The salary difference between becoming a clinical psychologist and a therapist can vary based on several factors, including location, level of education, years of experience, and the specific field of therapy. Generally, clinical psychologists tend to earn higher salaries compared to therapists, but this can vary significantly depending on individual circumstances.
Clinical Psychologist Salary: Clinical psychologists typically hold a doctoral degree in psychology (PsyD or Ph.D.) and are licensed to practice independently. According to data from the U.S. Bureau of Labor Statistics (BLS) in 2020, the median annual wage for psychologists, including clinical psychologists, was $82,180. However, salaries for clinical psychologists can range from around $45,380 for the lowest 10% to over $137,590 for the highest 10%.
Therapist Salary: The term "therapist" is broad and can include various professionals such as licensed counselors, marriage and family therapists, social workers, and others providing counseling and therapy services. The salary for therapists can vary depending on the type of therapy they specialize in, their level of education, and the setting they work in.
For example, licensed professional counselors (LPCs) or licensed marriage and family therapists (LMFTs) typically hold a master's degree and have obtained the necessary licensure to practice. According to the BLS data in 2020, the median annual wage for these professionals was $49,610, with the lowest 10% earning around $31,270 and the highest 10% earning over $79,060.
It's essential to note that while clinical psychologists may generally earn higher salaries than some therapists, there is a wide range of career opportunities and specialties within both fields, which can impact earnings. Additionally, job satisfaction, passion for the work, and the ability to make a positive impact on others' lives should also be considered when choosing a career path.
Ultimately, both clinical psychologists and therapists play crucial roles in the mental health and well-being of individuals, and the right career choice depends on your interests, educational aspirations, and long-term career goals.