Psychiatrists are mental health doctors that determine, evaluate and treat the mental health issues such as anxiety, depression and other mental health disorders. Psychiatrists in India easily earn big money in the early years and with experiences their salary goes up as well. Psychiatrist salary in India depends on their previous sessions as well.

Average Psychiatrist Salary in India

Awareness on mental health and the need for expert psychiatric treatment has expanded in India. This data about the psychiatrist salaries offers vital information about their financial careers. Indian psychologists on an average earn up to Rs.1.18 lakh per month. Open office psychiatrists offer their charges on the basis of the client needs.

The average psychiatrist salary in tier 1 cities is between Rs. 1, 21,090 and Rs.1, 24,492. The psychiatrist salary in tier 2 cities is between Rs. 1, 03,535 and Rs. 1, 06,371. In tier 3 cities is Rs. 53,428 and Rs. 54,759. Apart from a competitive salary the psychiatrist in India is also entitled a good pension plan, leave encashment and a comprehensive medical coverage. These perks help psychiatrists to stay financially secure and to stay healthy.

Salary Breakdown of Psychiatrists by Experience:

The income of psychiatrist in India depends on their level of expertise and the medical school the doctor attended. An annual pay in this field might be anywhere between Rs. 1, 23,252 and Rs.  1,957,428. Entry level psychiatrists are around Rs. 8.8 LPA and they can earn around INR 9.6 LPS in their early career. Doctors in their mid career earn around Rs. 18 LPA, whereas experienced doctors earn around Rs. 25.3 LPA. Well experienced psychiatrist in their late career earn around Rs. 34.5 LPA.

• Entry Level Psychiatrists (0-3 years of experience): Psychiatrists who pass fresh out of medical school start with lower salaries. Their remuneration will depend on their location, with urban areas offering more salary compared with the rural settings. The average salary of entry level psychiatrists is between Rs. 6, 00,000 and Rs. 12, 00,000.

• Mid-Career Psychiatrists (4-7 years of experience): Psychiatrists would have gained significant experience in their mid career and would have established their own private practice, and would have taken additional responsibilities in hospitals. Salary depends on whether they work in larger institutions or indulge in private practice. The average salary for mid-career psychiatrists is between Rs. 12, 00,000 and Rs. 20, 00,000 per year.

• Experienced Psychiatrist ( 8 to 10 years of experience of more): Highly experienced psychiatrists who have over 10 years of practice earn the best in the industry. They may hold leadership positions in the healthcare facility and might be involved in research or policy making activities as well. Their reputation and their growing network, impacts their earning potential significantly. Their salary will be around Rs. 35, 00,000 and Rs. 50, 00,000 in a year.

Factors affecting Psychiatrist salaries:

Psychiatrist in India should have a solid educational foundation, undergo thorough clinical training and constantly refresh their knowledge and skills. Psychiatrist salary in India depends on a number of factors, which are as follows.

• Experience and education: Experienced psychiatrist typically earns higher salaries. Candidates having advanced degrees, board certification and additional specializations will get enhanced earnings.
• Specialization: There are a number of specializations within psychiatry yielding appropriate salary. Junior psychiatrist early around Rs. 6.5 LPA, whereas neurosurgeons earn around Rs. 41, 50,000 LPA. So it depends on the expertise, educational background and the designation of the doctors.
• Reputation and network: A psychiatrist with a very strong reputation that is built through years of practice and notable research contributions may attract higher salaries and high paying clients, especially in a privacy settings.