How Much Money Does a Psychiatrist Make?

How Much Money Does a Psychiatrist Make?

How Much Money Does a Psychiatrist Make?

According to the 2012 U.S. Bureau of Labor Statistics, a psychiatrist makes an average yearly salary of $182,660, or $87.82 per hour. A psychiatrist's salary varies depending on geographic location, education, experience and employment sector.

The bottom 10 percent of psychiatrists make an average yearly salary of $69,790, while the top 10 percent make $241,000 or more per year.

About Psychology states that psychiatrists that are employed in a physician's office make an average annual salary of $154,650, while those that work in outpatient care centers make about $190,340 per year.

In addition to their annual salary, psychiatrists may also receive generous bonus pay and benefits, according to Health Care Worker Salary.