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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My friend is a psychologist and she makes 150/hour cash and she schedules her appointments whenever she wants, totally flexible around her kids’ schedule. Totally jealous -MD[/quote]

In this area, a PhD psychologist can charge $200+ per hour and doesn't have to take insurance (very few do). A LCSW (with a MSW degree) can charge $160-$200 and also doesn't have to deal with insurance hassles.

The psychiatrist my DD sees charges $300 an hour. Many charge more, but still, given the difference in cost and commitment to getting the various degrees, I'd say the LCSW and PhD win out, especially because unlike med school, both of those degrees can be done part time and/or online, allowing the candidate to work and get experience while getting their degree.

[/quote]

If you google the median pay for a psychologist, it’s very low. Not what we want for DD. [/quote]

Are you sure that you are seeing the pay for PhD clinical psychologists (assuming that is what your daughter wants to do)? In an area with a COL comparable to where you live? There are a range of jobs that might call themselves "psychologists," including school psychologists, researchers, etc that are not all going to earn the same as a clinical psychologist in DC.

I am a research psychologist with a PhD, not a clinician, and I am very happy with where I ended up. I earn a lot more than the median income for "psychologist" from the Bureau of Labor Statistics. I also earn more than my husband who is an engineer. [/quote]

PP here. I googled “clinical psychologist median salary” and this is what popped up:

$124k average salary in California (!!!)

Source: https://www.salary.com/research/salary/alternate/clinical-licensed-psychologist-ph-d-salary/ca

NOT what we want for DD. If she wants to live in a HCOL like California, she’ll definitely need more than that. We are not wealthy — we can’t afford to give her a downpayment on her house like most of DCUM.

She needs to go into tech, finance, medicine, or law. That is what bright, ambitious middle class kids do. [/quote]

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