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Which stream of psychology pays the most?
Psychiatrists prescribe medications for patients with mental illnesses. Psychiatrist positions are by far the highest-paying jobs for psychology majors. Psychiatrists are medical doctors, psychologists are not. Psychiatrists prescribe medication, psychologists can’t. Psychiatrists diagnose illness, manage treatment and provide a range of therapies for complex and serious mental illness. Psychologists focus on providing psychotherapy (talk therapy) to help patients. Psychology in India is gaining attention and its demand is increasing as it is a highly rewarding and lucrative field of study. Needless to say, the scope of psychology, as a career, is huge. The national average annual wage of a psychologist is $85,340, according to the BLS, about 64% higher than the average annual salary for all occupations, $51,960. However, psychologist salaries can vary dramatically from state to state, more so than the salaries of many other occupations. Your Psychologist would also then have a range of expenses – including their own insurances, their own professional development costs, their own registration and professional membership fees. These are all required to remain legally practising, and are often in the thousands of dollars per year.
Which psychology degree is best?
Licensed clinical psychologists who hold doctoral degrees will likely find the best career opportunities, entering well-paying positions in healthcare or mental health organizations, schools, government and nonprofit agencies, or private practice. The country of the Netherlands has a large number of psychologists, and there is an increased demand for them. It is one of the safest countries in the world as well, so it is a great place to work. The country also offers many opportunities for career advancement such as starting your own practice. The B.A., or Bachelor of Arts, in Psychology is meant to prepare students for professional careers related to psychology. The B.A. often involves more elective requirements than the typical B.S. (Bachelor of Science), allowing students to focus on areas of study beyond general psychology. The Average Cost of a Psychology Degree For example, the leading graduate psychology programs in the nation, as ranked by the U.S. News & World Report in 2013, range in annual tuition costs from $10,000+ (residents) to $35,000 (non-residents) for public schools; and roughly $40,000+ for private institutions.