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

Rank	Industry	Average Salary i	Entry Level Salary i	# of Empl. i
1	Psychiatric and Substance Abuse Hospitals - Privately owned	$186,630	$63,160	1,330
2	Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities	$186,290	$58,960	670
3	General Medical and Surgical Hospitals - Local government owned	$185,900	$63,360	370
4	Community Food and Housing, and Emergency and Other Relief Services	$185,010	$126,690	50
5	Hospitals - Local government owned	$184,410	$64,240	450
6	Public sector -- Federal, state, and local government, including government owned schools and hospit	$184,210	$87,690	6,520
7	Nursing and Residential Care Facilities	$183,010	$59,230	860
8	State government, including schools and hospitals	$182,510	$92,890	4,640
9	Ambulatory Health Care Services	$181,700	$54,910	11,830
10	Offices of Other Health Practitioners	$180,780	$55,610	720
11	Hospitals - Privately owned	$179,390	$56,330	4,310
12	Health Care and Social Assistance	$178,690	$58,870	20,620
13	Offices of Mental Health Practitioners (except Physicians)	$178,230	$56,250	670
14	Temporary Help Services	$178,160	$58,700	50
15	Other Residential Care Facilities	$177,480	$58,180	140
16	General Medical and Surgical Hospitals	$177,420	$55,660	3,220
17	Vocational Rehabilitation Services	$176,710	$112,210	40
18	General Medical and Surgical Hospitals - Privately owned	$176,220	$54,970	2,830
19	Specialty hospitals - Privately owned	$175,940	$65,770	150
20	Residential Intellectual and Developmental Disability Facilities	$174,650	$49,050	140
21	Hospitals (including private, state, and local government hospitals)	$174,250	$59,660	7,090
22	Specialty (except Psychiatric and Substance Abuse) Hospitals	$174,170	$68,690	190
23	Psychiatric and Substance Abuse Hospitals	$171,700	$72,150	3,690
24	Offices of Physicians	$169,160	$47,800	7,570
25	Services for the Elderly and Persons with Disabilities	$165,640	$72,110	100
26	Colleges, universities, and professional schools - Privately owned	$164,330	$56,650	210
27	Hospitals - State government owned	$164,170	$82,390	2,330
28	Psychiatric and Substance Abuse Hospitals - State government owned	$164,150	$82,880	2,280
29	Educational Services - Privately owned	$159,170	$57,250	300
30	Elementary and Secondary Schools - Privately owned	$150,140	$90,420	40
31	Specialty hospitals - State government owned	$148,220	$73,650	40
32	Elementary and Secondary Schools	$144,180	$59,490	50
33	Insurance Carriers and Related Activities	$105,860	$55,080	200
34	Finance and Insurance	$105,860	$55,080	200
35	Insurance Carriers	$97,590	$54,970	200