This question is about psychiatrist salaries.

Do psychiatrists make good money?

By Zippia Team - Nov. 16, 2022

Yes, psychiatrists make good money. On average, a psychiatrist makes $240,000 a year. The pay can waver a bit either way, depending on education, certifications, and experience.

A psychiatrist spends at least eight years getting the appropriate schooling, followed by a residency. The time and effort it takes to become a psychiatrist are well deserving of the pay.

The salary range for a psychiatrist is from $50,000 to $353,000. Where you fall in this range depends on what your position is. A psychiatric counselor is on the lower end of the pay scale. The middle pay range is more area specific and therefore has a bit higher pay. Typically the highest-paid psychiatrist is a locum tenens psychiatrist. A locum tenens psychiatrist is basically an on-call person or temporary fill-in.

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