Graduate School Debt and Starting Salaries in Psychology Data
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1 Graduate School Debt and Starting Salaries in Psychology Data William E. Pate II, Assistant Director Ariel A. Finno, Research Officer APA Center for Workforce Studies (CWS) CWS collects, analyzes, and disseminates information relevant to psychology's workforce and education system. APA 117 th Annual Convention Toronto, Canada Copyright 2009 APA Center for Workforce Studies. Washington, DC.
2 Overview Graduate School Debt Financial Support Salaries Beyond
3
4 Debt Related to Graduate Education Reported by Recent Doctorates in Psychology: 2007 <10K - 9.8% 10-20K % 20-40K % No Debt 31.5% Debt 68.2% 40-60K % 60-80K % K % >100K % Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June Note. Includes PsyDs.
5 Debt Related to Graduate Education by Subfield for Recent Doctorates in Psychology: 2007 Health Service Provider Subfields Research/Other Subfields Debt 77% No Debt 22.6% Debt 49.6% No Debt 50.4% Median $70,000 Mean $78,360 SD $53,569 Median $35,000 Mean $46,743 SD $40,009 Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June Note. Includes PsyDs.
6 Level of Debt by Broad Subfield for Recent Doctorates in Psychology: Percent <10K 10-20K 20-40K 40-60K 60-80K K K Amount of Debt HSP (N=559) Non HSP (N=175) >120K Source: 2007 Doctorate Employment Survey. Compiled by APA Center for Workforce Studies, June Note: HSP =Health Service Provider subfields (Clinical, Counseling, Child Clinical, School, and Family)
7 Level of Debt by Type of Degree for Recent Doctorates: Percent <10K 10-20K 20-40K 40-60K 60-80K K K Amount of Debt PhD (N=512) PsyD (N=230) >120K Source: 2007 Doctorate Employment Survey. Compiled by APA Center for Workforce Studies, June 2009.
8 Average Level of Education-Related Debt by Year, for Doctorate Recipients Who Reported Any Debt Year of doctorate 2007 Median Mean SD 60,000 70,468 52,328 N ,000 71,901 54,814 1, ,000 60,814 46,336 1, ,500 53,111 40,881 1, ,000 46,348 36,250 1, ,000 35,312 28,989 1, ,000 27,950 25, Source: Doctorate Employment Survey (selected years). Compiled by APA Center for Workforce Studies, June 2009.
9 Financial Support
10 Primary Sources of Financial Support by Broad Subfield for Recent Doctorates in Psychology: 2007 Health Service Provider Fields Research/Other Fields Not Specified 1.6% Grants 2.6% Other 6.1% Own Earnings/Family Support 24.4% Not Specified 0.8% Other 7.0% Own Earnings/Family Support 10.0% Grants 8.7% Loans 37.2% Univ. RA/TA 28.1% Loans 13.0% Univ. RA/TA 60.5% Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June Note. Includes PsyDs.
11 Primary Sources of Financial Support for ECP s by Type of Degree: 2007 PhD PsyD Not Specified 3% Grants 14% Other 3% Own Earnings/Family Support 20% Not Specified 4% Other 2% Own Earnings/Family Support 33% Grants 21% Univ. RA/TA 3% Loans 17% Univ. RA/TA 44% Loans 38% Source: APA 2007 Early Career Psychologist Survey. Compiled by APA Center for Workforce Studies, April 2009.
12 Salaries in Psychology
13 Employment Status of Recent PhDs in Psychology: 2007 Employed Fulltime 67.5% Unemployed, Not Seeking 1.4% Employed Parttime 7.1% Postdoctorate 22.8% Unemployed, Seeking 1.2% Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June 2009.
14 Employment Status of Recent PsyDs in Psychology: 2007 Employed Fulltime 69.6% Employed Parttime 13.2% Unemployed, Not Seeking 1.7% Postdoctorate 12.5% Unemployed, Seeking 3.0% Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June 2009.
15 Postdoctorate Monthly Stipend Amounts for ECP s: 2007 Percent $0- $1000 $1001- $2000 $2001- $3000 $3001- $4000 $4001- $5000 Monthly Amount (U.S. Dollars) $5001- $6000 Source: APA 2007 Early Career Psychologist Survey. Compiled by APA Center for Workforce Studies, April 2009.
16 Median Annual Full-time Salaries by Employment Position for Master s-level APA Members in Psychology: 2009 All settings (N=308) Admin of human svcs (N=113) Admin of research (N=9) Applied psych (N=84) Direct human svcs (N=113) Educational admin (N=8) Faculty position* (N=26) Other admin position (N=18) Other type of position (N=18) Research (N=11) $0 $20 $40 $60 $80 $100 Salaries in Thousands Source: 2009 APA Salary Survey, Preliminary Data. Compiled by the APA Center for Workforce Studies, July *Faculty position is for all higher education, including undergraduate and community college. Salary is reported for a 9-10-month academic year. To calculate month equivalent, multiply by 11/9.
17 Median Annual Full-time Salaries in Psychology By Type of Degree and Median Years Work Experience: 2009 Thousands $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 $0 $73 PsyD (8 yrs.) $80 Clinical PhD (8 yrs.) Source: 2009 APA Salary Survey, Preliminary Data. Compiled by the APA Center for Workforce Studies, July Note: PsyD N=1134, Clinical PhD N=84.
18 Starting Salaries for Full-time Employment Positions of Recent Doctorates in Psychology: 2007 Asst professor* (N=142) Lecturer/Instructor* (N=13) Adjunct/Visiting faculty* (N=12) Research positions (N=50) Direct human svcs (N=265) Educational Administration (N=10) Admin of human svcs (N=20) Applied (N=64) $0 $20 $40 $60 $80 $100 Salaries in Thousands Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, June Note. Graph includes first quartile, median, and third quartile values. Includes PsyDs. * Faculty salaries are for all higher education, including undergraduate and community college. Salaries are reported for a 9-10-month academic year. To calculate month equivalent, multiply by 11/9.
19 Starting Salaries in Psychology by Gender and Position: 2007 $80 $70 $60 Thousands $50 $40 $30 $20 Women Men $10 $0 Assist.Prof Applied Psych Research Direct Human Services Employment Position Source: 2007 Doctorate Employment Survey. Compiled by the APA Center for Workforce Studies, July 2009.
20 Full-time Salaries of Doctoral-Level Psychologists by Employment Position and Median Years Work Experience: 2009 Full professor* (28 yrs.) Associate professor* (13 yrs.) Assistant professor* (6 yrs.) Lecturer/Instructor* (11 yrs.) Admin of human svcs (20 yrs.) Applied psych./i-o (15 yrs.) Direct human services (17 yrs.) Education admin (25 yrs.) Other admin (22 yrs.) Other position (18 yrs.) Research admin (19 yrs.) Research position (9 yrs.) $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 Thousands of Dollars Source: 2009 APA Salary Survey, Preliminary Data. Compiled by the APA Center for Workforce Studies, July Note. Graph includes first quartile, median, and third quartile values. Includes PsyDs. Faculty salaries are reported for a 9-10-month academic year. To calculate month equivalent, multiply by 11/9.
21 Full-time Salaries of Doctoral-level Psychologists by Employment Setting: 2009 University Psych Dep. (N=1271) Medical School, Psychiatry (N=366) Business School or Dept. (N=97) Individual Private Practice (N=1076) Group Psych Practice (N=439) Comm. Mental Hlth. Cntr. (N=191) VA Med. Center (N=170) Private general hospital (N=160) Federal Gov. Agency (N=220) Criminal Justice System (N=168) Non-Profit Org. (N=179) $0 $25 $50 $75 $100 $125 $150 $175 Thousands of Dollars Source: 2009 APA Salary Survey, Preliminary Data. Compiled by the APA-Center for Workforce Studies, July Notes. Graph includes first quartile, median, and third quartile values. Includes PsyDs.
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23 Practical Questions Every Psychology Student Can Ask Themselves Do I need to start paying back my student loans after 6 months? Am I comfortable with working in more than one employment position? How can I broaden my client scope to increase my salary? Do I accept managed care companies first offer? When do I start looking for my own government funding for grants? 23
24 Questions? Handouts? Interested in More Data? CWS Contact Information Booth Location: APA Member Resource Area (on the way to the CyberCafe) address- CWS homepage -
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