A career as a psychologist has always been popular. Psychologists are typically respected and well compensated, but not all of them work in private practice. A psychology consultant, also known as an organizational psychologist, use his expertise to help guide personnel, management and administration for businesses. A psychology consultant also can be involved in policies, business analysis and marketing and sales issues. There are many options available to psychology consultants in the work force and a wide range of salaries to accompany them.
General Salary Range Statistics
As of May 2009, there were about 1,710 organizational psychologists working in the United States making an average salary of $102,570 a year, according to the United States Bureau of Labor Statistics. Only the bottom 10th percentile of psychology consultants reported earning less than $44,570 a year, but most fell into the middle 50 percent of wages, ranging from $62,900 to $121,780 a year. The top 10th percentile of earners wages were not reported, but were estimated to be above $166,400 annually.
Wages by State
One of the primary factors to consider when determining psychology consultant wages is location. The cost of living can have a great influence on salaries. For example, the state of Illinois, despite having a very low concentration of organizational psychologists, reported an average salary of $64,270 a year, far below the national average in 2009. Ohio and Massachusetts also reported lower than average wages at $84,680 and $87,500 annually, respectively. However, several states paid higher wages, including Missouri, North Carolina and Minnesota, which averaged between $108,000 to $118,110 annually. The bureau report reported that the two states with the highest pay in 2009 were New York and Florida, which averaged $123,010 and $126,640 a year, respectively.
Industry or Type of Employer
In 2009, more than 800 psychology consultants worked for management, scientific and technical consulting firms and earned an average of $121,010 a year. Those working for colleges and universities made $72,060 on average. According to the bureau report, there was only one industry that paid more than management consulting firms. Psychology consultants holding positions in business schools and computer and management training organizations could expect an annual mean wage of $124,220 in 2009.
Psychology consultant share the same requirements as traditional psychologists. A minimum of a bachelor's and master's degree in psychology is mandatory, and a Ph.D. is necessary for many positions involving teaching, research, clinical work, university counseling and government. Those pursing positions in business may need experience or training in that area. All psychologists must be licensed, commonly through the American Board of Professional Psychology (ABPP).