Do employees with a master s in psychology get paid more?

There are several jobs listed here that are only obtainable with a master's degree, and they are more highly paid. They include psychometricians, school psychologists, and psychotherapists. That being said, there are many jobs on this list that also don't require a master's degree and are well compensated.

Psychology isn't a field where getting a higher degree is paramount. That means that you have a choice as to whether or not you want to take on the expense and time it requires to get a master's degree. A better education does usually equate to a higher paycheck, but you'll have to see whether or not it'll exceed the cost of the classes.