5 Factors That Influence How Much a Counseling Psychologist Makes

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Counselling psychology is a psychological speciality. It primarily focuses on how patients handle issues in their personal lives and relationships. Counselling psychologists usually examine an individual’s experience and explore underlying issues. Counselling psychologists help patients to deal with issues such as:

  • School and work adjustment issues
  • Marital and family complications
  • Learning challenges
  • Mental health problems
  • Negative life events such as bereavement

Good counselling psychologists are usually equipped with the following traits:

  • Good communication skills
  • Good listening skills
  • Good problem-solving and analytical skills
  • Patience
  • Empathy

In addition to these soft skills, you’ll need a bachelors in counselling psychology from places like CareersInPyschology.org to become a counselling psychologist. Additionally, you’ll need a master’s degree to become a licensed counsellor. Requirements differ by state, but typically you’ll need a graduate degree and proof of several hours of training under a licensed counsellor to become a licensed counsellor.

But before you enrol for a course in counselling psychology, one question may be top of mind – how much do counseling psychologists make? Keep on reading to learn more about their earnings and the factors that influence how much they earn.

How Much do Counseling Psychologists Make?

Counselling psychologists earn an average annual wage of $89,290 or $42.93 per hour in the United States. People on the top end of the spectrum, the top 10% to be precise, earn approximately $138,550 annually, while the bottom 10% earn roughly $46,410, according to statistics from the U.S. Bureau of Labor Statistics.

Factors that Influence Counseling Psychologists Earnings

Several factors influence counselling psychologists’ earnings. Here are the top five that influence how much they make.

Geographical Location

Geographical location significantly affects earnings. The states with the highest wages include California ($115,830), Hawaii ($110,780), Louisiana ($109,780) and, Oregon ($108,000). Meanwhile, California, New York, Texas, Illinois, and Florida hold the highest employment level for the profession. However, when choosing where to work, consider the cost of living against the earning potential.

Experience

Experience is undoubtedly the most significant factor affecting wages. As with other professions, there is no substitute for experience. Practitioners with many years of experience generally tend to earn more than counseling psychologists who recently graduated.

Industry

Counselling psychologists work in various settings such as schools, hospitals, government facilities, and more. The industry you choose to work in can have a significant impact on your earnings. The top-paid counseling psychologists work in outpatient care ($109,100), while the bottom earners work in elementary and secondary schools ($80,960).

Education

Not only can earning an advanced degree expand your job prospects, but it can increase your earnings too. According to a 2015 APA report, psychologists with a PsyD earned $75,000, while those with a Ph.D. earned $85,000.

Employer

Closely related to the industry, the employer is another significant factor that influences earnings. Generally, employers in the outpatient care, child daycare, and home health care industries pay the best.

Final Word

Overall, counseling psychology can be a rewarding career. Not only can it help you to make a positive impact on other people’s lives, but it can pay well too. It’s also estimated that the demand for counseling psychologists will continue to rise as more people turn towards them to address their issues, making it an excellent career worth pursuing.

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