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Psychiatrist Salary

How much do Psychiatrists make?

What is the average Psychiatry salary?

LocumTenens.com conducted its Annual Compensation and Employment Survey in August of 2019. Survey respondents represent Psychiatrists who practice on a locum tenens basis as well as those with permanent salaries. Compensation results consist of only full-time, permanent employees and consider only annual salary and bonuses.

Average Psychiatrist salary in 2018

$272,821

Historical salary data

How does this year's salary compare to other years?

The average Psychiatry salary continues to rise. It's up 14% from 2016.

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Survey Results

Demographic insights by gender

The majority of Psychiatrists respondents were male, with a 3% increase compared to last year.

LocumTenens.com Psychiatry Salary Survey - Male Salary

Male

57%
3% increase
LocumTenens.com Psychiatry Salary Survey - Female Salary

Female

43%
3% decrease

Where do Psychiatrists work?

These are three of the top work settings for Psychologists in 2018. More Psychiatrists are working in hospitals than any other type of facility, including facilities dedicated specifically to mental health.  

Anesthesiology Salary Survey - Hospital Employed

Hospital employed

25%
1% increase
Anesthesiology Salary Survey - Clinic or Community Center

Clinic or community center

23%
2% increase
Anesthesiology Salary Survey - Group practice

Mental health facility

20%
2% increase

How much vacation time does a Psychiatrist receive?

On average, full-time employed Psychiatrists received 24 paid vacation days in 2018. Some of these Psychiatrists didn't take all their earned time, leading it to expire at the end of the year. Curious about how much money those particular Psychiatrists let go to waste by not using them before the end of the year? We calculated the average earnings those physicians might have made by doing locum tenens in those unused days.

Anesthesiology Salary Survey - Vacation Days

Paid vacation days

24

How old are Psychiatrists?

Baby Boomers (Psychiatrists born between 1946 and 1964) make up almost half of all respondents. 

Job Outlook

The future: What’s in store for locum tenens

Next job change

Although 42% of Psychiatrists don't have any plans to make a job change, 33% report that they would like to make a job change within the next year.

Considering locum tenens

Almost 60% of respondents said they had not worked locum tenens last year but would consider it in the future. 

We've got salary reports from other years, too!

See the archive

RESPONDENT DEMOGRAPHICS

Psychiatrists who took this survey

By region

Years in practice

Employment status

Opinions about Healthcare Consolidation

Physician and Advanced Practitioners weigh in on Healthcare Mergers and Acquisitions

Mergers and acquisitions have been especially prevalent in the healthcare industry over the past few years. In this year's Compensation and Employment Survey, 41 percent of physicians and advanced practitioners disclosed they had been employed at an organization where there was a merger or acquisition. The motivation behind these types of healthcare consolidations typically involves a combination of the following: improving quality of care for patients and making additional resources and expertise available to staff, all while reducing costs.

More than 41 percent of clinicians acknowledged that consolidation brought their organization increased access to additional resources, technology and expertise. However, when asked if they felt valued by the larger organization post consolidation, a staggering 48 percent of providers indicated they disagreed, with 27 percent of these respondents strongly disagreeing.

Have you ever been employed at a facility where there was a merger or acquisition?

Yes icon - LocumTenens.com Annual Salary Survey 42% Yes
No icon - LocumTenens.com Annual Salary Survey 52% No
Unsure icon - LocumTenens.com Annual Salary Survey 6% Unsure

Due to the merger or acquisition, were any members of the medical staff laid off?

No icon - LocumTenens.com Annual Salary Survey 48% Yes
Yes icon - LocumTenens.com Annual Salary Survey 36% No
Unsure icon - LocumTenens.com Annual Salary Survey 16% Unsure

Due to the merger or acquisition, how were you affected by the layoff?

How long did it take to integrate and unify the facilities involved in the new partnership?

"It helps patients as we will now have specialties we didn't previously have, so patients don't have to travel so far" -NP Neurologist from Northeast

In my experience with healthcare consolidation, the cost of care for our patients has decreased.

Yes icon - LocumTenens.com Annual Salary Survey 14% Yes
No icon - LocumTenens.com Annual Salary Survey 43% No
Unsure icon - LocumTenens.com Annual Salary Survey 43% Unsure

In my experience with healthcare consolidation, the quality of care we provide has increased.

Yes icon - LocumTenens.com Annual Salary Survey 23% Yes
No icon - LocumTenens.com Annual Salary Survey 35% No
Unsure icon - LocumTenens.com Annual Salary Survey 42% Unsure

"It leads to fewer choices of physicians (out of network) and increased confusion about patient bills or appropriate contact people for information" - Hospitalist from Southwest

In my experience with healthcare consolidation, my hospital or practice has gained access to additional resources, technology and expertise.

Yes icon - LocumTenens.com Annual Salary Survey 42% Yes
No icon - LocumTenens.com Annual Salary Survey 19% No
Unsure icon - LocumTenens.com Annual Salary Survey 39% Unsure

Post consolidation, we've become more efficient as an organization.

Yes icon - LocumTenens.com Annual Salary Survey 20% Yes
No icon - LocumTenens.com Annual Salary Survey 36% No
Unsure icon - LocumTenens.com Annual Salary Survey 44% Unsure

In my consolidation experience, our leaders paid specific attention to and placed value on shared culture.

Yes icon - LocumTenens.com Annual Salary Survey 19% Yes
No icon - LocumTenens.com Annual Salary Survey 39% No
Unsure icon - LocumTenens.com Annual Salary Survey 42% Unsure

Post consolidation, I feel I am valued by the larger organization.

Yes icon - LocumTenens.com Annual Salary Survey 14% Yes
No icon - LocumTenens.com Annual Salary Survey 48% No
Unsure icon - LocumTenens.com Annual Salary Survey 38% Unsure

"There is a loss of culture and a lack of genuine care of employees" - Ophthalmologist from the southeast

Methodology

Invitations for the survey were emailed to a database of more than 150,000 healthcare professionals in August 2019. Some recipients had been placed by LocumTenens.com, and some had not. There was a total of 3,580 respondents, both physicians and advanced practitioners, who were self-selected and spanned all 50 states. Physician respondents included those from 15 medical/surgical specialties: radiology; psychiatry; family practice; critical care; neurology; obstetrics/gynecology; pediatrics; anesthesiology; general surgery; orthopedic surgery; urology; cardiology; hospitalist; internal medicine; and emergency medicine. Advanced practitioner respondents included those from eight medical specialties: emergency medicine physician assistants; primary care physician assistants; critical care nurse practitioners; psychiatric nurse practitioners; emergency medicine nurse practitioners; primary care nurse practitioners; hospitalist nurse practitioners; and CRNAs.

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