Wondering about the Salary Range of Pediatric Psychiatrists

Hey everyone, I'm considering specializing in pediatric psychiatry and I'm curious about the potential income. I know it's not the only factor to consider when choosing a career, but I'd like to know what to expect. Can anyone provide some insight into how much pediatric psychiatrists make?

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Hi PedsPro, according to the Medscape Psychiatrist Compensation Report 2021, the average annual income for pediatric psychiatrists in the US is around $258,000. However, this can vary based on factors like location, years of experience, and setting (private practice vs. hospital).

It's important to note that pediatric psychiatry can be a rewarding field beyond just the financial aspect. You'll have the opportunity to make a significant impact on children's mental health and well-being. Plus, the demand for pediatric mental health services is increasing, which could lead to more job opportunities and potential for growth.

One thing to keep in mind is that medical school and residency can be expensive. So, even with a higher salary, it may take some time to pay off any student loans. However, there are loan forgiveness programs available for physicians, including those who work in public service or underserved areas.