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I think a psychologist has more to do with therapy; they talk out the problems and a psychiatrist is more likely to administer drugs to help the problem. That’s why I think a psychiatrist requires a medical degree whereas a psychologist doesn’t.
I’m sorry, but I don’t know how much money they make; I couldn't see them making less than $100/hr, but I do think psychiatrists get paid more than psychologists.
Volleeit has it right, and the amount you make depends on how much you decide to charge and how many clients you have. Most psychiatrists I've met charge people based upon their level of income making it cheaper for people who cant afford high priced therapy. Then there are some psychiatrists who only treat people of wealth, like Hollywood stars. They of course make a killing. Either way though all the ones I've met seem to have a comfortable life and can afford to take vacations.
A psychiatrist has a medical degree and has completed additional training in Psychiatry.
A psychologist has a psychology degree and has completed additional training in Psychiatry.
A Psychiatrist is more likely to look for problems within a person, and treat using medication, although they may also use talking therapies.
A Psychologist looks more at the person within the systems around them, and is most likely to use just talking therapies.
Psychiatrists work in clinics, but Psychologists are free to work in a range of settings.
Psychiatrists earn more and have more kudos, but some people find the principles upon which psychological practice is based more at one with the way they want to practice.
Don't go into either profession for the money.



Psychologists vs. psychiatrists
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this a a significant difference between the 2. what is it, cause I'm thinkin of going into one of these fields when I'm older=D
also, does anyone know how much money these jobs pay anually or per hour?