Psychiatrist starting pay up 7% since 2021

The average starting salary for psychiatrists increased 7 percent from 2021 to 2022, according to Merritt Hawkins and AMN Healthcare’s 2022 “Review of Physician and Advanced Practitioner Recruiting Incentives.”

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The report is based on 2,695 physician and advanced practitioner job search engagements conducted from April 1, 2021, to March 31, 2022. Merritt Hawkins and AMN Healthcare are physician staffing companies hired to look for physicians in these specialties for the last year. 

The report showed that psychiatrists were the fourth-most searched for specialty by recruiters in the past year.

The average starting salary for psychiatrists in 2022 was $299,000, a 7 percent increase from 2021’s average of $279,000.

The increase in average starting salary is a reflection of the persistent shortage of psychiatrists in the U.S.

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