A child psychiatrist treats and diagnosis behavioral, emotional, and psychological issues in children. In the US, child psychiatrists earn nearly $208,000 per year compared to more than C$201,000 ($237,466 USD) in Canada and AU$278,000 ($217,395 USD) in Australia. Child psychiatrists in New Zealand earn about NZ$234,000 ($162,531 USD) per year while those in the UK earn almost £107,000 ($125,672 USD) annually and in South Africa, annual earnings can top R1,217,000 ($89,229 USD). Of the countries reviewed in this guide, India experiences the lowest earnings at Rs1,218,000 ($18,715 USD) per year.
Average annual salaries for child psychiatrists vary with earnings affected by geographic region, professional experience, and work setting. This guide provides additional details to determine earning potential in this field.
How Much Does a Child Psychiatrist Make per Year?
Average annual salaries and hourly earnings for child psychiatrists are provided in the chart below.
|Child Psychiatrist Salary||US||Canada||UK||Australia||New Zealand||India||South Africa|
Factors that Influence the Child Psychiatrist Salary
Geographic region, professional experience, and work setting all influence salaries. The following paragraphs provide information on earning potential and working as an child psychiatrist.
1. Geographic Area
Child Psychiatrist Salary in US
In the US, child psychiatrists receive an average annual salary of almost $209,000. An additional $8,600 in bonus income is possible. The average starting salary for entry level employees is more than $139,000 while those in senior level positions see annual earnings in excess of $257,000.
Child Psychiatrist Salary in Canada
Entry level child psychiatrists in Canada earn, on average, more than C$135,000 per year, increasing with experience to nearly C$250,000 per year. On average, child psychiatrists at all experience levels earn more than C$201,000 per year plus an additional C$8,300 in bonus income potential.
Child psychiatrist Salary in UK
Child psychiatrists in the UK earn almost £107,000 per year, and an additional £4,000 can be earned through bonus income. Entry level child psychiatrists earn an average starting salary of more than £71,000 per year compared to senior level professionals who receive more than £132,000 annually.
Child psychiatrist Salary in Australia
Child psychiatrists in Australia earn more than AU$278,000 annually with nearly AU$12,000 possible in additional earnings through bonus incentives. Those beginning their careers can expect an average starting salary of nearly AU$187,000 per year compared to AU$345,000 for senior level professionals.
Child psychiatrist Salary in New Zealand
In New Zealand, the average starting salary for entry level child psychiatrists is nearly NZ$157,000, and earnings increase with experience to about NZ$290,000 for senior level professionals. On average, child psychiatrists earn about NZ$234,000 with bonus income potential reaching nearly NZ$10,000 in additional income.
Child psychiatrist Salary in India
Child psychiatrists in India receive annual earnings in excess of Rs1,218,000 plus an additional Rs51,000 in bonus income. On average, the typical starting salary for entry level professionals exceeds Rs829,000 per year compared to Rs1,532,000 annually for those in senior level professionals.
Child psychiatrist Salary in South Africa
In South Africa, child psychiatrists earn more than R1,217,000, on average, per year, and bonus income exceeds R50,000 in additional earnings. Entry level employees earn more than R823,000 per year compared to senior level professionals who see an annual salary of more than R1,520,000.
Experience results in increased responsibility and treatment expertise, leading to higher salaries for those with the most professional experience. Senior level professionals earn between 84% and 86% more than their counterparts in entry level positions who are beginning their careers. In the US, senior level professionals earn about $118,000 more per year, or 85%, compared to entry level child psychiatrists. Because bonus earnings are often tied to salary, as annual earnings increase, so may bonus income.
Child psychiatrists work in hospitals, clinics, private practice, and academic settings. Higher salaries and greater potential for bonus earnings are possible in for-profit organizations compared to nonprofit and public-sector employment. A Medscape Report reports that those who work are self-employed earn about 8% more than those who are employed by other organizations.
Most child psychiatrists work full-time hours; however, there are part-time employment opportunities. In fact, Medscape reports that about 17% of men and 27% of women working as child psychiatrists are employed part-time. Typical work hours are Monday through Friday during normal business hours with some evening and weekend times necessary. Additional on-call hours may be necessary, including coverage during weekends and holidays.
Bonuses and Benefit Packages
According to Medscape, most child psychiatrists receive health and dental insurance, as well as paid time off, retirement plans, and professional liability coverage. A smaller percentage receive insurance coverage for vision, life, and disability. About 26% have the possibility for bonus pay incentives, and these may be greater in the private sector and for-profit organizations.
The US Bureau of Labor Statistics estimates 14% growth in physicians, including child psychiatrists, between 2014 and 2024. This growth is expected due to improved access to healthcare and a greater awareness in mental health treatment. To practice as a child psychiatrist, a bachelor’s degree followed by a medical degree is required. Several years of residency and specialized training are necessary. Licensure or registration with the appropriate state or national governing organization is required.
Child psychiatrists earn strong salaries worldwide, often exceeding six-figure incomes at the entry level. A great deal of education and training are required, with the return on this educational and financial investment reaping high salaries and comprehensive benefits and bonus packages. While most child psychiatrists work full-time schedules, there are opportunities for part-time employment. Future job growth is expected to be greater than average, which should continue to support income levels and provide ample employment opportunities for newly trained professionals.