Industrial-Organizational Psychology Degree and Career Guide
Advancing Your Career
Industrial-Organizational Psychology Salary: What You Can Earn
Find out what you could earn as an industrial-organizational psychologist.
The salary range for psychologists can vary widely based on a variety of factors, including years of experience in the field, where you live, and the location and size of the company or organization you work for. The type of company (profit or non-profit, for example) may come into play as well.
Median Annual I/O Psychology Salary
Organizational psychology has a strong salary potential and an encouraging job market, despite the small size of the field. Here are salaries, job growth and state median pay.
What is my earning potential?
Salaries for industrial-organizational psychologists can be lucrative, with the BLS reporting that the top 10% earned more than $219,810. As with every career, experience plays an enormous factor in salary.
How does an organizational psychologist salary compare to other psychology careers?
Psychologists tend to make a good salary. Compare the median salaries below, broken out by specialty, according to the BLS.
What kinds of companies hire organizational psychologists?
Often, people in this career field will work as independent contractors and consultants. According to the BLS, industrial-organizational psychologists are most frequently employed by the following types of industries:
- Scientific research and development
- Colleges and universities
- State governments
Industrial-Organizational Psychology Salaries by Employer Type
Different industries also tend to pay their workers more or less. Compare the salaries of I/O psychologists in the top-paying industries.
| Employer Type | Median Wage |
|---|---|
| Scientific Research and Development | $122,660 |
| State Government | $91,950 |
| Colleges and Universities | $110,070 |
Is there demand for this career?
Demand for industrial-organizational psychologists should increase as more and more organizations and companies acknowledge and require their services to help hire and retain employees. I/O psychologists may also be relied upon to increase productivity in the workplace by identifying potential improvement areas.
What is the job growth for the field?
Employment of organizational psychologists is expected to grow 5.9% through 2032. This is right below the national average for all careers. However, note that national long-term projections of employment growth may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.
The competition can be tough for graduates of I/O psychology until the field widens and job opportunities arise. The BLS reports that since the occupation is still tiny, competition may be fierce for the most desirable jobs. There will also be heavy competition due to the large number of qualified graduates coming out of universities and colleges.
How can I move up in my organizational psychology career?
Graduates with a master’s degree can find entry directly into the field as an industrial-organizational psychologist, but the U.S. Bureau of Labor Statistics suggests that getting extensively trained in quantitative research methods or computer science may provide the competitive edge you need to actually land a position in the field. Earning a PhD or PsyD in I/O psychology can also better prepare you for academic and research roles. To learn more about the education required for industrial-organizational psychologists, research your options, select your program and talk to a school of your choice today.