The Average Starting Salary for a Psychiatrist
Psychiatrists are doctors trained to diagnose and treat mental disorders, discuss issues regularly with patients and help them find solutions to their problems. Median salaries for those just starting out in the field can range from $70,000 a year to $150,000.
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Starting Salaries
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The median salary range for psychiatrists with less than a year of experience is $68,784 and $148,559 in 2010, according to PayScale. Although a survey by the physician recruiting firm, Locum Tenens, purports that psychiatrists with five years of experience had an average salary of $198,100 in 2010. The average salary overall was $202,973, according to the Locum Tenens' survey. However, the Bureau of Labor Statistics estimates that average salaries for psychiatrists was $163,660 in 2009.
Specialties
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According to 2000 and 2001 combined survey data provided by American Academy of Child and Adolescent Psychiatry, the starting income for child and adolescent psychiatrists is higher than for adult psychiatrists. Additionally, insurance companies often reimburse subspecialists at a higher rate.
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Warnings
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Health care position salaries fluctuate depending on the economy and especially the availability of health insurance; when people feel that they have to struggle to pay medical bills, they are less likely to see a doctor. This affects not only starting salaries for psychiatrists, but also job availability overall.
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References
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