Salary in a Psychiatry Career
A psychiatrist refers to a physician who diagnoses and treats mental illness. On average, a psychiatrist earned $154,050 in 2008, according to College Board. Psychiatrists earn an average hourly wage of approximately $70, according to Healthcare Salary Online.
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Considerations
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Pay rates vary, especially by location. Rural areas often pay less, while psychiatrists in metropolitan areas may make $85 or more hourly, according to Healthcare Salary Online.
Requirements
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You must have a bachelor's degree, four years of medical school and four years of residency to be a psychiatrist, according to College Board. High school and undergraduate students can prepare for a career in psychiatry by taking psychology classes and advanced science classes.
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Outlook
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As of 2010, the U.S. government expects demand for physicians, including psychiatrists, to increase through at least 2018. The retirement of practicing psychiatrists and the aging of the general population will contribute to an increase in psychiatry jobs.
Fun Fact
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Iowa, Alaska, Alabama, Colorado and New Jersey have the highest average psychiatry salaries in the United States, according to Healthcare Salary Online.
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