Best Organizational Psychology Careers + Salary Outlook | HealthGrad (2023)

FAQs

Is Industrial organizational psychology competitive? ›

With average job growth in this field, the competition for jobs is about average. Job seekers can gain an advantage with advanced education and certification. A graduate certificate in I/O psychology is somewhat like a one-year master's degree.

Yes, a PhD in Industrial Organizational Psychology is worth it for many students. According to the Bureau of Labor Statistics, life, physical, and social science jobs are set to grow at 5% over the next 10 years, faster than the average for all occupations.

Is a Masters in Industrial Organizational Psychology Worth It? Yes, a masters in industrial organizational psychology degree is worth it for many students. Jobs in the management field are projected to grow at a rate of 5% in the next 10 years (Bureau of Labor Statistics).

Psychiatrist positions are by far the highest-paying jobs for psychology majors. The average salary is $217,798, according to PayScale. A psychiatrist should be licensed as a board-certified psychologist.

According to the recently released US Bureau of Labor Statistics (BLS)' ranking of the 20 fastest-growing occupations, organisational psychologists will lead the way with an expected growth rate of 53 percent between now and 2022.

The Bureau of Labor Statistics projects 2.2 percent employment growth for industrial psychologists between 2020 and 2030.

As of May 2017, I-O psychologists nationwide earned an average annual wage of $102,530 with wages ranging from $50,730 to $184,520 according to the U.S. Bureau of Labor Statistics (BLS). The job outlook for organizational psychologists is robust.

On average, industrial organizational psychologists rate the meaningfulness of their work a 3.7/5.

The field of I-O psychology can be divided into three broad areas (Figure 13.2 and Figure 13.3): industrial, organizational, and human factors. Industrial psychology is concerned with describing job requirements and assessing individuals for their ability to meet those requirements.

Where are the top 3 areas psychologists work? ›

Typical work settings include hospitals, schools, universities, prisons, mental health clinics, and private practices. There are also a number of different sub-specialty areas within clinical psychology, including health psychology, neuropsychology, and geropsychology.

American Psychological Association (APA), professional organization of psychologists in the United States founded in 1892. It is the largest organization of psychologists in the United States as well as in the world.

The Department of Homeland Security has also designated I-O psychology as a STEM degree program.

Industrial organizational psychologists normally have a regular working schedule of 40 – 50 hours per week. The typical workday extends from 9 am to 5 pm. However, this can change on occasion when some employers are facing some problems that requires further hours of consultation.

In most states, a doctorate degree is required in order to be allowed to call yourself a psychologist. Starting salary for doctorate educated I/O psychologists is $81,000, with those in the private sector earning as much as $100,000 per year.

Certain subjects of study that are common in industrial-organizational psychology degree programs have a basis in mathematics or quantitative studies, including coursework in psychology research methods, methods of statistical data analysis and psychometrics, the study of the statistics behind psychological assessments ...

In general no, but you can. A few ways to riches: Develop a universally used clinical or academic assessment. Develop a personality assessment like the Myers -Briggs which has a huge cult following, even though their are numerous critical concerns about the science/research it's based on.

How do psychologists become wealthy? ›

Training or experience in business, finance or a related field: This might include earning a bachelor's degree in finance or a related field or working in the finance industry. Suitable work experience could include working in a bank, as an investment adviser or as a financial planner.

Clinical Psychology is the single largest employment area in Psychology, but there is still plenty of opportunity for prospective students and professionals. The high-paying jobs in this industry require doctorate study in clinical psychology, which are highly competitive, and most programs require a 1 year internship.

But it turns out that it's more than possible to generate six figures as a private practice therapist. In this article, I'm going to take it a step further and share how I generate six figures a year while working part-time as a private practice therapist. … it can be done!

Employment of relationship therapists, clinical social workers, mental health counselors and psychiatric mental health nurse practitioners is projected to grow 23% from 2020 to 2030, much faster than the average for all occupations overall, according to the U.S. Bureau of Labor Statistics.

Historically, organizational psychology has been a rapidly growing field.

Industrial and organizational (I/O) psychologist Charlene Zhang, PhD, is among the millions of employees who now work from home because of the COVID-19 pandemic, which displaced most office workers to their kitchens and living rooms back in March 2020.

Clinical Psychology is a demanding field and has the most number of jobs on offer as well. It is one of the most sought careers in psychology in India.

Best-Paying States for Industrial Psychologists

The states and districts that pay Industrial Psychologists the highest mean salary are California ($119,100), New Jersey ($106,570), Ohio ($98,770), Pennsylvania ($95,000), and Texas ($64,820).

Depends on what you like more. Industrial psychology deals with employee motivation, hiring, retention, company reward system and so on. Clinical Psychology is more Pathology based and you will work in the health and mental health sector dealing with depression, and anxiety, stress, relationship issues etc.

Is IO psychology a good major? ›

Earning a Master's Degree in Industrial-Organizational (I-O) Psychology Increases Your Professional Value as You Help Businesses Become More Productive and Profitable. Industrial-organizational psychologists work in a variety of corporate settings.

Some of the major problems faced by industrial psychology are as follows: 1. The Consultant and the Staff Psychologist 2. Communication 3. Resistance to Change.

Industrial and organizational (I/O) psychologists focus on the behavior of employees in the workplace. They apply psychological principles and research methods to improve the overall work environment, including performance, communication, professional satisfaction and safety.

One of the disadvantages of being an Industrial and Organizational Psychologist is that your job can lead to some pretty tedious work. This, coupled with meeting resistance from those who feel that change in the workplace is unnecessary, can become overwhelming and frustrating.

According to Landers, the main distinctions are as follows. Industrial psychology tends to focus on hiring, training and development, assessing employee performance, and legal issues associated with those issues. Organizational psychology tends to focus on motivation, teamwork, and leadership.

The average industrial psychologist salary in South Africa is R 455 334 per year or R 234 per hour. Entry-level positions start at R 281 250 per year, while most experienced workers make up to R 5 464 008 per year.

Today, most master's degrees in psychology are awarded in clinical, counseling and I/O psychology. Two of these three fields — counseling and I/O psychology — enjoy established occupational niches.

Who is a famous industrial/organizational psychologist? ›

1. Stanley Silverman. Dr. Silverman is a top industrial organizational psychologist.

Companies, government and other employers engage organisational psychologists to help them assess potential employees and their fitness for their role. We might use a variety of techniques that include psychological testing and behavioural interviewing.

1. Albert Bandura. The most cited counseling psychologist alive is Albert Bandura, a David Starr Jordan Professor Emeritus of Social Science in Psychology at Stanford University.

Psychiatrists prescribe medications for patients with mental illnesses. Psychiatrist positions are by far the highest-paying jobs for psychology majors. The average salary is $217,798, according to PayScale. A psychiatrist should be licensed as a board-certified psychologist.

I/O psychologists apply their scientific research in all types of organizational and workplace settings, such as manufacturing, commercial enterprises, labor unions and health care facilities.

School Psychologist

As previously mentioned, demand for school psychologists is expected to increase at a faster than average rate due to an increased focus on mental health within the education system.

Psychiatry is one of the highest-paying fields tied to psychology. However, salaries can vary considerably within this field depending upon your specialty area, where you are employed, and the type of work you perform.

And these are just some of the questions that industrial psychology addresses. Poteet describes the profession as "a natural marriage between psychology and business." The Bureau of Labor Statistics projects 2.2 percent employment growth for industrial psychologists between 2020 and 2030.

What would be the downsides of pursuing a career in I-O psychology? ›

Large corporations are likely to employ their own industrial organizational psychology experts in order to enhance the workplace environment. Additionally, IO psychologists are employed in this setting to increase employee satisfaction and make the processes and procedures in the company more efficient.