These are the highest paying psychology jobs

If you have been thinking about going into the field of psychology, you might be wondering where the money is. We are going to take a look at some of the highest paying psychology jobs below.


The highest paid psychology job is that of a psychiatrist. The average salary of a psychiatrist is around $216,090 a year, although this can vary. In order to become a psychologist, you will need to undergo around 8 years of post undergraduate study. This usually involves getting a bachelor’s degree, graduating from med school, and then completing a 4 year residency. This is one of the highest paying fields in psychology, but the salary can vary considerably depending on your area of specialty, where you are employed, and the type of work that you do.

Industrial-Organizational Psychologist

The second highest paying psychology job is an industrial-organizational psychologist. Most of the time, you will need at least a master’s degree to go into this field, as this is the minimum amount of training that is required. With that being said, holding a doctoral degree will work to your advantage.

There are some opportunities available for those that hold a master’s degree, but earning a doctorate degree in this field will open up many more opportunities, as well as higher salaries. These psychologists will be able to use their knowledge of psychology in order to tackle any issues that arise in the workplace.

Interestingly, the Bureau of Labor Statistics has reported that industrial-organizational psychologists that are employed within the scientific research and development industry can earn the highest. Those that are employed at colleges, universities, and professional schools will be on the lower end when it comes to salary.


The third highest paying job in psychology is a neuropsychologist. In order to become a neuropsychologist, you will need to have a doctorate degree in either neuropsychology or clinical neuropsychology.

Neuropsychologists will specialize in the study of the brain and cognitive science, and those that work in this field will perform cognitive tests, assess people that have suffered from a brain injury, and even study how drugs can impact the nervous system. Neuropsychologists can work at colleges and universities, hospitals, research centers, mental health clinics, and pharmaceutical labs.

What is the Most Well Paid Field in Psychology?

The most well paid field in psychology is psychiatry, and this is easily the highest paying job in this field by far. According to the BLS, the job growth for psychiatrists is expected to be at 15% by 2024, and this growth is much faster than other occupations.

What Psychology Degree Do You Need to Earn the Most?

The highest earning psychology job is a psychiatrist, and in order to become a psychiatrist, you will need to take the following steps:

Step 1: Earn a Bachelor’s Degree

Step 2: Apply to Medical School

Step 3: Earn License to Practice Medicine

Step 4: Residency

Step 5: Obtain License to Practice Psychiatry

Step 6: Certification