Daily BulletinDaily Bulletin

Business News

  • Written by News Company

Humanity has grown over the last century at an unprecedented pace and hence has given rise to a number of professions that earlier were probably not that popular. Today, being a psychologist is one such profession. It is there and people actually study for it to achieve high-paying salaries. People who face mental disorders often ask for their services. Thus, there is hardly a dull day for a psychologist. You can call it a profession that excites and brings a new challenge with every other case.

Why Psychology?

But, can the fluidity of a profession be just enough to choose it? The answer to the question above would be no, but then, as they say, it's all about demand and supply. With the currently growing amount of stress amongst people around the world, the demand is surely rising and the science, as a profession, has just started to find its footing and come across as a profession worth it. So here are some statistics about economic aspects of Psychology.

Average salaries as compared to various careers

  • Neuropsychologist: $90,450 per year

  • Engineering Psychologist: $79,810 per year

  • Organizational Psychologist: $97,000 per year

  • Clinical Psychologist: $72,540 per year

  • Counseling Psychologist: $ 72,680 per year

  • Psychiatrist: $167,600 per year

  • School Psychologist: $58,356 per year

  • Forensic Psychologist: $59,440 per year

  • Sports Psychologist: $55,000 per year


Salary of a South African Psychologist

Psychology is the highest and extremely well-paid career in today’s world. On an average Psychologist Hourly Rate South Africa amounts to $69 per hour as compared to $74 per hour in the USA. Developed and Developing nations hence don't show vast differences in salary for psychologists. Sports Psychologist can have a wide-ranging wage depending on the level at which they work. The Sports Psychologist who are working with professional teams and athletes earn well in six figures and sometimes even more than Psychiatrist. Organizational Psychologists require depth in understanding of the organization's working structure, culture, and environment. They are bestowed upon with sorting office issues and increasing workers’ productivity.

The different professional implications

Forming an essential part of market research and market strategies as well, counseling Psychologists differ from Clinical Psychologists in the aspect that they deal with less severe mental illness and issues and hence earn comparatively less. Forensic Psychologist involves with governmental bodies or with private labs to develop psychological profiles of criminals or deal with child custody issues, probe child abuse, prepare witnesses to testify in court, and also provide training to law enforcement. School Psychologists often require specialized training. They work to resolve behavioral issues and help children overcome social, academic and emotional problems.

Economic considerations play an important role in deciding a career for individuals. These, though, combine with the work environment, quality of life, professional freedom, working hours together to pan out the ultimate choice. Hence, a wise decision would always comprise of complete research about the profession. If you are looking for more information on psychology as a career, the following Huffington post and Forbes article might help you right.



Giant sea scorpions were the underwater titans of prehistoric Australia


Victoria's coronavirus contact tracers are already under the pump. What happens next?


SEO In A Time of COVID-19: A Life-Saver

The coronavirus pandemic has brought about a lot of uncertainty for everyone across the world. It has had one of the most devastating impacts on the day-to-day lives of many including business o...

a Guest Writer - avatar a Guest Writer

5 Ways Risk Management Software Can Help Your Business

No business is averse to risks. Nobody can predict the future or even plan what direction a business is going to take with 100% accuracy. For this reason, to avoid issues or minimise risks, some for...

News Company - avatar News Company

5 Ways To Deal With Unemployment and Get Back Into the Workforce

Being unemployed has a number of challenges and they’re not all financial. It can affect you psychologically and sometimes it can be difficult to dig your way out of a rut when you don’t have a job ...

News Company - avatar News Company

How To Create The Best Custom Wine Label

The Wine Industry consists of a number of brands that people like to choose for themselves or to gift wine bottles to their friends. But choosing the right brand becomes difficult due to the var...

News Company - avatar News Company

Why you need to hire a professional office cleaning company

People tend to be more productive in a clean office than in a dirty and cluttered office. Considering that most workers spend about 40 hours in their office every week, it makes sense to keep the ...

News Company - avatar News Company

Revolutionising your office: Why give your workspace a makeover?

Every business owner is looking for how they can take their company to the next level. Whether it is offering professional development to their staff, making an exciting new investment or findin...

News Company - avatar News Company

The Conversation


Prime Minister Interview with Ben Fordham, 2GB

FORDHAM: Thank you very much for talking to us. I know it's a difficult day for all of those Qantas workers. Look, they want to know in the short term, are you going to extend JobKeeper?   PRI...

Scott Morrison - avatar Scott Morrison

Prime Minister Scott Morrison interview with Neil Mitchell

NEIL MITCHELL: Prime minister, good morning.    PRIME MINISTER: Good morning, how are you?   MICHELL: I’m okay, a bit to get to I apologise, we haven't spoken for a while and I want to get t...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham

PRIME MINISTER: I've always found that this issue on funerals has been the hardest decision that was taken and the most heartbreaking and of all the letters and, you know, there's been over 100...

Scott Morrison - avatar Scott Morrison

News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion