In the 2020 SIOP salary survey,Society for Industrial and Organizational Psychology (2020). "Income & Employment Report 2020". Bowling Green, Ohio: Society for Industrial and Organizational Psychology. the median annual salary for a PhD in IO psychology was $125,000; for a master's level IO psychologist was $88,900. The highest paid PhD IO psychologists were self-employed consultants who had a median annual income of $167,000. The highest paid in private industry worked in IT ($153,000), retail ($151,000) and healthcare ($147,000). The lowest earners were found in state and local government positions, averaging approximately $100,000, and in academic positions in colleges and universities that do not award doctoral degrees, with median salaries between $80,000 and $94,000.
