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Psychologists and Psychology Practices

SIC 8049 | NAICS 621330

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Psychologists, Social Workers, and Marriage Counseling  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast

American Psychological Association
Information resources available from this association include:

Center For Workforce Studies
Comprehensive resource library provides an in-depth look at the psychology profession, with topics covered in CWS publications including participant demographics, education, employment characteristics, salaries, career development, job satisfaction, and employment outlook. All information is available free online.

APA Member Profiles
Annual study provides a profile of member characteristics, with information provided including demographic (e.g., gender, race, age, and region), education (e.g., highest degree earned, years since degree), major field (e.g., health service, research, and other), and employment characteristics (employment and licensure status, work setting, and work activities). Current and prior profiles can be downloaded and viewed online.

First Research

Mental Health Professionals
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast

American Psychological Association Practice Organization
Business of Practice
"Business of Practice" section provides an extensive selection of practice management tools and resources for psychology practices, with topics addressed in this section including business management, practice development, financial management, electronic records, technology, HIPAA compliance, and legal and regulatory issues. Selected items can be viewed free online with the remainder available to members only.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Psychologists
Information provided for professionals included in this occupational category (e.g., clinical, counseling, and school, industrial-organizational, and all other psychologists) includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Financial Benchmarking Data

Industry Financial Ratios
Psychologists  Search for "621330"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

RMA Annual Statement Studies
Mental Health Practitioners (except Physicians)  Search for "621330"
Annual financial statement analysis includes common-size income statements and balance sheets and key financial ratios for mental health professionals included in this health care sector (e.g., psychologists, psychoanalysts, psychotherapists, and social workers). Report includes five years of historical data with the most recent year's data broken out by sales and assets size range. Sample report can be viewed online.

Compensation Surveys

Society for Industrial and Organizational Psychology
SIOP Income Survey
Triennial survey provides current and historical income data for industrial and organizational psychologists by age, gender, highest degree attained, years of work experience, employment setting, job title, certifications, ownership status, and geographic location. Current and prior surveys can be downloaded and viewed online.

American Psychological Association
Center For Workforce Studies - Salaries in Psychology
Comprehensive salary survey provides compensation data for full-time psychologists who are employed, self-employed, or operate an independent practice, with survey data reported by highest degree attained, job position, employment setting, median years in practice, gender, race and ethnicity, and geographic region. Complete survey report including figures, tables, references, and appendices can be viewed free online.

U.S. Bureau of Labor Statistics
Occupational Employment and Wages - Mental Health Practitioners
Annual occupational employment and wages survey provides hourly and annual wage data for psychologists included in this occupational category (e.g., clinical, counseling, and school, industrial-organizational, and all other psychologists) on a national, state, and metropolitan area basis, with statistical measures for national data including mean, median, and upper/lower quartiles and deciles. All information is available free online.

Business Valuation Resources