Obtain advanced degrees
Developmental psychologists who hold advanced degrees, such as a Ph.D. or Psy.D., may be able to command higher salaries than those with only a bachelor’s or master’s degree. According to the Bureau of Labor Statistics, the median annual salary for psychologists with a doctoral degree is $98,230, compared to $73,300 for psychologists with a master’s degree.
Specialize in a specific area
Developmental psychologists who specialize in a specific area, such as autism or early childhood development, may be in higher demand and able to command higher salaries. Developmental psychologists who specialize in autism earn an average salary of $82,000 per year.
Work in a high-paying industry
Developmental psychologists who work in high-paying industries, such as research and development or pharmaceuticals, may be able to earn higher salaries than those who work in other industries. According to the Bureau of Labor Statistics, the top-paying industries for developmental psychologists were:
- Scientific research and development services: $108,710
- Management, scientific, and technical consulting services: $106,440
- Pharmaceuticals and medicine manufacturing: $103,620
- Federal executive branch: $99,000