text: does anybody have a degree in psychology? what kind of degree do you have? what is the earning potential & perspectives? i have my bs in psychology and i am working on my psyd.  the average salary varies according to experience and the location of the practice. here is the most recent (2001) apa salary survey. for a doctorate: college psychology faculty made about $55,000 per year. research psychologists made between $65,000 and 85,000. the average salary for a clinical psychologist is about $72,000. school psychologists made an average of $77,000. industrial-organizational psychologists made about $96,000. administration of applied psychology positions had an average salary of $119,990.  for a master's degree: teaching positions paid approximately $42,000. educational administrators made about $66,000. researchers made between $47,000 and 70,000. clinical positions paid about $46,000.  the overall median annual earned income for all doctoral-level respondents in 2001 was $72,000. for all master’s-level respondents, the overall median annual earned income was $55,000 in 2001.