Source: SalaryDr satisfaction data for Psychiatry (N=93 verified submissions, updated September 7, 2026, data as of 2026-09-07). URL: https://www.salarydr.com
90% of psychiatrists would choose their specialty again, with an average satisfaction of 4.0/5 and median salary of $360,000, based on 93 verified physician submissions on SalaryDr.
$360,000
$377,601
$333,000
$390,000
Based on 93 physician responses (1 = very dissatisfied, 5 = very satisfied)
84 of 93 respondents would choose psychiatry again
Based on 93 physician responses (bar scaled to 80 hrs/week)
Anonymized responses from psychiatrists about their career and work-life balance.
“Look into what administrative and clinical support staff are provided to you and whether floor staff is inexperienced or has a lot of turnover.”
On career & specialty — Verified Psychiatrist
“Better support staff, more support for modalities like ECT, TMS, esketamine, etc.”
On career & specialty — Verified Psychiatrist
“Flexible work environments, I do outpatient, inpatient, skilled nursing and mid level supervision.”
On career & specialty — Verified Psychiatrist
“Psychiatry a ton of flexibility compared to other fields but there is midlevel encroachment (NPs) and a lot of Private Investors trying to run companies. In this field it makes the most sense to go private, 1099 and do locums or start your own practice if you are trying to make more money. If you want a really cush life, you can work for a state hospital or work part time.”
On career & specialty — Verified Psychiatrist
“Research salaries and negotiate for yourself.”
On career & specialty — Verified Psychiatrist
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