National Salary Info » Psychiatrists

Highest Paying Industries for Psychiatrists

The top 35 highest paying industries for psychiatrists (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment in those industries are also shown. As shown in the table, with an average annual salary of $186,630, psychiatric and substance abuse hospitals - privately owned is the highest paying industry for psychiatrists. It is followed by residential intellectual and developmental disability, mental health, and substance abuse facilities industry (average annual salary $186,290). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics in May 2015 [1]. For more information about salaries of psychiatrists in a specific industry, use the links in the table.

Table 1. 35 Highest Paying Industries for Psychiatrists

Industry Average Salary i # of
Empl. i
1 Psychiatric and Substance Abuse Hospitals - Privately owned
$186,630
1,330
2 Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities
$186,290
670
3 General Medical and Surgical Hospitals - Local government owned
$185,900
370
4 Community Food and Housing, and Emergency and Other Relief Services
$185,010
50
5 Hospitals - Local government owned
$184,410
450
6 Public sector -- Federal, state, and local government, including government owned schools and hospit
$184,210
6,520
7 Nursing and Residential Care Facilities
$183,010
860
8 State government, including schools and hospitals
$182,510
4,640
9 Ambulatory Health Care Services
$181,700
11,830
10 Offices of Other Health Practitioners
$180,780
720
11 Hospitals - Privately owned
$179,390
4,310
12 Health Care and Social Assistance
$178,690
20,620
13 Offices of Mental Health Practitioners (except Physicians)
$178,230
670
14 Temporary Help Services
$178,160
50
15 Other Residential Care Facilities
$177,480
140
16 General Medical and Surgical Hospitals
$177,420
3,220
17 Vocational Rehabilitation Services
$176,710
40
18 General Medical and Surgical Hospitals - Privately owned
$176,220
2,830
19 Specialty hospitals - Privately owned
$175,940
150
20 Residential Intellectual and Developmental Disability Facilities
$174,650
140
21 Hospitals (including private, state, and local government hospitals)
$174,250
7,090
22 Specialty (except Psychiatric and Substance Abuse) Hospitals
$174,170
190
23 Psychiatric and Substance Abuse Hospitals
$171,700
3,690
24 Offices of Physicians
$169,160
7,570
25 Services for the Elderly and Persons with Disabilities
$165,640
100
26 Colleges, universities, and professional schools - Privately owned
$164,330
210
27 Hospitals - State government owned
$164,170
2,330
28 Psychiatric and Substance Abuse Hospitals - State government owned
$164,150
2,280
29 Educational Services - Privately owned
$159,170
300
30 Elementary and Secondary Schools - Privately owned
$150,140
40
31 Specialty hospitals - State government owned
$148,220
40
32 Elementary and Secondary Schools
$144,180
50
33 Insurance Carriers and Related Activities
$105,860
200
34 Finance and Insurance
$105,860
200
35 Insurance Carriers
$97,590
200
See also: Highest paying cities for psychiatrists.