Psychiatrist’s salary in the United States is about $193,310 per year and the salary mainly depends on one’s work experience and advanced qualifications. Although, the psychiatrists with more medical experience reportedly earn more annual salary however other factors such as geographic location, type of sub-specialty, advanced training also determine a psychiatrist’s salary. Self-employed psychiatrists usually earn a higher annual income compared to those working in medical schools. Psychiatrist salary is one of the highest.
Psychiatrist job description
A psychiatrist is a health care professional who deals with the patients suffering from various psychiatric disorders such as depression, anxiety, psychosis, emotional disorders, phobias, behavioral disorders, drug abuse, sexual dysfunction and other developmental disabilities. The psychiatrists provide mental health care, evaluate as well as diagnose the patient’s condition, advice for psychotherapy, psychiatric counseling, and plan an appropriate treatment including medication psychoanalysis, and hospitalization.
How much does a psychiatrist make ?
Average psychiatrist salary
An average yearly salary for a psychiatrist ranges from between $160,000 to $230,000. An average salary for a psychiatrist in the US is about $163,660 per annum while an average hourly wage is about $78.68 per hour.
Psychiatrist salary in USA
Based on percentiles, the median yearly salary for 90th percentile of psychiatrists has been around $228,900. Similarly, about 75th percentile of psychiatrists received $211,939, 25th percentile of them received $174,542 while 10th percentile received $157,454 per year. The median hourly wage for a psychiatrist ranges from between $32.43 – $81.9 per hour.
Psychiatrist salary in Canada
On an average, a psychiatrist in Canada receives an annual salary ranging from between C$ 35,234 – C$200,469. In addition, a bonus of about C$ 20,624 will be credited to his or her account. In fact, a psychiatrist in Canada receives his or her total earnings ranging from between C$24,585 – C$361,572 per annum.
Psychiatrist salary in UK
The average expected salary for a psychiatrist in the United Kingdom is about £56,341 per annum. According to all salary survey, the median salary for a psychiatrist is about £47,000 per year. An average hourly wage for a psychiatrist is about £28.17. A psychiatrist’s salary varies based on his or her age as the one in 20s earns up to £42,256, in 30s earns about £55,215, in 40s and in 50s earns about £65,356 per annum.
Psychiatrist salary in Australia
On an average, a psychiatrist in Australia receives an annual salary ranging from between AU$58,466 – AU$203,322. In addition, a bonus of about AU$ 40,547 will be credited to his or her account. In fact, a psychiatrist in Australia receives his or her total earnings ranging between AU$58,958 – AU$242,355 per annum.
Forensic psychiatrist salary
Forensic psychiatrists determine the extent of criminal behavior of the accused by providing the evidence during legal proceedings. Forensic psychiatrists earn an average annual salary ranging from between $35,000 to $ 600,000 while an average hourly wage can range from between $150 – $750 per hour.
Child psychiatrist salary
Child psychiatrists or pediatric psychiatrists are physicians who treat and counsel the children, young adolescents and their families presenting with various psychiatric conditions. An average yearly salary for a psychiatrist ranges from between $50,000 – $ $199,186 per annum while an average hourly wage ranges from between $ 28.91 to $80 per hour.
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Psychiatrist education, training and certification
An aspiring psychiatrist should first complete an entry-level education (pre-medical studies or bachelor’s degree in psychology) and should complete 4 years of medical school from an accredited medical school. This is followed by about 3 years of residency program in the field of psychiatry. One should possess a narcotics license as well as a license to practice medicine. In addition, the practitioner should register his or her medical practice with the Drug Enforcement Administration.
Conclusion about psychiatrist salary
A psychiatrist’s salary is determined by an advanced training, work experience and additional qualifications. The psychiatrists working in rural areas receive a much lower income when compared to those employed in major metropolitan areas.