* Specialty: Psychiatrists specializing in high-demand areas like addiction or child psychiatry often earn more.
* Experience: Salaries generally increase with years of experience.
* Location: Cost of living plays a significant role. Salaries in major metropolitan areas or high-cost states tend to be higher.
* Employment setting: Psychiatrists working in private practice typically earn more than those employed by hospitals or clinics. Academic positions have their own salary structures.
While precise figures are difficult to give without more specific details, salary surveys suggest that in the United States, a psychiatrist's salary can range from roughly $200,000 to $300,000 or more per year. Those in the lower end of this range might be early in their career or working in a lower-paying setting, while those at the higher end have extensive experience and/or are in high-demand specialties and locations. Salaries outside the US will vary considerably.
It's important to note that this refers to *psychiatrists*. Psychologists (who hold doctoral degrees in psychology but are not medical doctors) typically earn significantly less, though their salaries also vary depending on factors like experience, location, and setting.