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15 Most Lucrative Career Paths in Clinical Psychology

A career in clinical psychology offers more diversity than a lot of fields of medicine. It can also be very lucrative. Clinical psychology masters can work in medical facilities, or in group or private practices. A lot of clinical psychologists work with patients that suffer from emotional or mental issues. However, many psychologists work directly with patients who've suffered spinal cord injuries or disorders of the brain. To become a clinical psychologist, either a Ph.D., or Psy.D., is a requirement. The student must complete a dissertation and an internship of one year. Median salaries for clinical psychologists was approximately $64,140 in 2008.

  1. Child Psychiatrist - The highest-paying field in psychology which requires 8 years of training beyond their advanced degree in psychology. Usually 4 years in psychiatric residency and 4 in medical school are required. They treat children with mental and emotional problems. Children with severe issues require prescription medication. Child psychiatrists often average salaries of $160,000 and upwards.
  2. Psychiatrist - Psychiatrists have a broader range of careers, and may treat children and adults. They have the same training as a child psychiatrist and can specialize even further in counseling, geriatric psychiatry, or additional areas.
  3. Occupational Psychologist - Handles issues in the workplace. They can improve the efficiency of businesses by improving how the staff performs, improving morale, and maximizing how effective groups of employees are. Annual salaries may start at $60,000, but can go up to $160,000. The expertise of the psychologist, length of contracts with clients, and geographical location are variables.
  4. Clinical Psychologist - Deals with psychopathology and how to reduce incidents of mental illness. The difference between a clinical psychologist and psychiatrist is that clinical psychiatrists can prescribe prescription drugs. A clinical psychologist usually makes about $40,000 to start, up to $125,000. Pay varies depending on experience, your location, and whether you work in private practice or public sector.
  5. Educational Psychologist- Help children, teens, and young adults in educational settings. They help students to get overcome emotional issues and obstacles. They assist teachers so that they're more aware of factors that affect how children learn. They work in a variety of settings, including colleges and universities. Educational psychologists make between $40,000 for entry-level up to $90,000.
  6. Forensic Psychologists - Forensic psychologists assist law enforcement with crime scene investigations. They analyze evidence and often testify in court about their findings. Family court settings are an area that many of them work in on a daily basis. They may help children who are victims of abuse, and often conduct home visitations when there is an indication of possible child abuse.
  7. Cognitive and Perceptual Psychologists - These psychologists study thinking, memory, and perception. They study how the mind works and how it represents reality. They also study how people understand language and communicate, as well as decision making, judgment, and reasoning. They often work with behavioral neuroscientists.
  8. Counseling Psychologists - Work with people of every age, as well as businesses, hospitals, and schools. They help people with work and career issues, and observe how people and problems may differ at various stages. They understand the influences of religion, sexual orientation, race, gender, or disabilities.
  9. Developmental Psychologists - Study lifelong psychological development of humans. Since life expectancy rates have increased, many now work with geriatric patients rather than children and adolescents, on ways to help people stay independent.
  10. Engineering Psychologists - Also called human factor specialists, perform research on how people can best work with machines. This may include assembly lines and various workloads. Some work in various industries, but some work for the Department of Defense.
  11. Evolutionary Psychologists - They study behaviors based on genetics and how they can influence feelings, thoughts, and behavior. They focus mainly on problems and issues with evolution. This can help behavior patterns, communication, and curb aggression.
  12. Experimental Psychologists - Study psychological phenomena, including comparative psychology, psychophysics, and cognitive processes. They study humans and animals to determine what happens in certain environments and to maintain data on what happens under various circumstances.
  13. Social Psychologists - Examine how people interact in society. They also study current social trends which affect people daily. They work specifically with groups to determine how leadership skills are attained, how people in group settings think, and how they see the world as a whole. Social psychologists work in a wide array of fields. This may include management, discovering how marketing concepts affect consumers, or discovering whether new products are user-friendly.
  14. Research/Experimental Psychologists - They spend time researching in various settings so they can learn about the behavior patterns of people and animals. They may study how the attention span works, study neurological problems, or learn about the effects of certain drugs.
  15. Sports Psychologists - Sports psychologists help athletes after they've had injuries so that they can adjust to their circumstances. They motivate players after injuries to encourage them with therapy and learning how to function again. They also help motivate teams when they need confidence and need their morale boosted. Positive thinking is an important aspect in sports psychology.
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