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Pay for Psychologists
The median annual wage for psychologists was $69,280 in May 2012. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $38,720, and the top 10 percent earned more than $110,880.
The median annual wages for psychologist occupations in May 2012 were as follows:
- $83,580 for industrial-organizational psychologists
- $67,650 for clinical, counseling, and school psychologists
- $90,020 for psychologists, all other
Psychologists in private practice often set their own hours, and many work part time as independent consultants. They may offer evening or weekend hours to accommodate clients. Those employed in hospitals, nursing homes, or other healthcare facilities may also have evening or weekend shifts. Most psychologists in clinics, government, industry, or schools work full-time schedules during regular business hours.