lower 10th percentile median annual wage is $52,950 annually and upper 90th percentile is $184,380.
As is the case with most jobs, salary figures will vary depending on what part of the country you live in, your level of education, and years of work experience.
In an infographic published by the Society for Industrial and Organizational Psychology (SIOP) it showed that many of its members working in the Minneapolis/St. Paul, MN ($132K); Los Angeles/Orange Co., CA ($127K); and San Francisco/San Jose, CA ($123K) are among the top-earning industrial-organizational psychologists in the industry. This is closely followed by New York Metro ($122K), Seattle, WA ($120K), Detroit, MI Metro Area ($114.K), and Dallas, TX ($113K).
Top 5 Industries
According to this same study by SIOP, I-O psychologists working in consulting organizations ($120K) and the private sector organizations ($115K) are some of the highest paid in the country. Next come university or college professionals ($101K), government employees ($100K), and not-for-profit organization professionals ($94K).
Salaries by Popular Job Title
The following are annual median salaries for industrial-organizational psychologists by BLS job title.
|Occupation||Annual Median Wage|
|Research and Development in the Social Sciences and Humanities||$118,760|
|Scientific Research and Development Services||$117,880|
|Management of Companies and Enterprises||$111,180|
|Architectural, Engineering, and Related Services||$102,090|
|Professional, Scientific, and Technical Services||$94,240|
|Cross-industry, Private Ownership Only||$87,060|
|Cross-industry, Private, Federal, State, and Local Government||$82,760|
|Management, Scientific, and Technical Consulting Services||$78,590|
|Health Care and Social Assistance||$77,850|
|Federal, State, and Local Government||$77,680|
|State Government, including schools and hospitals||$76,460|
|State Government, excluding schools and hospitals||$75,950|
|Federal, State, and Local Government, including government owned schools and hospitals||$71,680|
|Educational Services – Privately owned||$63,640|
|Colleges, Universities, and Professional Schools||$61,920|
|Colleges, universities, and professional schools – Privately owned||$61,640|
|Elementary and Secondary Schools||$55,940|
|Educational Services – Local government owned||$55,620|
Salaries by Education Attainment
The SIOP report shows that starting incomes for Industrial-organizational (I-O) psychologists vary quite dramatically by education qualifications. The following are typical average mean salaries for I-O specialists based on education attainment.
- Entry-level for Master's graduate – $78,134
- Entry-level for PhD graduate – $95,658
Salary Increases by Years of Experience
Annaul salaries tend to increase with each year of added work experience – $2,900 each year for master’s degree holders and $3,000 each year for doctorate.
Salary by Gender
The salaries for industrial-organizational psychologists vary by gender in 2015 as shown below. Median income levels have increased at an average yearly rate of 2.98% for men and 3.29% for women.
- Women – $104,750
- Men – $116,779
An interesting side-note is that the ratio of female to male I-O psychologists grew between 1982 to 2015 from 81.4% to 89.7%.
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