Average Psychiatrist Salary in Canada
The average annual salary of Psychiatrist is $164,524.00
The starting salary of Psychiatrist is between $60,937.00 and $71,690.00 whereas the maximum salary range is between $319,930.00 and $367,920.00.
| Minimum Annual Pay | Maximum Annual Pay |
|---|---|
| $60,937.00 | $367,920.00 |
The average hourly pay of Psychiatrist is $127.02.
The starting hourly rate is between $35.00 and $41.34 for Psychiatrist whereas the maximum hourly wage is between $280.13 and $322.00.
| Minimum Hourly Pay | Maximum Hourly Pay |
|---|---|
| $35.00 | $322.00 |
- Currency : CAD
- Annual Salary : $164,524.00
- Hourly Pay : $127.02
- Weekly Pay : $2,985.00
- Fortnightly Salary : $5,970.00
- Monthly Salary : $12,934.00
Psychiatrist Salary Comparison by Gender
This pie chart demonstrates the gender share for Psychiatrist. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Psychiatrist compared to female. Their involvement is 58% while of female is only 42%.
Salary Distribution Based on Years of Experience
The line graph shows Psychiatrist salary in Canada on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Psychiatrist working less than a year in a company, you notice that their annual salary starts around $105,002.56.
As the years of experience reaches 1 to 4, there is a significant increase of $2,206.37 which would give a total wage of CAD107,208.93.
Once the experience reaches 5-9 years Psychiatrist salary would increase again to a total of $190,761.63, adding $83,552.70 from the last salary increase.
After reaching the 10-19 year experience in their career, another increase in salary will be added to a total of $253,803.35.
And finally, once the Psychiatrist gains 20 years of experience or more, their salary would reach $217,000.00.
Prominent Skills Affecting Psychiatrist Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Psychiatrist's salary. It clearly highlights the skills needed for a post of Psychiatrist when hired by an employer. The skill that is required for Psychiatrist is Patient Counseling that affects the salary by 16%.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Psychiatrist. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is $105,295.00 whereas the highest earning is $261,593.00 which clearly shows the salary increases with the level of expertise.
Late Career person will earn the maximum salary of $261,593.00 at 59%. So to summerize, Entry Level earns 36% less than the average salary, Early Career earns 35% less than the average salary, Mid Carrer earns 17% more than the average salary, Late Career earns 59% more than the average salary, Experienced earns 31% more than the average salary.
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