Graduates who possess a masters in clinical psychology can expect to have a strong outlook for their job prospects, due to a steady need for qualified mental health professionals.
As with every career, experience plays an enormous factor in salary. A clinical psychologist salary jumps significantly around the fifth year, and salaries tend to increase steadily with each consecutive year. A clinical psychologist with more than twelve years of experience receives an annual salary of about $82,800 per year. In addition, a clinical psychologist with more than twenty years of work experience receives a much higher annual salary of about $124,444 per year. In addition to this, clinical psychologists engaging in private practice will most often create their own hourly rate for patients, and could make up to $200,000 a year.
The BLS reports that the top paying states for clinical psychologists are New Jersey, Hawaii, California, New York, and Rhode Island. Of the top five highest paying states, only California and New York also made the top five for highest employment level. Other states that rank high in the number of clinical psychologists employed there are Texas, Pennsylvania, and Illinois.
How to Become a Clinical Psychologist
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