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Masters in Psychology Salaries

Masters in Psychology Salaries

We have assembled a handful of career positions that have relatively large populations in this country and that align with a Masters in Psychology degree, in one or another area of specialization. There are a number of positions in industry that are described as consulting or analyst positions which match up well with psychological training but may not mention the degree as an application requirement. Most graduates from a Master in Psychology program have a feel for where these sorts of consulting opportunities lie. The field of organizational development has grown overnight into a mainstream business function that is of increasing importance to firms who are redesigning their operational infrastructure and training personnel for new roles and new functional environments. There are also unusual placements that fit well with a psychology degree such as market research and advertising. It's not easy to put an average salary to some of these roles; what is almost always true is that a master's degree provides extended management opportunities.

  1. Change Management: This field occasionally requires certification from some employers. These are often consulting jobs for one or two years but pay well in the right corporate environment. According to Payscale.com the salary range for a change management manager is $66,432 - $102,121. The median salary is $84,322.
  2. Organizational Development: There are several levels of seniority for this position because it has become such a vital part of corporate activity today. An Organizational Development Manager has a salary range of $64,722 - $97,927. The median salary is $80,720. For an Organizational Development Consultant the salary range is $61,042 - $91,128. The median salary is $76,100.
  3. School Psychologist: This job may be called "school counselor" in some jurisdictions, as practicing psychologists are still expected to hold a doctorate. However the Payscale.com salary range does not reflect PhD status. The pay range for this position is $43,636 - $62,235. The median salary is $51,500, about what a teacher makes on the average in the United States.
  4. Management Consultant: Psychology graduates who work in this field might work in the business process consulting area, for which the salary range is $56,263 - $92,870. The median salary is $74,400. Those who find a niche in customer relationship management (CRM) consulting have a salary range of $59,452 - $96,033. The median salary for this role is $78,032.
  5. Corporate Recruiter: This position is a natural for psychology graduates who are comfortable working with people all day. Learning a lot about a stranger in a short time during a phone conversation requires some psychological expertise. The recruiters employed by the larger executive search firms are well paid. The salary range provided here is for the in-house position that is a relatively junior role within a HR department. The salary range for corporate recruiting in the IT industry is $43,702 - $62,371, with a median salary of $51,300.
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