How Much is Psychiatrist Salary Texas? A salary is a temporary payment from an employer to an employee, which can be specified in the employment contract. Compared to a minimum wage, an employee is paid per hour, monthly, or yearly.
From a business perspective, income can also be viewed as the cost of acquiring and maintaining human resources to carry on the work and then the cost of labor or wages. In accounting, salaries are recorded in the payment accounts.
The average salary for a Texas Psychiatrist is $ 234,306 as of April 26, 2022, but the range usually falls between $ 209,962 and $ 262,089. Salary categories can vary greatly depending on the city and many other important factors, including education, certificates, additional skills, and years you have spent in your profession.
This information is exclusive to Mint Salary and is based on 60 tax refunds from TurboTax customers who reported this type of activity. The salaries of psychiatrists in Texas can vary between $ 39,000 to $ 343,000 and depend on various factors, including skills, knowledge, employer, bonuses, and more.
Who is a Psychiatrist?
A psychiatrist diagnosis evaluates and treats patients with mental illness with personal counseling (psychotherapy), psychiatric evaluation, hospitalization, and medication. He performs initial psychiatric assessments, develops individualized care plans, and uses patient therapy.
The psychiatrist monitors and records the client’s progress and modifies the treatment plan according to the patient’s response. Additionally, a Psychiatrist requires an MD degree and you should have completed the psychiatric examination. It usually reports to the medical director and it requires a board certification by the American Board of Psychiatry and Neurology (ABPN).
Psychiatrists have some common benefits that they enjoy as a result of the kind of profession they indulge in. These benefits cover most of the things they would have used their salaries to handle. Some of these benefits include;
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Loan assistance
- Loan forgiveness
- Loan repayment plan
- Improper insurance
- Paid downtime
Psychiatrists’ salary differs by level and grade. They are classified into the following;
- Top-level Psychiatrist
- Senior-level psychiatrist
- Mid-level psychiatrist
- Junior level psychiatrist
- Starting level psychiatrist
As listed above, they are all different grades and levels, and as such, they earn differently. Stated below is the salary paid to each level or grade of a psychiatrist,
The Top-level salary of a psychiatrist starts with:
$19.26 per hour and $40,050 per year
Senior-level salary of a psychiatrist starts with
$17.68 per hour and $36,770 per year
The salary of a Mid-level psychiatrist starts with:
$15.29 per hour and $31,800 per year
The salary of the Junior level psychiatrist starts with:
$13.28 per hour and $27,620 per year
The salary of a starting level psychiatrist:
$11.98 per hour and $24,910 per year
As stated above, you can see that the salaries vary based on the rank or level of the psychiatrist. They all handle different stages of psychiatric problems causing a difference in salary earnings.