What are salaries for I/O psychologists like?
I/O salaries vary widely according to the type of job and organization. The most recent U. S. survey, conducted by Burnfield and Medsker (1999) notes that in 1997 the median salary for SIOP members was $80,000. Professors made about $70,000 on average, whereas salaries in the private sector (corporations and consulting firms) was $100,000. Starting salaries in 1998 averaged $55,000 for new Ph.D.s and $38,750 for new Master’s degree recipients. Top salaries ranged from $250,000 to several $million for the upper 5% of I/O psychologists, most of whom owned their own companies.
