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This question is about therapist salaries.
What is the highest-paid therapist?
The highest-paid therapist is a psychiatrist. A psychiatrist is a medical doctor trained in psychiatric therapy and earns an average salary of $217,798 a year. This is significantly higher than the average salary for a regular therapist who earns around $75,000 a year.
A psychiatrist is the only type of therapist who is able to prescribe drugs to treat mental disorders such as depression, anxiety, and personality disorders. It takes between 10 to 15 years of study, including the completion of a medical doctorate degree and 4 years of residency. Psychiatric residency programs are also competitive to get into, with around 71% of applicants being accepted.
Another high-paying therapy position is clinical psychologist, who earns an average of $85,000 a year. Clinical psychologists typically need a doctorate degree in psychology (Ph.D. or Psy.D.). They must then complete a supervised residency which lasts one or two years and pass their state's licensing exams. Clinical psychologists help diagnose, treat, and present mental illness.
A third high-paying role in therapy is a counseling psychologist. To work as a counseling psychologist must hold a Ph.D., Psy.D., or Ed.D. degree. The fields of counseling psychology and clinical psychology are closely related; the difference is that clinical psychologists typically work with individuals suffering from more severe kinds of mental disorders, and counseling psychologists work with individuals suffering from less severe disorders
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