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Psychiatrists Career Overview

Diagnose, treat, and help prevent disorders of the mind.

Salary for Psychiatrists

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 25th
Percentile
75th
Percentile
Mean
U.S. $105,370
($50.66)
$145,600+
($70.00+)
$154,050
($74.06)
Annual figures are on top. Hourly figures are below in parentheses.
N/A = Information not available


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Career Outlook for Psychiatrists

Employment is expected to grow much faster than the average for all occupations. Job opportunities should be very good, particularly in rural and low-income areas.

Employment change. Employment of physicians and surgeons is projected to grow 22 percent from 2008 to 2018, much faster than the average for all occupations. Job growth will occur because of continued expansion of healthcare-related industries. The growing and aging population will drive overall growth in the demand for physician services, as consumers continue to demand high levels of care using the latest technologies, diagnostic tests, and therapies. Many medical schools are increasing their enrollments based on perceived new demand for physicians.

Despite growing demand for physicians and surgeons, some factors will temper growth. For example, new technologies allow physicians to be more productive. This means physicians can diagnose and treat more patients in the same amount of time. The rising cost of healthcare can dramatically affect demand for physicians' services. Physician assistants and nurse practitioners, who can perform many of the routine duties of physicians at a fraction of the cost, may be increasingly used. Furthermore, demand for physicians' services is highly sensitive to changes in healthcare reimbursement policies. If changes to health coverage result in higher out-of-pocket costs for consumers, they may demand fewer physician services.

Job prospects. Opportunities for individuals interested in becoming physicians and surgeons are expected to be very good. In addition to job openings from employment growth, openings will result from the need to replace the relatively high number of physicians and surgeons expected to retire over the 2008-18 decade.

Job prospects should be particularly good for physicians willing to practice in rural and low-income areas because these medically underserved areas typically have difficulty attracting these workers. Job prospects will also be especially good for physicians in specialties that afflict the rapidly growing elderly population. Examples of such specialties are cardiology and radiology because the risks for heart disease and cancer increase as people age.


Employment Overview

Physicians and surgeons held about 661,400 jobs in 2008; approximately 12 percent were self-employed. About 53 percent of wage–and-salary physicians and surgeons worked in offices of physicians, and 19 percent were employed by hospitals. Others practiced in Federal, State, and local governments, educational services, and outpatient care centers.

According to 2007 data from the American Medical Association (AMA), 32 percent of physicians in patient care were in primary care, but not in a subspecialty of primary care. (See table 1.)

Table 1. Percent distribution of active physicians in patient care by specialty, 2007

Specialty

Percent

Internal medicine

20.1

Family medicine/general practice

12.4

Pediatrics

9.6

Obstetrics and gynecology

5.6

Anesthesiology

5.5

Psychiatry

5.2

General Surgery

5.0

Emergency Medicine

4.1

SOURCE: American Medical Association, 2009 Physician Characteristic and Distribution in the US.

A growing number of physicians are partners or wage-and-salary employees of group practices. Organized as clinics or as associations of physicians, medical groups can more easily afford expensive medical equipment, share support staff, and benefit from other business advantages.

According to the AMA, the New England and Middle Atlantic States have the highest ratios of physicians to population; the South Central and Mountain States have the lowest. Physicians tend to locate in urban areas, close to hospitals and education centers. AMA data showed that in 2007, about 75 percent of physicians in patient care were located in metropolitan areas while the remaining 25 percent were located in rural areas.


Job Zone Description

Job Zone 5 - Extensive preparation

Overall Experience
Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of medical school and up to an additional five to seven years of specialized medical training to do their job.

Education
At a minimum, a bachelor's degree is required for these occupations. However, many also require a graduate school degree such as a Master's, Ph.D., M.D., or J.D. (law degree).

Job Training
Employees may need some on-the-job training, but most of these occupations require that you already have the necessary skills, knowledge, work-related experience, and/or training.

Examples
Lawyers, instrumental musicians, physicists, counseling psychologists, and surgeons.

These occupations often involve coordinating, training, supervising or managing the activities of others. Very advanced communication and organization skills are required.

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Related Occupations

1.

Nursing Instructors and Teachers, Postsecondary

2.

Occupational Therapists

3.

Physical Therapists

4.

Physician Assistants

5.

Psychiatric Aides

6.

Psychiatric Technicians

7.

Recreational Therapists

8.

Registered Nurses


Additional Resources for Psychiatrists Job Seekers

For a list of medical schools and residency programs, as well as general information on premedical education, financial aid, and medicine as a career contact:

  • Association of American Medical Colleges, Section for Student Services, 2450 N St. NW., Washington, DC 20037. Internet: http://www.aamc.org/students

For information on licensing, contact:

  • Federation of State Medical Boards, P.O. Box 619850 Dallas, TX 75261-9850. Internet: http://www.fsmb.org

For general information on physicians, contact:

For information about various medical specialties, contact:

  • American Academy of Family Physicians, Resident Student Activities Department, P.O. Box 11210, Shawnee Mission, KS 66207-1210. Internet: http://fmignet.aafp.org
  • American Board of Medical Specialties, 222 N. LaSalle St., Suite 1500, Chicago, IL 60601. Internet: http://www.abms.org
  • American College of Obstetricians and Gynecologists, P.O. Box 96920, Washington, DC 20090. Internet: http://www.acog.org
  • American College of Surgeons, Division of Education, 633 North Saint Clair St., Chicago, IL 60611. Internet: http://www.facs.org
  • American Psychiatric Association, 1000 Wilson Blvd., Suite 1825, Arlington, VA 22209. Internet: http://www.psych.org
  • American Society of Anesthesiologists, 520 N. Northwest Hwy., Park Ridge, IL 60068. Internet: http://www.asahq.org/career/homepage.htm

Information on Federal scholarships and loans is available from the directors of student financial aid at schools of medicine. Information on licensing is available from State boards of examiners.

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