This question is about psychologist salaries.

What is the highest-paid psychologist?

By Kate Swindlehurst - Oct. 12, 2023

The highest-paid psychologist is typically a psychiatrist, which is a specialized type of psychologist who can prescribe medication.

Psychiatrists are medical doctors who have completed additional training in mental health issues. Their expertise in both medicine and psychology allows them to diagnose and treat complex mental health disorders that may be influenced by physical health problems. Due to their specialization, they can prescribe medication, which is something that most other types of psychologists cannot do.

Their unique skill set makes them highly sought after, which drives high salaries. According to the U.S. Bureau of Labor Statistics, psychiatrists were the highest-paid psychologists in 2020, with a median wage of $220,380 per year.

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