Salary

• According to the U.S. Bureau of Labor Statistics, the mean annual wage for a psychiatrist was $167,610, or $80.58 an hour, as of 2010. The Indeed.com website puts the annual wage for a sports psychiatrist at $129,000 as of 2011.
  
  

Benefits

• The Michigan Jobs and Career Portal website states that most psychiatrists receive paid vacations and holidays; retirement plans; hospitalization and life insurance; educational leaves; and paid sick leave. The site notes that psychiatrists who are self-employed pay for these benefits themselves.
  
  

Salary Differences by Location

• According to the Indeed.com website, a sports psychiatrist in New York makes $150,000 annually, as of 2011. By contrast, a sports psychiatrist in Seattle makes $114,000; one in Atlanta makes $134,000; and one in Los Angeles makes $133,000. A sports psychiatrist in Chicago makes $135,000, and one in Miami makes $124,000.
  
  

Areas of Highest Employment

• According to the Bureau of Labor Statistics, the states with the highest employment levels for psychiatrists are California, New York, Texas, Pennsylvania and Ohio. Metro areas with the highest employment levels for psychiatrists are the New York-White Plains-Wayne, New York-New Jersey, metropolitan area; the Los Angeles-Long Beach-Glendale, California, area; the Chicago-Naperville-Joliet, IL area; the Philadelphia, Pennsylvania, metro area; and the San Diego-Carlsbad-San Marcos, California, area.