Show As the world of business continues to shift in new directions, workplace norms and standards are also changing. New corporate structures and hierarchies are being tested, and a serious discussion on human behavior in the workplace is beginning. This has fueled the growth of industrial-organizational psychology, or the study of human workplace behavior. Because this is such a new field, questions arise about topics such as job growth and industrial-organizational psychology salary. What education is required? What skills are needed? Is the field lucrative? These are all important questions as you consider if the field is right for you. Industrial-Organizational Psychology JobsIndustrial-organizational psychology involves the use of psychological principles in navigating personnel, administration, management, sales and even marketing challenges. Many of these professionals are entering the human resources field and are involved in employee hiring, training, hierarchy management and even policy planning. Here are a few common job titles someone in this field may have:
Role of an Organizational Psychologist Field Salary InformationAlthough the Bureau of Labor Statistics does not have full salary information on the specific job titles we have mentioned, they do have information for the entire field. Professionals in industrial-organizational psychology have a median annual wage of $80,330. The top quarter of salaries reaches beyond $100,000. Furthermore, the BLS has listed this field as one with a bright future. By 2022 the field is predicted to grow by 22 percent, a pace much higher than the national average. Education LevelOne major factor that can affect your possible salary is how much education you have attained. The National Association of Colleges and Employers has reported that the average starting salary of someone with a master’s degree is approximately 20 percent higher than someone with a bachelor’s degree. This can significantly impact not only your current financial situation, but also your salary in the future. Investing in your education can pay big dividends. Bachelor’s Degree in Industrial-Organizational Psychology According to Payscale, a salary reporting website, the median salary of a professional with just a bachelor’s degree in the field is $58,429. The median starting salary for this degree is $42,740, and with experience salaries can reach upwards of $87,000. Master’s Degree in Industrial-Organizational Psychology For graduate degrees, the median salary of a master’s recipient is $76,405. The median starting salary is $58,000. With extended experience, professionals can see salaries above six figures, with field veterans of 20 years or more reporting salaries of $120,000. Experience MattersFor all fields, how much experience you have can influence your salary, and the industrial-organizational psychology field is no different, with higher salaries coming to those who have worked the longest. Bachelor’s degree holders have a median starting salary of $42,750. After five years that total increases to $58,429 annually, and employees in the field for over a decade have a median salary of $75,497. For those who have worked for over 20 years, Payscale reports a median annual salary of $87,060. With a master’s degree, the median starting salary is $58,000. After five years that salary will grow to around $69,722. After 10 years, Payscale reports an increase to $82,647, and after 20 years professionals are seeing a median salary of $122,555. LocationSome employees receive more for the same position in a different place. This can be because of a strong need for these professionals or partially because of an increase in the cost of living. It can be to the benefit of someone entering industrial-organizational psychology to find a location that is beneficial to them. Cities with I-O Psychology Salaries
Cities with I-O Psychology Salaries
The Next StepsCreate a brighter future with a rewarding career in industrial-organizational psychology with a degree from TUW. Begin your journey and learn more about our online industrial-organizational psychology program today. Do IO psychologists make a lot of money?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).
Where do IO psychologists make the most money?1. Illinois. Is IO psychologist a good career?You can earn an excellent salary
According to the US Bureau of Labor Statistics, the average annual salary for an industrial-organizational psychologist is $96,270. While starting salaries might begin around $60,000 per year, they can go as high as $190,000 per year, or perhaps even higher.
How do I start a career in industrial/organizational psychology?Aspiring IO psychologists begin their educational pathway by earning a bachelor's in psychology. Graduates often begin working entry-level positions to gain experience. Simultaneously, students go on to earn a master's degree in IO psychology. Applicants should find out if their desired programs require GRE scores.
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