For example, master’s-level psychology professors earned an average, annual salary of $87,119 in 2015-16, up from $85,934 a year earlier. Average annual salary, selected clinical psychology master's degree jobs Human Resources Directors $120,071.96 Clinical, Counseling and School Psychologists $81,131.80 All $77,214.41 Market Research Analysts $65,819.41 Rehabilitation Counselors $41,463.33 Of course, possible salaries today are … Meanwhile, the starting salary for a doctoral graduate is approximately $55,000. We sampled a number of job sites from September 2017, choosing only those job posts calling for candidates with a master’s degree. Whether your goal is a terminal master’s degree or a master’s degree that will eventually lead to a doctorate, one thing’s for sure: There are plenty of places a master’s degree in psychology can take you—and they all come with professional gratification and some pretty sweet financial rewards. While the above statistics are a bit dated, they clearly show the trend: a growing number of psychologists are entering the field with a master’s degree. According to the BLS, the mean, annual salary for clinical, counseling, and school psychologists was $78,690, as of May 2016. Master of Arts (MA), Psychology - Salary - Get a free salary comparison based on job title, skills, experience and education. To get a better idea of the salaries associated with master’s-prepared psychology professionals (often called psychological associates), we can turn to the Bureau of Labor Statistics (BLS) May 2016 report. While the salary statistics provided by the BLS do not separate psychology professionals according to highest degree earned, we can look to mid-range salaries for the most accurate representation of what master’s-level professionals are earning (while average salaries for the top 50 percent are likely reserved for those with doctoral degrees). For example: Online bachelor's and master's programs in Psychology with the option to focus in Addictions, Applied Psychology, Child & Adolescent Development, Forensic Psychology, Mental Health, Social Psychology, or I/O Psychology. Careers devoted to the study of human behavior and the human condition aren’t limited to doctoral-prepared psychologists and psychiatrists. While salary reports can provide a great deal of insight regarding trends and averages, it’s often recent job posts that provide a real-time glimpse into what employers are paying psychology professionals who hold master’s degrees as their highest degree. The Society for Industrial and Organizational Psychology (SIOP) also broke down salaries by highest degree earned, which provides a unique insight into what you can make as a master’s-prepared I/O psychologist/psychological associate. In 2015, the average, annual salary for master’s I/O psychologist practitioners was $85,000, versus $64,000 for their colleagues in academia. Their numbers have also been increasing. The typical starting salary for a master's degree graduate is around $40,000. Accurate, reliable salary and … Online programs include a BS in Psychology, as well as Master's, PhD, and PsyD programs in over a dozen specialty areas. We found that many jobs were targeted at psychological associates for local/state/governments and correctional institutions. While I/O psychologists with master’s degrees as their highest degree made up just 7 percent of all I/O psychologists, by 2014, this number had increased to 17 percent, and then jumped to an impressive 23 percent by 2015. According to the APA, salaries for master’s-prepared psychology faculty increased across all levels between the 2014-15 and 2015-16 academic years. While just 3 percent of all master’s I/O psychologists reported working in academia in 2015, 31 percent reported working as practitioners. Holding a master’s degree in psychology can—and often does—translate well into successful careers in any psychiatric/mental health setting and in any branch of psychology- from psychotherapy in private practice to managing severe psychiatric disorders in a clinical setting. (Infographic), 10 WWII Stamp Forgeries Used as Psychological Warfare, Offices of other health practitioners: $89,530, Management of companies and enterprises: $86,180, Associate Professor: $68,426 (2015-16), $66,313 (2014-15), New Assistant Professor: $57,729, $57,532, Psychological Associate, correctional institution: Green Bay, WI: $73,195, Psychology Associate, department of corrections, Shelton, WA: $56,100-$73,596, Psychology Associate, correctional institution, Virginia: $40,153-$77,074, Clinical Psychologist, state government, IL: $72,396-$111,216, Staff Psychologist, state government, NC: $48,195-$81,392, School Psychologist, state government, MO: $40,536-$54,744, School Psychologist, Saint Helens, OR: $42,986-$79,810, Human Services Coordinator, state government, SC: $39,960-$73,935, Psychology, Adjunct, university, OK: $47,580, Psychology Technician, Veterans Administration, OK: $49,765-$64,697, Clinical Psychologist, Air Force, CA: $32,844-$155,073, Behavioral Health Specialist, county government, OR: $63,468-$85,248, Psychology Associate Senior, correctional facility, VA: $52,426-$97,223. Mean wages for the top-paying industries during this time were: The mean salaries for the top-paying states during this time were: The BLS also provided salary statistics for psychologists, all other. In general, master’s-level practitioners earned 33 percent more than their master’s-level colleagues working in academia. According to the APA, salaries for master’s-prepared psychology faculty increased across all levels between the 2014-15 and 2015-16 academic years. According to the Society for Industrial and Organizational Psychology , the top 5% of their members earn in excess of $250,000 a year. A January 2017 American Psychological Association (APA) article revealed that while many careers in psychology do require a doctoral degree, master’s-prepared professionals are also in demand. Salaries for master’s-prepared faculty, by title and experience, included: Salaries for Industrial and Organizational Psychologists. These likely include psychologists in subfields like forensic psychology, neuropsychology, geropsychology, health psychology, and industrial-organizational psychology, among others. For example, master’s-level psychology professors earned an average, annual salary of $87,119 in 2015-16, up from $85,934 a year earlier. Though a doctorate is the universal standard for full authority practice, a number of states do license master’s-level practitioners in some subfields of psychology. Similarly, the National Science Foundation (NSF) reported that growth in the number of research-focused master’s degrees conferred has also steadily grown—from about 15,000 in 2003 to 22,000 in 2011.
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