Highest Paid Psychiatrist Specialties in the World | Top 10 Psychiatrist Careers With Salaries

Highest Paid richest Psychiatrist Specialties Salary
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Psychiatry is the branch of medicine focused on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders. A psychiatrist is a medical personnel that assesses all mental and physical symptoms. They make a diagnosis and work with you to develop a management plan for your treatment and recovery.

 Psychiatrists provide psychological treatment, prescribe medications, and help people suffering from mental unwellness. From another perspective, psychiatrists can be seen as medical professionals that treat people suffering from mental health problems, including depression, anxiety, addiction, and personality disorders.

The role of psychiatrists in the modern world is almost indispensable, as the number of the population especially the teenagers and younger adults that develop mental health issues keep rising due to different reasons.

Like many other medical professions, Psychiatry has different specialties which include: child and adolescent psychiatry, geriatric psychiatry, forensic (legal) psychiatry, administrative psychiatry, addiction psychiatry, emergency psychiatry, consultation/liaison psychiatry, mental retardation psychiatry, and many others.

Meanwhile, this article will contain the highest paid psychiatrist specialties in the World, top the careers and their salaries.

What are the salaries of the Highest Paid Psychiatrist Specialties ?

There are about 28,000 professional psychiatrists, in the United States alone. According to the U.S. Bureau of Labor Statistics, the average income of a Psychiatrist was $200,220 as of May 2016.

The least-paid among the psychiatrists earn less than $61,330 annually, while the highest-paid among the psychiatrists earn more than $208,000 to over $300,000 annually.

Actually, this may be dependent on professional experience, education level, specialty, and location on the globe.

In general, psychiatrists earn a lot of money annually.

Why are psychiatrists among the highest-paid specialties?

There are quite a number of reasons why psychiatrists make a lot of money and some of the reasons that justify their pay are:

  1. Psychiatrists are in great demand in the United States.
  2. A high number of psychiatrists are hired by the military and prisons which eventually, leaves few for the rest of the society.
  3. Psychiatrists are paid salaries when they work in hospitals or paid on per-patient basis by health insurance companies. They are not paid hourly
  4. The malpractice insurance is rather high.
  5. Psychiatry education like most medial sciences is long and the work is dangerous depending on the setting.
  6. Psychiatrists most of the time have to deal with unpleasant patients with special skills they acquire from thorough trainings while at school.

Top 10 Countries that Pay the Highest Psychiatrist Salaries

We already know why Psychiatrists are among the Highest Paid Psychiatrist Specialties. Now, we will look at the countries with these Highest Paid Psychiatrist Specialties.

Some countries that pay Psychiatrists the most

  • Germany. Salary –  $360,000
  • Canada. Salary – $277,000
  • United States. Salary – $260,000
  • Switzerland. Salary – $227,000
  • Ireland. Salary – $194,000
  • Australia. Salary – $157,000
  • France. Salary – $140,000
  • United Kingdom. Salary – $132,700
  • Netherlands. Salary – $113,000
  • Norway. Salary -$77,300

Highest Paid Psychiatrist Specialties in the World

The Top 10 Highest Paid Psychiatrist and their Specialties include;

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#1 Elliot Aronson | Psychiatry, Social Psychology:

Eliot Aronson is best known for his works on cognitive dissonance. It is the feeling of discomfort that occurs when subjects experience inconsistent thoughts, beliefs, or attitudes as they struggle with behavioral decisions and changing attitudes.

Particularly, he examined the social dimensions of human motivation and the underlying reasons for prejudice and aggression.

He is the author of the widely used social psychology textbook The Social Animal.

He is the Highest Paid social Psychiatrist Specialties personnel.

Salary: under review
Networth: ($1 million – $7 million)

#2 Mihály Csikszentmihályi | Personality psychology:

Born in 1934 and received his doctorate degree from the University of Chicago in 1965, Mihály Csikszentmihályi is best known for his contributions in positive psychology.

In his work to describe the psychological concept of extreme mental focus and resulting positive feelings that are conducive to productivity, he coined the term “flow”.

Mihaly introduced this concept into popular psychology with his book Flow: The Psychology of Optimal Experience in 1990.

The major focus of his work is on intrinsic motivation; the drive to seek out new things and new challenges.

Salary: under review
Networth: ($1 million – $3 million)

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#3 Richard J. Davidson | Personality psychology, Biological psychology, Cognitive psychology:

Born in 1951 and earned his doctorate degree from Harvard University in 1976.

He is one of the Highest Paid personality Psychiatrist Specialties. Richard J. Davidson is best known for his work in mindfulness and meditation, conducting EEG and fMRI studies with Tibetan Monks.

He proposed that Buddhist meditation could train the brain to achieve more positive affective states.

In 2000, Richards Davidson got the award of the Distinguished Scientific Contribution and was named the noted one of the most influential people of 2006.

Salary: under review
Networth: (~$5 million)

#4 John R. Anderson | Psychiatry, Cognitive Psychology:

Born in Canada, in 1947, John Anderson got his bachelor’s degree from the University of British Columbia and his Ph.D. in psychology from Stanford University in 1972.

John Anderson is currently a professor of Psychology (with a joint appointment in Computer Science) at Carnegie Mellon University.

He is one of the Highest Paid cognitive Psychiatrist Specialties in salary.

Salary: $215,000
Networth: (~ $3 million)

#5 Dan Ariely | Behavioural psychology:

Born in New York City in 1967, Dan is one of the Highest Paid Behavioural Psychiatrist Specialties.

Dan Ariely returned to Israel with his family when he was three years old, and grew up in the town of Ramat HaSharon.

He got his bachelor’s degree in psychology from Tel Aviv University in 1971 and his Ph.D. in cognitive psychology in 1991 from the University of North Carolina at Chapel Hill.

Salary: $300,000
Networth: (~ $3 million)

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#6 Albert Bandura |Social psychology, Psychiatry:

Born in Alberta, Canada, in 1925. His father was an immigrant to Canada from Poland, while his mother hailed from Ukraine.

He got his bachelor’s degree in psychology from the University of British Columbia in 1949 and his master’s degree in theoretical psychology in 1951 from the University of Iowa.

Salary: $421,000
Networth: (~ $4 million)

#7 Lisa Feldman Barrett | Biological psychology:

Lisa is one of the Highest Paid biological Psychiatrist Specialties.

Born in Ontario, Canada, in 1963. Lisa Barrett received her bachelor’s degree in psychology from the University of Toronto, and her Ph.D. in clinical psychology at the University of Waterloo.

She is currently a professor of Psychology at Northeastern University, where she heads up the Interdisciplinary Affective Science Laboratory.

Salary: under review
Networth: (~ $5 million)

#8 Aaron T. Beck  | Psychiatry, personal psychology:

Born in Rhode Island, in 1921 into a family of Jewish immigrants to the United States from Russia.

He earned his bachelor’s degree in 1942 from Brown University and received his master’s degree in 1946 from Yale Medical School.

Aaron is an emeritus professor of psychiatry at the University of Pennsylvania’s Perelman School of Medicine.

He is also the President Emeritus of Beck Institute for Cognitive Behavior Therapy.

Salary: under review
Networth: ($1.5 ~ $5.5 million)

#9 Paul Bloom | Psychiatry, Psycholinguistics, Developmental psychology:

Born in Quebec, Canada, in 1963. He received his bachelor’s degree in psychology in 1985 from McGill University and his doctorate degree in cognitive psychology in 1990 from Michigan Institute Of Technology.

His doctoral dissertation on language acquisition was supervised by Susan Carey.

He is presently the Brooks and Suzanne Ragen Professor of Psychology and Cognitive Science at Yale University.

Salary: under review
Networth: ($1 ~ $5 million)

#10 Leda Cosmides | Psychiatry, Evoluntionary Psychology:

Born in Philadelphia, Pennsylvania, in 1957. Leda Cosmides earned her bachelor’s degree in 1979 from Radcliffe College and her doctorate degree in 1985 from Harvard University.

While at Harvard, she worked closely with popular evolutionary theorist Robert L. Trivers.

She is presently a distinguished professor in the Department of Psychological and Brain Sciences at the University of California, Santa Barbara.

Leda is one of the Highest-Paid of the Evolutionary Psychiatrist Specialties.

Salary: under review
Networth: ($5.2 million)

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Conclusion

Psychiatry is a medical profession that can earn you a lot of money. Its practitioners earn a lot of money because their role in society is vital and their work is around human beings with mental issues.

Research has also shown that the annual salary of a psychiatrist varies with locations across the globe. Countries like Germany, United States, Switzerland, and Canada pay the Highest-Paid Psychiatrist Specialties.

Also, if you consider a career in psychiatry, remember psychiatrists are in high demand and chances are that it will embrace you into the labour market with a great salary.

We hope you enjoyed reading this article on the Highest-Paid Psychiatrist Specialties?

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