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Do therapists make a lot of money?

Do therapists make a lot of money?

Typical therapist salaries range widely – from $30,000 to $100,000. For a therapist (who is not a psychiatrist or a psychologist), salaries depend in part on education and training, as well as clinical specialization. Individual therapists may make anywhere from $30,000 per year to over $100,000.

What is the average annual salary for a therapist?


Wages* Low (5th percentile) Average
Starting $29.20 $36.64
Overall $32.88 $48.97
Top $36.22 $54.07

What is the average starting salary of a therapist?

Starting salaries for psychologists

Individual private practice $39,661
Group practice $44,006
Outpatient clinic $48,031
Community mental health center $44,073

How much does a shrink make?

Psychiatrist Salary

State Annual Salary Monthly Pay
California $251,170 $20,931
Vermont $247,532 $20,628
Oklahoma $245,954 $20,496
Wyoming $243,775 $20,315

Is it worth becoming a therapist?

A career in therapy can be an incredibly rewarding job for someone who likes to interact with and help people. Time spent helping people to lead more productive, functional and happier lives can be deeply satisfying.

How much does a therapist make an hour?

According to ZipRecruiter, the average pay of an online therapist is 64,428. That equates to $31 an hour. By way of comparison, the national average hourly rate of a licensed mental health counselor is about $25 an hour, or 50,000 a year.

Do you work full time or part time as an occupational therapist?

Most occupational therapists work full time, but it’s possible to work part time. The hours can vary greatly. They may work nights or weekends, as needed, to accommodate patients’ schedules.

How many hours does a therapist work at Talkspace?

The expectations are unrealistic. The “Reply By” means a therapist is basically on-call for 8-10 hours per day to respond to clients who hit the button up to three times a day. When I averaged out how many hours I was working each day with what I was making, I realized my housekeeper makes more than I do.

How are physical therapists paid as a contractor?

As a contractor, you are not guaranteed to be paid a certain number of hours a week. You are only paid for the “jobs” that get done. As a therapist, “jobs” equate to the number of patients you actually see that week. So, if a patient cancels and you don’t have the chance to fill that time with a different patient, you don’t get paid for that time.

How much money does an occupational therapist make?

Another thing to take note of is that hospitals oftentimes pay their full-time OTs a salary (averaging the $30/hour for a 40-hour workweek). However, as many OTs can attest, salaried therapists are often working more than their scheduled 40 hours a week and may not be getting paid for the extra time.

Is it worth it to be a full time therapist?

For many therapists, having these benefits is extremely important and worth it to have a full-time position. Paying for your own private health insurance is getting increasingly more expensive, and taking vacations without getting PTO takes a lot of pre-planning and saving up.

What’s the average salary for a physical therapist?

According to Glassdoor, the average salary of a physical therapist in 2019 is $70,982.

Do you get paid for being a contract therapist?

As a contract therapist, you don’t get any paid time off, no 401 (k) assistance, and you are (generally) on your own for healthcare. You might be offered a monthly stipend to go towards your healthcare premium, if you contract with a generous company.