Top 10 Highest Paying Jobs in Psychology in India [2021]

There is no getting around the fact that psychology is one of the most important fields of our time. There was a time when psychology was purely notional, but after centuries of studies involving not only experiments but also philosophical evaluations and reevaluations, psychology is a field that straddles both the scientific and the intuitive.

Whether you’ve been considering psychology as a career option and are wondering what kind of career will suit you best, or you’ve already started a career in a certain stream and want to see what kind of growth opportunities are available for you – this is the right article for you!

Projected to grow at the rate of 14% year-on-year, psychology is a field that will always see tremendous growth, because it helps to understand what causes problems in people in the first place, not just in solving them.

In this article, we’ll take you through some of the highest paying jobs in psychology, as well as explain a little bit about what each job entails and how to get there.

And you can find out which one suits you the best!

Learners receive an average Salary hike of 58% with the highest being up to 400%.

Top 10 Highest Paying Psychology Jobs in India

1. Psychiatrist

Requiring a very specific trajectory during the educational stage, a psychiatrist has the important responsibility of assigning people diagnoses (based on their evaluations) and making sure that they get the proper medicines.

For the most part, a psychiatrist comes in at a stage when a patient has already gone through various other structures that are designed to support those who are suffering from mental health conditions – a psychiatrist comes into the picture at the last stage of the journey of mental health.

Usually, a psychiatrist is also well versed in certain forms of counselling or therapy, such as Cognitive Behavioural Therapy (CBT).

It’s not a walk in the park if you want to become a licensed psychiatrist. You have to finish an undergraduate degree in medical school and then do an MPhil from an RCI-licensed college to finally be able to call yourself a psychiatrist.

Typically, salaries from psychiatrists average around  479,916 per year.

2. Industrial/Organizational Psychologist

Given that a big chunk of the workforce is occupied across industries where there is little to no emotional support to be found for the various workers, it’s no surprise that those psychologists who can fit this role are rewarded generously for their efforts! And their efforts are often deployed not at a personal level only.

The task of industrial and organizational psychologists is to make sure that the structures within which workers are operating can be attuned in a way so that it works out in the favour of both the companies as well as the people involved.

To not only strike a balance between the human and structural is not an easy task, and requires mindfulness of the highest degree.

The path to becoming an organizational/industrial psychologist typically involves doing at least a master’s in organizational psychology, with a doctorate degree being optional.

Keep in mind though, that completing a doctorate degree will greatly increase your chances of earning more money.

Typically, an I/O psychologist makes an average of 479,616 per year.

3. Neuropsychologist

Neuropsychology is a field that goes into the depth of the psychology of the brain. A neuropsychologist looks not just at typical psychological indicators that other psychologists use as a reference point.

Their specialty lies in having a thorough understanding of all the different parts of the brain and how they respond to various stimuli – for instance, which part of the brain isn’t functioning well when someone says they’re sad, or which part of the brain produces the feeling of euphoria when one feels a sense of excitement.

Owing to the fact that neuropsychologists can work with complex brain chemistry, they often work with pharmaceutical companies as advisors to their many medicines.

Neuropsychology is a specialized field which requires dedicated study, often for many years on end. But it’s a rewarding career, not only in terms of satisfaction but financially as well.

A neuropsychologist earns an average salary of 500,000 per year.

4. School Counsellor/Psychologist

The importance of a school psychologist or counsellor cannot be stressed enough. A school psychologist can tie together the social fabric of the school, which is almost always bursting at the seams, with social tensions and strife – for the students, school faculty, as well as management.

In such a scenario, a school counsellor offers respite for everyone involved, and makes sure that a school’s systems function as well as they can (and should).

This is why school psychologists are so important for schools, and why schools invest heavily in them. Moreover, school counsellors also form lasting relationships with their students, and can thus enrich their lives too – and this is a huge form of impact!

It’s a straightforward career path to becoming a school counsellor/psychologist, requiring some specialisation once a master’s degree has been completed. The average salary for a school counsellor/psychologist is 297,988 per year.

5. Clinical Psychologist

A clinical psychologist, much like a psychiatrist, understands all the conditions in which a mental disorder can present itself within a person.

So, a clinical psychologist’s task involves diagnosing, managing, and treating people who have these conditions – whether it be depression, or anxiety, or borderline personality disorder, or anything else. Because of the far reaching implications of this profession, it’s one of the most popular roles within the field of psychology, and has the most number of jobs on offer as well.

Clinical psychologists often work across hierarchies in a number of different organisations, whether at care centers, recovery centres, hospitals, or at other places where the mental health of people is dealt with at length.

In addition, they often offer their services through private practice as well, thereby increasing the scope of their earnings.

A clinical psychologist makes on average 355,326 per year.

6. Forensic Psychologist

Forensic psychologists specialize in psychology as it overlaps in the field of criminality and all things related to it. They work often with criminal offenders, attempting to rehabilitate them at a psychological level, before they go back out into the world. To this end, they can be employed by prisons, institutions that cater to habitual drug offenders, as well as hospitals.

They serve as an important cog in the rehabilitation system for any crime – simply giving them time to reflect on their wrongdoing proves to be futile, unless it’s supported strongly by someone who can facilitate that process.

In addition to simply helping those that have committed crimes, forensic psychologists are also responsible for making sure that people are psychologically profiled correctly – through this they can predict who is likely to become a criminal and who will be a threat to society if they are released from prison.

On average, a forensic psychologist earns 406,946 per year.

7. Counselling Psychologist

Counselling psychologists are experts in making people come face to face with their problems and offering them solutions that can be of help to them in the immediate short term.

Counselling offers people an insight into their behaviours that simply going to a psychiatrist or clinical psychologist won’t – this is why these services are often paired together so that in combination they can provide great results for the person concerned.

This insight can then be used to further delve deeper into any “concern areas” for respective people: someone might want to focus more on their relationships, others might want to take a closer look at work, while some might want to be able to look closely at their hobbies.

A counselling psychologist makes an average salary of 362,758 per year.

They too have private practices and can earn separately through that channel.

8. Sports Psychologist

Sports psychologists are psychologists who understand not only the human mind but also the human body – with specific reference to how they interact with each other on and off the field.

A sports psychologist is someone who, ideally, has already gone through the motions of various sports training rituals themselves, and therefore understands the specific toll that it takes on both one’s mind and body.

Thus, with this experience, they guide others to their specific sports-related goals, and can make or break athletes’ careers – after all, sports as a field comes with very high expectations, rewards, as well as disappointments.

And this is where a sports psychologist shines, and allows others to shine as well.

A sports psychologist typically makes a salary of 589,581 as they start out but can make a promising sum of around 24 Lacs per year !

9. Education Psychologist

An education psychologist fills any possible gaps that are left behind within the schooling system in so far as the education of a student is concerned.

We have earlier seen that there are school psychologists and counsellors who serve to hold students’ anxieties as well as their fears, which may in part be triggered by the school. An education psychologist, however, makes sure that a child’s intellectual growth is taken care of.

Often, a school system doesn’t allow for certain minds to grow at the rate that they will grow the best – and this is where an education psychologist will be far more helpful than a school psychologist or counsellor.

An education psychologist can earn up to ₹7,72,743, with the possibility of earning a salary of ₹972,275 – and this doesn’t even include bonuses or other perks! Similarly, through private practice, an educational psychologist can stand to earn even more money.

10. Child Psychologist

A child psychologist does what you may imagine they do – they work with children. Children have to face a lot of challenges as they grow up, and parents may not always be in the best position to be able to deal with all of those issues.

In fact, there may be instances when parents specifically approach a child psychologist because they are wondering how to deal with a certain problem that they can’t solve on their own.

A child psychologist helps keep the parents stress free while they focus solely on the child.

Child psychologists too have their own private practice, and as word spreads about their services, they can stand to make a lot of money through this medium.

Typically, a child psychologist makes around 480,000 .

Take the Leap into Psychology?

As we’ve already explored above, psychology is a field that is rife with possibilities, with discoveries waiting to happen, intersections still to be found, and lives yet to be enriched! Beginning your career in psychology is the best way to earn a top salary in psychology in India – no matter where you’ve completed your education from, it is bound to come in handy as there are a huge number of opportunities in India.

Each profession takes time to establish, so the sooner you get started the better! There is success at the end of each road – so start on your path today!

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