If you’re considering a degree in psychiatry, you likely have more than a few questions, such as the following:
- What are the different careers you can pursue in psychiatry?
- What does a psychiatrist salary look like?
According to the Bureau of Labor Statistics, the national average psychiatrist salary is around $200,220. The precise amount, however, may vary based on the specialty you select.
Factors That Influence Psychiatrist Salaries
As a psychiatrist, your salary is based on a number of factors, including:
- Level of education
- Where you received an education
- Years of experience
- State and city where you work (influenced by demand and cost of living)
- Type of work performed (public vs. private practice)
- Cost of your insurance
- Type of psychiatry specialty
Psychiatrist Salary By Specialty
To learn more about the psychiatrist salaries and benefits of a particular psychiatry specialty or field, see the following psychiatrist specialities.
This specialty focuses on the evaluation, diagnosis, and treatment of people who are suffering from an addiction. Some of the most common addictions include prescription and illegal drugs, alcohol, gambling, food, and sex. Addiction psychiatrists make an average of $195,087 each year, but salaries can range anywhere from $70,523 to $276,845, depending on experience.
Child and adolescent psychiatry
Child psychiatrists help diagnose and treat mental disorders in children and teenagers. The bottom 10 percent earns about $120,000, while those in the top 10 percent make about $266,554 per year. On average, the salary for this specialty is $227,316.
When a treating physician or medical team has questions about a patient’s mental health, they will refer to a consulting psychiatrist for help. Consultant psychiatrists make $95,561 per year on average. They also have the potential to earn commission, which can add a lot to their annual earnings. For this reason, consultant psychiatrists have a wide salary range from $51,474 to $244,539.
This specialty focuses on the overlap between criminology and psychiatry. Forensic psychiatrists help attorneys, courts, and other parties involved in current or possible litigation determine an individual’s mental competence. They also may act as expert witnesses during a trial or some other kind of court proceeding. There may even be cases where forensic psychiatrists are asked to weigh in with sentencing recommendations.
According to the Bureau of Labor Statistics, forensic psychiatrists earn an average salary of about $177,330 per year. The bottom 10 percent earns less than $70,920, while the top 10 percent receives around $187,199 a year.
Geriatric psychiatry is the treatment of mental disorders in elderly patients. This field is expected to expand as the population ages. Currently, a geriatric psychiatrist earns between $179,546 per year on the low end and $297,988 annually on the high end, with the average hovering around $195,995.
The government aims to maintain as many fit military members as possible, and that includes mental fitness. Military psychiatrists may be military members themselves or civilian consultants. They provide services for military personnel and their family members who struggle with common mental disorders as well as more severe conditions such as PTSD.
The average salary for military psychiatrists is $249,407, but this may range from $205,000 to $276,000, depending on experience.