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Psychiatrist

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AVG. SALARY

$238,990

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EDUCATION

First professional degree

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JOB OUTLOOK

Stable

Money & Outlook

:

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Oklahoma Earnings

Average Annual Wage

$238,990

Entry Annual Wage

$114,400

Experienced Annual Wage

$239,200

Average Hourly Wage

$114.90

Entry Hourly Wage

$55.00

Experienced Hourly Wage

$115.00

Median Hourly Wage

$112.78

Oklahoma Regional Earnings

Oklahoma Metropolitan Areas Wages

Region Average Entry Level Experienced
Oklahoma City MSA $272,700 or $131.11/hr $179,400 or $86.25/hr $239,200 or $115.00/hr
Tulsa MSA $226,750 or $109.02/hr $168,080 or $80.81/hr $239,200 or $115.00/hr

Oklahoma's Employment and Outlook (State-wide)

Outlook Stable
Growth rate is estimated to be 5%
Job Openings 6 estimated annual job openings
Employment 164 were employed in this occupation

Oklahoma's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Tulsa MSA 80 12% 1 N/A 4
Oklahoma City MSA 50 20% 1 N/A 2

National Earnings

Average Annual Wage

$256,930

Average Hourly Wage

$123.53

Average Annual Range

$73,280 to $239,200

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +7%.
(The National average for all occupations is +3%)
Job Openings very small number
  Less than 1000 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment small occupation
  This was a small occupation in the United States, employing 28,600 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than average growth
  Population growth and an increasing number of older adults, who have a higher likelihood than young people of experiencing health problems and of needing complex care, are expected to drive overall employment growth for physician and surgeons. Growing demand for psychiatric care and improved access to mental health services will contribute to a need for psychiatrists. 
Industries Large concentrations of this occupation are found in these industries
  • Health care and social assistance (NAICS620000) (80.4%)
  • Ambulatory health care services (NAICS621000) (46.7%)
  • Offices of physicians (NAICS621100) (31%)
  • Hospitals (NAICS622000) (28.4%)
  • General Medical and Surgical Hospitals (NAICS622100) (16.1%)
  • Outpatient care centers (NAICS621400) (11.5%)
  • Psychiatric and Substance Abuse Hospitals (NAICS622200) (11.3%)
  • Outpatient mental health and substance abuse centers (NAICS621420) (8.7%)
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