text: I have my BS in psychology and I am working on my PsyD.  The average salary varies according to experience and the location of the practice. Here is the most recent (2001) APA salary survey.\nFor a doctorate:\nCollege psychology faculty made about $55,000 per year.\nResearch psychologists made between $65,000 and 85,000.\nThe average salary for a clinical psychologist is about $72,000.\nSchool psychologists made an average of $77,000.\nIndustrial-organizational psychologists made about $96,000.\nAdministration of applied psychology positions had an average salary of $119,990.\n\nFor a Master's degree:\nTeaching positions paid approximately $42,000.\nEducational administrators made about $66,000.\nResearchers made between $47,000 and 70,000.\nClinical positions paid about $46,000.\n\nThe overall median annual earned income for all doctoral-level respondents in 2001 was $72,000. For all master’s-level respondents, the overall median annual earned income was $55,000 in 2001.