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PhD Salary UK: How Much Do PhD Students Get Paid Compared to Graduates?

Considering whether to stay in university as a PhD student or to leave and get a job? If so, you may be wondering “How much do PhD student get paid?” and “How does a UK PhD salary compare to a graduate salary?” .

In this post I delve into the details and reveal that the difference in take home pay between a UK PhD stipend and a grad position can actually be much lower than it first appears!

If you’re looking to know how much a PhD could boost your career and salary after finishing your doctoral degree I’d suggest checking out my post: Is a PhD Worth It ? See details here for how much people earn in academia after getting their PhD .

I also have a complementary post covering my monthly expenses as a PhD student. You may also wish to check out my guide to the application process , PhD FAQs and article on how I got a PhD scholarship .

February 2024 : This post has been updated to include figures for the 2023/24 academic year.

Do PhD students get paid in the UK? If so, how much do PhD students get paid?

Before we delve into the details let’s first cover whether PhD students get paid in the UK. Generally, yes, most PhD students get what is called a PhD stipend to support themselves during their PhD. Importantly, a PhD stipend (in the UK at least) is tax free .

It is worth noting though that not all PhD projects automatically include funding. Funding may also not be applicable for every applicant. For example sometimes it may only be available to home students i.e. those from the UK.

Therefore some students may resort to self funding their PhD. In STEM subjects self funding a PhD is pretty rare and often only happens because of limitations in funding eligibility. I’ve personally worked with a mix of funded and self-funded (often by parents) PhD students, though most are certainly funded by grants and scholarships.

If your project doesn’t already include funding, for most people I strongly advise trying to find funding rather than considering self funding. For more information on this check out my post on PhD Funding in the UK.

2023/24 UK PhD Salary

• PhD salary outside of London: In 2023/24 most new PhD students in the UK will receive a PhD stipend worth at least £18,622 per year .
• PhD salary in London : In 2023/24 most new PhD students in London will receive an increased stipend to account for cost of living , which is typically around £20,622 per year .

Notice that the PhD stipend for outside of London is at least £18,622 per year. I’ve seen several advertised at the London rate. There are also some available at an even higher rate. For example I know of CDTs in Bristol paying more like £24,000 tax-free.

Your PhD stipend will usually provide funding for 3.5 years, although it can occasionally be for 3 or 4 years.

These values are for most PhD studentships including those awarded by all UK research councils following the UKRI guidelines .

Certain scholarship schemes pay upwards of £25,000 per year, such as the £25,150 (2024/25 rate) President’s PhD Scholarships at Imperial. For details on how to get such a scholarship, check out this article where I go over how I got awarded my own PhD scholarship.

The Marie Skłodowska-Curie Innovative Training Network (ITN)  runs all across the EU. As well as nice training and exchange opportunities it pays a staggering stipend of approx £40,000 – £45,000 . The grant level is reviewed each year and increases if you have family dependents. I personally wish I’d known about it earlier and highly recommend anyone interested puts a reminder in their diary for when the next call opens!

Is a UK PhD stipend taxable?

Here is what PhD stipends look like compared to some fairly typical starting grad salaries in the UK:

At first glance a PhD stipend doesn’t stack up well against the higher wages of a graduate salary which can sometimes be twice this amount or more. But crucially PhD stipends for students are tax free !

There are a few other financial perks that come with being a student so I was intrigued to find out how the two salaries really compared. The results may surprise you!

Below is a high level overview and I’ll delve into each of the numbers in depth later in the post.

Grad salary vs PhD salary starting numbers

As mentioned earlier, in 2023/24 a typical PhD stipend outside of London is at least £18,622 . Within London this will typically increase slightly to account for cost of living to around £20,622 . These rates rise every year for new students, but do not rise for each year of the PhD. So for new students considering starting in 2024/25 a UK PhD salary will likely be around £19,100 outside of London. 

For the sake of simplifying the comparison I averaged the 2023/24 PhD stipend to £19,622 for all PhD students studying in the UK.

A fairly typical grad salary, for someone qualified enough to be considering a science PhD, is around £30,000 . Of course this is an average salary so needs to be taken with a pinch of salt. As the number can vary dramatically it may be considered too low by some, but I think it’s a good benchmark accounting for different regions of the UK.

I’ve included higher and lower graduate salaries too in the summary charts for this post.

Salary Gap: £10,378

On the face of it the PhD student would be earning £10,378 less per year: around 35% lower! This is enough of a difference to put off a lot of potential PhD candidates who’ve likely spent the last few years building up student loans.

But unlike normal wages, PhD stipends are tax free so maybe things aren’t as bleak for PhD students as it seems? Let’s explore how they really compare.

Income Tax & National Insurance Contributions

The 2023/24 Personal Income Allowance is £12,570. This means that you can earn up to this amount and not pay any income tax. Earnings from £12,571 up to £50,270 fall into the basic rate bracket of 20% tax.

PhD Student Salary: PhD stipends are tax free and incur no income tax or national insurance contributions. Remaining stipend: £19,622

Professional Salary: On £30,000 you’d pay £ 3486 in income tax and NI contributions of £2004 . Remaining wage:  £24,510

Salary Gap: £4888 Income tax and national insurance contributions have immediately almost halved the difference in take-home pay from £10,378 down to £4888!

Student Loan Repayment

PhD Student Salary: Even with a PhD stipend you are officially an unwaged student so you won’t make student loan repayments as a PhD student. Remaining stipend: £19,622 [see footnote 1]

Professional Salary: The amount you may have to pay for student loan repayments depends upon when you started your undergraduate course. If you started your undergraduate course since 2012 you pay student loan repayments on earnings above £27,295. Meaning on a salary of £30,000 you’d pay £243 a year on student loan repayments. If you began your undergraduate course before 2012, repayments start on salaries above £22,015 and would be £541 a year . Most of you likely completed your undergrad degree recently so we’ll go with the more recent, lower, repayments. Remaining wage:  £24,267

Salary Gap: £4645

Council Tax

PhD Student Salary: Another cost that students are exempt from is council tax. Though be careful if you share a house with non-students since council tax must then be paid on the property. [2] Remaining stipend:  £19,622

Professional Salary: Council tax varies greatly between council boroughs, and depends on the property you live in. For example in Cardiff I lived in a one bed flat and the annual council tax was £1050 per year. During my PhD in London council tax for a lovely three bed house  in Clapham it was £1000! Now that I live in Bristol it is over £2000 per year for a three bed house. I’ll go to the liberty of saying on average it would be £1150 per year and would be divided between two people: -£575 each. Total: £23,692

Salary Gap: £4070

Private Pension Contributions

PhD Student Salary: Although universities pay a PhD stipend to students, you are not a member of staff and hence do not make private pension contributions. Remaining stipend:  £19,622

Professional Salary: Legislation has been phasing in making contribution to private pensions mandatory. The upside is that employers match your contribution up to varying percentages: sometimes up to about 10% of your salary. Additionally there are tax benefits to contributing so overall you could see it as boosting your salary looking at the longer term view. [3]

I believe there are troubling times ahead for 20-somethings and personally am not relying on a state pension existing by the time we all reach retirement age. Therefore I wholeheartedly recommend making a decently sized contribution at least up to the same amount that your employer matches. For the purposes of this comparison I won’t deduct anything for private pension since it’s not really being deducted so I’ll call this one a draw.  Total: £23,692

Student Discount

Ah the obvious one! Student discount may have been the first thing you thought of when you saw this article, but I’m not going to include it in this analysis.

A student card does allow a significant amount to be saved, not only on luxuries such as entry to attractions and deals in shops but also travel. For example in London, an 18+ student oystercard gets you 30% off travelcards. For a monthly zones 1-3 ticket this would save about £50 a month: over £600 a year!

The reason I’ve not included it? How much you use student discount depends on your circumstances and lifestyle and I wanted to keep the analysis widely applicable. Also, there are ways around needing to pay for travel at all: I started cycling to university every day in London .

Curveball: the £12,570 Tax-Free Personal Income Allowance

So far the recent grad is still earning an additional £4842 per year: almost a third more than the PhD student. Owing to the fact that PhD students are exempt from income tax, national insurance contributions, council tax and student loan repayments the gap in earnings has shrunk considerably.

One last calculation I wanted to try was to consider the scenario of a student earning some additional money on the side. It is a common thing to make extra money with teaching assistant, tutoring and consultancy opportunities. In fact I think every PhD student I know does at least a little. There are of course non-academic routes to make additional money too.

I have written a post about some of the ways that I make extra money , many of which are in fact available to non-students. Do be careful to check that this is acceptable at your institution. My favourite way to make extra money is matched betting which is tax-free for everybody. You can find my complete guide to matched betting here .

Tax-free side-hustle

Currently you can earn £12,570 tax free in the UK . Given that the PhD stipend itself is tax free, unlike an equivalent worker you wouldn’t pay any tax on extra earnings up to this threshold. This might sound insignificant but it’s not.

Admittedly, unless you’re very entrepreneurial, it is unlikely that you would make use of the whole tax-free opportunity. But earning several thousand pounds per year on top of the stipend is certainly common.

As pointed out by a reader, John, in the comments below: a consideration should be that that some universities limit how much paid work you can do per month. Even so, there are lots of ways to make money and your time as a student could even be a great time to start your own business .

I’ve been paid more than £25 an hour doing pretty simple work for the university , so these earnings can mount up quickly.

To illustrate the extra earning potential afforded to PhD students, let’s consider the most extreme case where the tax-free earnings are maximised.

Since 2017 there has been a £1000 tax-free trading allowance for workers in the UK , meaning even those in a normal taxable job can earn £1000 on top of their salary from side-hustle jobs. Therefore the grad will pay additional taxes on £11,570 instead of £12,570.

PhD Student Salary: An enterprising student maxing out the tax-free allowance could earn £12,570 a year and pay no national insurance either, leaving additional take-home pay of  £12,570 . With a PhD stipend of £17,062 the student would in total earn £32,192 for the year. They’d keep 100% of those extra earnings.

Again, yes it is unlikely that someone would really earn this much on the side but it is common to make at least several thousand throughout the year.

Professional Salary: As a grad on £30,000 per year in your main job, to have an equivalent side-hustle earning £12,570, in total you’d pay tax on £41,570. Income tax would be £5800: £2314 higher than on their base salary of £30,000. NI contributions would be £3335: £1331 higher. Plus student loan repayments would be £1284: £1041 higher. Student loan repayments really start increasing considerably when you’re earning more. These additional taxes and costs total deductions of £4686,  leaving the professional with extra take-home pay of  £7884 . Including their day-job the total they’d be left with is £31,576 .

For this extra £12,570 of work, the student would pocket 100% of it and the professional would keep £7884 ( 63% ). Looking at the pre-tax difference in their earnings: at face value the student would be earning £32,192 and the grad £41,570: a difference of £9378. Yet once taxes are considered the final result is two people with remarkably similar take-home pays: a difference of £616 in favour of the student!

Check it out:

Under these circumstances the student would in fact take home £616 more per year than the professional! I used the maximum tax-free allowance to highlight the point and yes it’s unlikely that many students will fully utilise it. Yet the point stands that any additional earnings are much better retained by PhD students.

If someone was running a fully-fledged business on the side then the difference becomes even bigger as the grad salary approaches the next tax bracket for earnings of £50,271 and above, at which point the rate of income tax doubles.

There are very few legal ways of making money which are tax-exempt for everyone. One of these rare cases is also my favourite way to make money on the side: matched betting. Intrigued? I’ve written a huge guide to it here . In this rare instance none of the grad’s extra earnings get eroded by tax.

Grad salary vs PhD student salary conclusion

Starting from a difference of £10,378 in salary, taxes and other outgoings have knocked £6308 off the graduate’s wage. This brings the difference in earnings down to £4070. This equates to £339 per month. More than nothing, but not a huge difference. And this doesn’t include any extra earnings on the side which the student can do a much better job of retaining.

Surprised how small the difference is? I certainly was whilst I was writing this.

Here is a chart for comparing a wider range of salaries:

This analysis doesn’t take in to account the extra earning power that gaining a PhD could bring, nor the potential lifestyle benefits of being a student such as autonomy and flexible working hours which it could be argued level the playing field even further. Plus the opportunities afforded to PhD students, which everyone should seize. And yes, student discount if you use it.

Furthermore if you consider the opportunity to make an additional £12k+ per year before incurring tax  any difference in earnings can become close to negligible!

I hope that this post has helped explain that the wage gap between UK PhD stipends and grad salaries is not as dramatic it first seems. Perhaps it’s even encouraged you to consider a PhD. If so I’ve written posts to help with your application and an article on how to improve your chances of securing a PhD scholarship . Also if you’re curious you can read about life as a PhD student along with profiles of PhD students around the world .

If you’d like personalised help with your PhD application I am now starting to offer a small number of one-to-one sessions. Please contact me to find out more or click here to book a call.

What do you think about this comparison between a UK PhD stipend and grad salary? Do you think there are any additional factors that I have overlooked? Please share your thoughts in the comments below and if you’ve enjoyed this post you can subscribe to hear about more content:

[1] Some people might say that by continuing studying you’re simply delaying your student loan repayment.  Considering most people don’t pay it off in the 30 odd years until any outstanding balance is wiped I think it’s fair to say that this doesn’t ring true.

[2] No council tax is paid on a property if all occupants are students. If you live with one professional they can claim the single occupancy discount of 25% but with two or more professionals the full council tax amount must be paid. If you share in a mixed group it is up to you how you divide it within the group. Ironically given the spirit of this post, last year I voluntarily did pay an equal (third) share of council tax given that my partner was moving to London specifically to live with me…

[3] If you go on to work for a university after your PhD you’ll be enrolled in the USS pension scheme where you’ll usually pay in 9% of your salary and your employer pays in 19%: yes, nineteen! For comparison most often the best private companies may match contributions up to 10%. Pension contributions are often removed from your pay packet before taxes. This effectively leaves you with a smaller salary and hence pay less taxes and national insurance contributions. Between this and your employer’s contributions overall your salary could be “boosted” by quite a bit, around 20% in the USS example, if you consider the pension as part of your long-term salary.

All calculations were carried out using the tax calculator on Martin’s Money Saving Expert. A fantastic website for all things personal finance.

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17 Comments on “PhD Salary UK: How Much Do PhD Students Get Paid Compared to Graduates?”

It’s probably worth factoring in that most HEIs limit PhD students to a maximum I’m of 10hours pw of external work. By my rough estimate, the student would have to earn £25 an hour to make the money you’ve described here. The side hustle, should probably be halved to reflect a more typical salary. Still a fair whack though.

Hi John, yes that’s a good point and I’ll update the post to reflect this. In my experience £25/hour is realistic, at least here at Imperial, though I appreciate it would rarely get fully utilised. Thanks again

Hello Jeff! I am a Sustainability Consultant from India, looking at PhD opportunities in UK. It would be great if we can connect and discuss a bit about your experience and journey. Looking forward!

Hey Akhyata! Great, yes let’s have a chat. I’ve emailed you to arrange it. Best wishes, Jeff

Hi Jeff! I love your article, I’m a pharmacist juggling the idea of a PhD. I would love to take up on your offer to connect.

Hey Kai! Great, I’ll email you now to arrange it.

Hi Jeff, I am a law grad very interested in further study and pursuing a PhD.

I would love the chance to chat to you further about this article and your experience!

Thanks in advance

Hey Clara, Yeah no worries. I’ll send you an email now to discuss.

Hi Jeff, I’m putting together a PhD proposal at the moment and would really appreciate your input on a few things about the process when you have some free time. Cheers, Ben

Hi Ben, sure no problem, I’m happy to try and help. Let’s discuss over email.

Hi Jeff, Thank you for taking the time to write the articles you do. On this particular article, you have saved us all quite a lot of time. With such a minimal difference even without an additional income, it makes a lot of sense, especially with an increase when you graduate.

Those from the UK can take a £24k loan from the Gov (as if they didn’t have enough debt already). Still, it could enable a student to focus more on academia, speeding up the process and increasing the quality of work.

Apologies Jeff, the stipend and student loan are not available at the same time.

Thanks very much for your comments Tyrone. I’m pleased you find the website useful!

If you can get funding, I agree that there isn’t much of a reason to not do a PhD.

I must admit I’ve never looked much at postgraduate loans, in part because I encourage everyone doing a PhD (in STEM at least) to pursue funding. We’re doing PhDs which can help wider society and it doesn’t make sense for people to have to sacrifice even more by adding extra debt if they can avoid it. Interesting to hear that you can’t take out a loan if you have a stipend, thanks for letting me know.

Perhaps of interest to you, there is a post going live tomorrow which should put the length of a PhD in context of someone’s whole career. In short it doesn’t sacrifice much of a career but of course but make a very useful addition!

If there are any other topics you want to see covered please do let me know.

Best wishes.

Tax Free is not a perk. If you are not paying tax in the UK you cannot contribute to your pension. This may not seem important now, but it will later. This is especially important for mature students who can really lose out if there is a break in their NI contributions.

Thanks for your comment Marie.

The point is that normal tax-paying jobs don’t actually pay quite as much more than PhD stipends once you consider tax. I agree that over the long term avoiding paying taxes is neither a good idea because of things like pensions, nor is it socially ethical. But I don’t think there is any harm in taking 3-4 years out for a PhD:

You have to pay NI for a minimum of only 10 years to qualify for some level of state pension in the UK. After this the pension received simply increases linearly with the number of years of contributions, up to a max of 35 years. With retirement age edging up to 70 that gives at least 45 years between undergrad and retirement so most people will comfortably qualify (for now) for the full state pension. I’d argue that there is ample time to earn some tax free money as a PhD student without having to worry about making enough NI contributions. You can even voluntarily pay NI to gain additional qualifying years on your record. More generally I’d suggest also to not rely on receiving the state pension, I’m not personally betting on there even being a state pension by my own retirement (nor do I want to retire at 70+) so it’s always a good idea to build up your own private pension and savings too!

Hi Jeff, I was looking for funded PhD projects in the Marie Curie network and found a few on the EURAXESS website, but they all require a Master’s degree to apply. I was wondering if there is something I am missing or if you know where to find PhD funding opportunities in the Marie Curie network with only a bachelor’s degree. Thank you.

Hi Alex, thanks for your comment. I must admit I’m not an expert on all of the different Marie Curie funding routes available. If you’ve already done an extensive search then it sounds like yes they all may require a Master’s. By the way, when I first wrote this post I believed that all PhDs funded by UK research councils (UKRI) were at the very specific levels as mentioned in the post. However, I now know that there are some exceptions. For example, the Interactive AI CDT here at Bristol pays a stipend of £22,106: quite a bit higher than the standard non-London rate. CDTs such as this one include a foundation year and not everyone has a Master’s, so it may be worth considering schemes such as this. Best wishes, Jeff.

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PhD students face cash crisis with wages that don’t cover living costs

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Salaries for PhD students in the biological sciences fall well below the basic cost of living at almost every institution and department in the United States, according to data collected by two PhD students.

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PhD Salaries and Lifetime Earnings

PhDs employed across job sectors show impressive earning potential:

“…[T]here is strong evidence that advanced education levels continue to be associated with higher salaries. A study by the Georgetown Center on Education and the Workforce showed that across the fields examined, individuals with a graduate degree earned an average of 38.3% more than those with a bachelor’s degree in the same field. The expected lifetime earnings for someone without a high school degree is $973,000; with a high school diploma, $1.3 million; with a bachelor’s degree, $2.3 million; with a master’s degree, $2.7 million; and with a doctoral degree (excluding professional degrees), $3.3 million. Other data indicate that the overall unemployment rate for individuals who hold graduate degrees is far lower than for those who hold just an undergraduate degree.” - Pathways Through Graduate School and Into Careers , Council of Graduate Schools (CGS) and Educational Testing Service (ETS), pg. 3.

Average salaries by educational level and degree (data from the US Census Bureau, American Community Survey 2009-2011, courtesy of the Georgetown University Center on Education and the Workforce):

The Bureau of Labor and Statistics reports higher earnings and lower unemployment rates for doctoral degree holders in comparison to those with master’s and bachelor’s degrees:

According to national studies, more education translates not only to higher earnings, but also higher levels of job success and job satisfaction:

“Educational attainment – the number of years a person spends in school – strongly predicts adult earnings, and also predicts health and civic engagement. Moreover, individuals with higher levels of education appear to gain more knowledge and skills on the job than do those with lower levels of education and they are able, to some extent, to transfer what they learn across occupations.” - Education for Life and Work (2012), National Research Council of the National Academies, pg. 66.

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Princeton University will increase graduate fellowship and stipend rates by an average of 25% to about $40,000 for doctoral candidates during the 10-month academic year. It is the University’s largest one-year increase in graduate student stipend rates.

“Even with Princeton’s longstanding support for and sizable investment in graduate education, the coming year’s increases are remarkable,” said Cole Crittenden, acting dean of the Princeton Graduate School . “The increases in stipend rates will ensure Princeton continues to attract and retain the very best graduate candidates from all backgrounds and from all over the U.S. and the world. Our ability to support graduate students as they push the boundaries of scholarship and research in new and exciting directions is a Princeton priority.”

Princeton guarantees funding for its enrolled, degree-seeking Ph.D. candidates for all years of regular program enrollment. Ph.D. candidates receive a combination of funding to cover tuition and fees, as well as a base stipend to cover estimated living expenses. Crittenden said graduate stipends were already competitive and that rates had increased annually.

“Our graduate students are engaged in important learning and research, and we do not want promising scholars in any discipline to decide not to pursue graduate study because of their personal financial situation,” Crittenden said. “This is important in all cases, but it is especially important for students who may be the first in their family to attend college as well as for graduate students who may have dependents.”

For the upcoming 2022-23 academic year, the 10-month stipend rate will increase for doctoral candidates in the school’s four divisions — the natural sciences, engineering, humanities and social sciences — as follows. Two-month summer funding is also available to all Ph.D. students through various sources.

Natural Sciences and Engineering:

• Assistantship in Research (AR) stipend will increase from $31,720 to $40,000.
• Assistantship in Instruction (AI) stipend will increase from $34,800 to $42,000.
• University First-Year Fellowship will increase from $31,720 to $40,000.

Humanities and Social Sciences:

• University Fellowship will increase from $30,475 to $38,000.

The stipend increases will be funded through a combination of sources, including central budget funds supported by Princeton’s endowment. 

Robust stipends are among the many benefits available to Princeton doctoral students.

“The faculty advisers, support staff, research facilities, libraries and other resources for graduate students at Princeton are hard to beat,” Crittenden said. “We continue to be a leader in family-focused initiatives for graduate students. We offer University housing to a very large percentage of our graduate students, and when the Lake Campus graduate housing facilities are completed, we will be able to offer housing to any enrolled graduate student who wants it, just as we do to our undergraduate students.”

The range of Princeton’s resources allows students to focus on their studies and research. 

“The decision about where to pursue graduate studies should always be first and foremost about the people a graduate student will learn from and work with,” Crittenden said. “Our faculty and staff are unmatched in their devotion and commitment to graduate education and to graduate students.”

In addition to increases in graduate student funding, Princeton also has been a leader in its undergraduate financial aid program . More than 10,000 undergraduates have benefited from the University’s no-loan financial aid program since it was adopted in 2001. Princeton provides aid in the form of grants, which do not need to be repaid, and 83% of Princeton seniors graduate debt free. Approximately 61% of undergraduates receive financial aid and more than 22% of the Class of 2025 are eligible for federal Pell Grants for low-income students — reflecting the University’s enduring commitment to attract, enroll and support extraordinary students from all backgrounds.

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The trustees of Princeton University have reconfirmed the University’s commitment to ensuring that a Princeton education is affordable for every student even at this time of economic uncertainty.

Princeton trustees set 2023-24 budget, increasing undergraduate financial aid more than 25% .

The trustees of Princeton University have adopted an operating budget for the University totaling $2.92 billion for 2023-24, which includes a 26.4% increase, to $268 million, in the undergraduate financial aid budget. The increase supports several significant enhancements to how the University packages aid awards and provides support to more students as enrollment expands.

Princeton’s pioneering financial aid program has benefitted 10,000+ students over last 20 years .

The 2001 decision to replace loans with grants opened Princeton’s gates to more talented students from across the globe.

Trustees hold the line on tuition, approve funding for key initiatives .

At their Jan. 21 meeting, Princeton University's trustees adopted a 2007-08 operating budget that holds tuition at its current level but raises undergraduate room and board rates for an overall fee increase of 4.2 percent. This is the first year since 1967-68 that the annual tuition rate has not increased. The overall fee increase is well below last year's overall increase of 4.9 percent and the previous year's increase of 5 percent.

Trustees approve fee increase, funding for key initiatives .

Princeton University trustees Jan. 26 approved the lowest percentage increase in student fees since 2001-02 -- 3.9 percent  -- while also approving an almost 7 percent increase in the undergraduate scholarship budget to ensure that the increase in fees will not affect any student on financial aid. For students not on financial aid, the trustees sought to keep the rate of increase consistent with the expected rate of increase in the incomes of these students' families.

Pell-eligible students comprise 21 percent of Princeton's freshman class .

Princeton University now has one of the highest percentages of Pell-eligible students among the nation's most selective colleges and universities, with 21 percent of the freshman Class of 2020 eligible for the federal grants that are awarded to low-income students. The percentage of Pell-eligible freshmen is triple that of the Class of 2008.

PhD Stipends

Welcome to PhD Stipends!

The purpose of this site is to share information about what PhD students in many disciplines at universities all over the US are being paid (i.e. income from stipends, fellowships, research or teaching assistantships, internships, etc.).

Please fill out the survey below to help add to our database and then check out the answers that other PhD students have provided.

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Thank you for contributing to the database and enjoy perusing the data! After you submit your data, please share this website through social media so that a greater number and variety of grad students can contribute.

• PhD Salary in UK – Explained
• Funding a PhD

What Are PhD Salaries?

The average cost of undertaking a PhD in the UK is approximately £20,000 per academic year for UK students and £40,000 for international students. To help offset the cost of this, many students question whether undertaking a doctorate comes with a PhD salary.

The salary of a PhD student is governed by three factors: whether they’re assisting in undergraduate teaching, assisting in research, or have secured a PhD with a stipend. Depending on which of the three categories a student falls within, they will receive an income during their studies, however, the amount will differ by a substantial amount.

To help show you how you can fund your postgraduate degree and how much you can expect to earn whilst doing so, carry on reading below.

Types of PhD Salaries

There are three types of PhD degree salaries:

• Graduate Teaching Assistantships (GTAs) . In exchange for a salary, you’ll be required to assist in the delivery of one or more courses over a number of years. This includes, but is not limited to, marking student tutorials, supervising lab experiments and providing support to undergraduates during office hours. Besides this, you may have to teach a small section of the course itself. You can discover more about GTAs on King’s College London’s website.
• Research Assistantships (RAs) . In exchange for a salary, you assist a departmental professor with their research. In the ideal scenario, the professor you work with should also be your PhD supervisor and the research you’re asked to support with relates to your own doctoral project.
• Stipend via Studentship: A stipend is a non-repayable grant provided to doctoral students to help support their studies. A studentship covers a student’s tuition fees whilst a stipend covers a PhD student’s living costs. This includes outgoings such as rent, food, bills and basic travel. Unlike Graduate Teaching or Research Assistantships, stipends rarely have duties attached to them. The only expectation of receiving a stipend will be that you maintain continuous progress within your degree.

It’s worth noting these earning opportunities can be also be combined. For example, it’s possible to be a research assistant whilst also committing time to teach undergraduate students.

Average PhD Salary in UK

The average PhD student salary for teaching assistantships will vary depending on the level of responsibility you’re taking. However, to provide figures, past doctoral students have reported receiving approx. £10/hr for marking tutorials, £15/hr for leading laboratory sessions and up to £20/hr for leading undergraduate classes and tutorials.

The actual amount you can earn from teaching assistance will depend on the rate your department offers and the hours you can realistically take on. If you’re on a Graduate Teaching Assistantship programme, they will require you to dedicate a set number of hours per week. If you’re not on a GTA but would still like to earn an income through this scheme, you will likely need to commit several hours per week consistently. Although this can be a great way to earn whilst you study, you need to make sure you manage your time effectively as to not become overwhelmed by taking on an additional commitment.

The average salary for research assistantships will vary depending on the field of the doctoral degree you are enrolled in. Usually, these positions pay between £25,000 to £30,000 per year, however, it’s possible to come across positions which sit slightly outside of this. As a general rule of thumb, STEM assistors are paid more than non-STEM assistors.

In the UK, PhD students can receive a stipend which varies between £15,000 and £18,000 per annum. As part of the studentship your stipend is provided under, your tuition fees will also be paid for. UK tuition fees will vary between universities but are approximately £4,500 per year for doctoral courses starting in 2021/22 as per the UKRI recommendations .

Although £15,000 to £18,000 per year is the typical range for a stipend, some can be far greater than this. For example, Wellcome Trust , a research-charity based in London, offers an annual stipend of up to £23,300 and £26,000 for doctoral students located outside and within London, respectively.

Are PhD Salaries Taxed?

PhD stipends are tax free. Therefore, you don’t need to pay any income tax nor do you need to make any national insurance contributions. This means you’ll keep all the money you receive from an annual stipend. However, this is not the case for Research Assistants.

In the UK, Research Assistants are employed as university staff members and are paid a direct salary as opposed to a stipend. As a result, it will require you to pay tax on your earnings and make national insurance contributions.

To put this into perspective, for the 2019/20 UK tax year, you’re required to pay a 20% tax on any income above £12,500 but less than £50,000. You’re also required to make national insurance contributions of 12% of your weekly earnings over £166 but less than £962. This means that an annual Research Assistantship salary of £30,000 will equate to a take-home salary of £23,938 per year.

How to Get a PhD Stipend

To find research positions which offer stipends, we recommend you search our PhD database and filter by ‘funded’ positions.

Besides this, you can also secure a studentship from UK Research Councils or directly from your university as a scholarship. Independent organisations, such as charities and research trusts, and innovative firms within your industry also offer funding. You can read our PhD studentship guide to see how these work or our Where to find a PhD guide for further ideas.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

How to Get a Research Assistantship PhD

Unfortunately, research assistantships opportunities aren’t as common to come across compared to PhD stipends. Besides this, when they are available, they’re predominantly in STEM subjects such as computer science and engineering. The reason for this is these subjects usually have access to greater research grants and have a greater volume of practical work available.

To find a research assistantship, we recommend that you contact the university departments who host the courses you’re interested in directly. This is because research assistantships help professors with their research, and while they may require help, they may not be openly advertising for it. They may, therefore, be able to create a role for you within their department or put you into contact with one of their colleagues who already has an open position.

International Students

It’s worth noting that international students will have a harder time securing a funded PhD position than UK ‘home’ students will. This is largely because there are usually fewer funding opportunities available to international students, which as a result also attract significant competition.

Besides this, if you’re an international student studying in the UK you will most likely than not be on a Tier 4 visa. Although a Tier 4 visa will allow you to work to earn an additional income alongside any studentship you may have, there will be certain restrictions on what you can and can’t do. For example, during term-time, you won’t be allowed to work more than 20 hours per week. For a full list of restrictions, please refer to the government website.

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How much are phd stipends taxed in the US?

You’ve just received news that you’ve been accepted into a PhD program. The excitement is at its peak as visions of groundbreaking research and intellectual pursuits dance through your mind. But behind that, one question comes to your mind: how much are phd stipends taxed in the US ? 

Table of Contents

1. what is a phd stipend, and how does it work in the us.

A PhD stipend is a monetary handout and a lifeline that sustains graduate students throughout their arduous academic journey. While it may be seen as financial assistance, it also represents recognition of the student’s potential and contribution to the research community. Think about it – without these stipends, many talented students could not pursue advanced degrees and contribute valuable insights to their respective fields.

PhD students face expensive tuition and living costs, causing stress and uncertainty. Limited funding options require them to find extra income. Uncertainty makes planning hard and stresses academic life. PhD students have a lot of work, including research, data analysis, writing, and teaching.

2. Taxation Basics Every International PhD Student Should Kno w

Taxable vs. Non-Taxable Income: Given below, I have discussed taxable and non-taxable income. If you want a list of this Income, it is available in Publication 525 .

3. Federal income tax for international PhD students

Disclaimer: Tax laws can be complex and subject to change, so consult a tax professional specializing in international PhD student taxes or seek guidance from your university’s international student office. 

4. State income tax for international PhD students

5. social security and medicare taxes.

Social Security and Medicare taxes, also called FICA taxes, are taken out of paychecks to support important social welfare programs in the US. Employees contribute a percentage of their earnings to Social Security and Medicare. The current rates are around 6.2 for Social Security and approximately 1.45 for Medicare , but higher earners may pay more for Medicare.

6. Tax Filing Deadlines and Requirements

These include your W-2 form from your employer, which shows how much money you earned during the year. Any 1099 forms if you have additional income like freelancing or investments and any receipts or documentation of deductible expenses.

Tax Preparation Resources

I hope you understand how much are PhD stipends taxed in the US, by staying informed and proactive, students can confidently navigate the tax landscape and ensure they are making the most of their stipend earnings. So don’t let taxes stress you out – take control of your financial situation and make the most of your PhD journey!

FAQs: PhD Student Tax in the US

Can you live off a phd stipend in the usa, is a phd stipend taxable in the us, are there any tax deductions or credits available for phd students.

Yes, there are tax deductions and credits that may be available to PhD students, such as the Lifetime Learning Credit or the American Opportunity Tax Credit . For detailed information and guidance consult a tax professional.

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Dive deeper into attending grad school

Strategies to afford your next degree : How to pay for grad school

Who qualifies for aid : Financial aid for grad school

Paying for grad school: Subsidized loans for graduate school

Find a loan: Best graduate student loan options

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3.74-17.99% College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 8/12/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

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5.59-17.99% College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 8/12/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

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3.74-15.49% Lowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 8/8/2024. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website will be subject to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years. A variable APR may increase over the life of the loan. A fixed APR will not.

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Graduate students who work as teaching assistants earn an average of $38,040 annually, according to 2021 data from the Bureau of Labor Statistics. But how much you get paid as a grad student can vary greatly.

Grad school compensation depends on your school’s policies and your role at the institution. For example, teaching assistants and research assistants may have different pay scales, as could first-year and fourth-year graduate students.

» MORE: Is a masters degree worth it?

How graduate students get paid

Colleges may pay graduate students who work at the school via a stipend or a salary. Generally, the key differences between these options are as follows:

Stipends are for students. You receive this funding as part of an assistantship or fellowship from the school. The money is meant to support your living expenses while you perform research or your other educational pursuits. Stipend amounts may be based on the length of the academic year, not the calendar year.

Salaries are for employees. The school has formally hired you as an employee to perform specific responsibilities, like leading a class, for instance. As a salaried worker, your wages may be a set amount or based on the hours you work. You may also receive employee benefits such as subsidized health care or workers’ compensation.

How much is a graduate student’s stipend?

Cornell University recently announced it would increase graduate student stipends by 8%, bringing the average annual assistantship stipends for Ithaca- and Cornell AgriTech-based students to $43,326.

But this is not the norm. Many graduate students are paid much less.

The Temple University Graduate Students' Association, for example, began negotiations with the university in January 2021 to raise their average graduate student stipend — currently at $19,500 year.

Because funding can vary by school, it's best to research stipend information on your school’s website. This will likely include how much you’ll receive, as well as any factors that affect your pay rate. For example, the Stanford School of Education pays research assistants more once they’re officially doctoral candidates.

Living on graduate student payments

Working while in school can help cover some graduate program costs. But even with multiple jobs, you’ll likely need additional money to afford all your expenses.

Apply for scholarships and grants you may qualify for. Also, explore any other assistance your school offers. For example, Duke University offers up to $7,000 a semester to Ph.D. students who need child care.

After exhausting free aid and your stipend or salary, you may have to turn to graduate student loans to close any additional gaps in funding. For the 2020-2021 academic year, the average grad student graduated with $17,680 in federal graduate student loans, according to the College Board, a not-for-profit association of educational institutions.

There aren’t subsidized loans for graduate school, where the government covers the cost of interest while you’re in school, but unsubsidized loans are available and you don't have to make payments while enrolled at least half-time.

You can also take out up to your program’s cost of attendance — minus other aid you’ve already received — in graduate PLUS loans from the federal government or private graduate school loans .

» MORE: How to pay for graduate school

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Personal Finance for PhDs

Live a financially balanced life - no Real Job required

The Complete Guide to a Side Hustle for a PhD Student or Postdoc

September 17, 2018 by Emily

It’s no secret that PhD students and postdocs are paid a meager salary, sometimes not even as much as the local living wage. While a fraction of graduate students have probably always pursued side income to supplement their stipends/salaries, e.g., through part-time jobs, moonlighting, or odd jobs, only in recent years has it become easy to make money online or make money from home. Enter the ‘side hustle.’ The term exploded in popularity during the Great Recession along with the ‘gig economy.’ The flexibility of modern side hustles has made it possible for students and postdocs to fit their income-generating activities around their busy research schedules.

This article details why a graduate student or postdoc would want to side hustle, whether it’s allowed by their university/institution, examples of real side hustles held by PhDs, how to best manage the side income, and advice from PhDs with successful side hustles.

Motivations for Side Hustling

The motivations for having a side hustle during your PhD training are to make up for the deficiencies in what the university provides: money (primarily) and career-advancing experiences.

Increase Income

Pursuing your PhD during graduate school or gaining additional training as a postdoc is supposed to be your full-time (or more) pursuit. Research is life, right? Unfortunately, the positions don’t pay anywhere near as well as a regular full-time job.

The best case scenario for a PhD student or postdoc is that you will be paid enough to support yourself without making extreme lifestyle sacrifices, i.e., living in a van . However, there are plenty of programs and universities that do not even meet that low bar for a single person with no dependents. For a graduate student or postdoc with a dependent spouse (e.g., of an international trainee) or children, the low stipend or salary is almost certainly inadequate.

Graduate students almost always turn first to cutting their living expenses to be able to live within their means. They know that they are supposed to devote the lion’s share of their weekly energy to their coursework, research, and teaching. But when their backs are against the wall, some make money on the side to avoid going (further) into debt.

Career-Advancing Experiences

Some graduate students and postdocs are motivated to side hustle not by lack of income but rather lack of practical career preparation.

What careers does a PhD or postdoc prepare you for? These days, the vast majority of PhDs are not hired into tenure-track faculty positions. (Time to stop calling the jobs most PhDs get “alternative”, right?) Some universities have acknowledged this and put in place programming to help PhDs transition out of academia (my alma mater, Duke University, and in particular the Pratt School of Engineering, is innovating in this area), while others are still catching up.

Of course, PhDs have plenty of transferable skills that can be put to use in a wide variety of careers, but landing a job is still challenging.

Further reading: How My PhD Prepared Me for Entrepreneurship

A judiciously chosen side hustle (or even volunteer work) can help a PhD build out her resumé/CV and network to stand out from the other PhD applicants. A side hustle can teach you new skills, give you an opportunity to demonstrate the skills you already possess, and introduce you to professionals who can further your career journey.

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Are Side Hustles Allowed by Your PhD Program or Postdoc Position?

While some academics may take the view that side hustling distracts from classes, teaching, research, etc., for some people a side hustle is the main factor that enables them to stay in their graduate programs or postdoc positions. They side hustle because they want to keep doing PhD-level research ; otherwise, they can just leave and earn more money elsewhere! If conceived and managed properly, a side hustle is not a distraction from the student or postdoc’s training but rather an enhancement of it.

If you think about graduate school or your postdoc as similar to any other type of job, usually the only stipulations regarding your side hustle are that: 1) it does not interfere with your primary job and 2) it does not present a conflict of interest. That logic is helpful for thinking through whether a side hustle is allowed, but the universities sometimes add layers of complexity.

Further reading: Can a Graduate Student Have a Side Hustle?

Side Hustle Permissibility by Position Type: International, Fellow, Employee, Etc.

There may be explicit bans on making money on the side or it may be frowned upon. The income and experience gained from a side hustle is not worth getting kicked out of your graduate program or postdoc position.

International trainees

The F-1 and J-1 visas generally only permit employment directly in your capacity as a graduate student or postdoc. Sometimes, you can seek permission for other employment ventures, such as Optional Practical Training (OPT) for F-1 visa holders. A side hustle that you work on simultaneously with your research will likely not comply with these rules, so it’s a no-go.

Fellowship Recipients (Graduate or Postdoc)

Check the terms of your fellowship funding supplied by your university, employer, or funding agency. There may be a stipulation that no outside income is allowed as the fellowship is designed to support you completely and require your complete dedication. If you choose to pursue a side income against the terms of your fellowship, proceed with extreme caution and recognize the downside is potentially losing your primary funding. In other cases, outside income is not mentioned by the fellowship terms or is even explicitly allowed.

Research and Teaching Assistants

This is the category of graduate students most likely to be able to get away with a side hustle or be explicitly allowed because your responsibilities are generally time-limited to 20 hours per week (officially). Of course, beyond that, you are responsible for your dissertation work, so side hustling might conflict with that important pursuit. If you are in a contract with your university, check its terms. If outside income is not allowed, proceed with caution as you might lose your assistantship. You might, however, find a provision that allows outside income, perhaps up to a certain number of hours per week.

Postdoc Employees

A postdoc employee has a regular job, albeit a demanding one. Your desire to side hustle at that point in your training is more likely motivated by career advancement rather than income. Again, check your contract, but a side hustle may very well be permissible as long as it doesn’t interfere with your work. If you are working in your field, though, it could be a good idea to seek your advisor’s permission in advance.

What Does Your Advisor Think?

The person with the most important opinion on your side hustle–after you–is your advisor. Allowed, disallowed, frowned upon… The status of side hustling in the eyes of your university, department, or funding agency is less important than its status to your advisor. If your advisor is an unforgiving taskmaster who expects his myopic view of the supremacy of research to be adopted by his trainees, a side hustle is a very risky endeavor. However, if your advisor is a reasonable and kind person who respects work-life balance, it may be better to ask for forgiveness rather than permission if your side hustle is discovered and viewed negatively.

The Bottom Line: The Spirit of the Law

The spirit of the law when it comes to side hustling during graduate school or your postdoc is that it should not distract from your training. (This sentiment does not apply to visa holders; the letter of the law is most important in that case.) Financial and career stress itself can easily distract from training, so it may be a matter of choosing the lesser of two ‘evils.’

Prohibitions against outside income make sense when the income comes from a part-time job with fixed hours (meaning that you wouldn’t be able to stay late in lab if necessary) or if it takes so much time overall that you can’t complete your work healthily. But I don’t find prohibitions against outside work that doesn’t interfere with the student or postdoc’s primary ‘job’ any more logical than prohibitions against having a family or a hobby (assuming no conflict of interest).

Ultimately, rules or no rules and advisor’s opinion aside, you are the only person who gets to decide whether to pursue a side hustle. You are the one who will manage it and make sure that it enhances your PhD training instead of detracting from it.

Types of PhD Side Hustles and Examples of PhD Side Hustles

I break side hustles for PhDs into four categories: ones that advance your career, ones that you enjoy, ones that pay well (enough), and passive income. A side hustle that pays well and advances your career is ideal. If you can’t achieve that, doing something you enjoy is obviously preferable to doing something that you dislike or feel neutral toward that simply pays some bills. Passive income is outside of this ranked order as it doesn’t involve trading time directly for money.

By the way, if you are looking for a way to increase your income that your advisor would be totally on board with, try applying for a fellowship. I’ve created a guide to applying for and winning fellowships that includes a list of broad, portable fellowships that pay full stipends/salaries.

Further reading: How to Find, Apply for, and Win a Fellowship During Your PhD or Postdoc

PhD Side Hustles that Advance Your Career

There’s no better type of side hustle than one that pays you and helps you along in your career. Through this type of side hustle, you put your current skills to use, learn new skills, expand your network, and/or explore a possible career path. Often, this sort of side hustle is related to your current field of research or uses skills you’ve honed during your PhD. You might even be able to start working for a potential future employer while you’re still in training.

Examples of PhD side hustles that advance your career are:

• Teaching ( Derek )
• Zoo and aquarium evaluation ( Kathayoon )
• Design ( Mark )
• Data science ( Edward )
• Freelance writing ( Derek )
• Freelance academic writing ( Vicki )
• Freelance scientific paper editing ( Julie and Amy )
• Freelance scientific paper editing ( Jenni )
• Thesis/dissertation editing
• Scientific research summer internship ( Alice )
• Engineering summer internship ( David )
• Science policy fellow ( Emily )
• Research analyst for investor relations ( Adam )
• Online professor ( Kathayoon )

PhD Side Hustles that You Enjoy

Sometimes an enjoyable hobby can be monetized or you can find meaning and delight in a side hustle. This kind of side hustle is one you would likely spend some time doing even if you weren’t being paid and can be particularly revitalizing during the long slog of your PhD or postdoc.

Examples of PhD side hustles that you might enjoy are:

• YouTube ( Shannon )
• Singing ( Meggan )
• Piano ( Kathayoon )
• Fitness classes ( Anonymous )
• Resident advising for graduate students ( David )
• Resident advising for a fraternity ( Adrian )

PhD Side Hustles that Pay the Bills

If the only purpose a side hustle fulfills is bringing in some money, it’s done its job. Sometimes these pursuits are necessary for survival, but you shouldn’t spend any more time on them than absolutely necessary.

Examples of PhD side hustles that (likely) simply bring in income are:

• Food service

PhD Passive Income

Passive income has become a bit of a buzzword in recent years. Ostensibly, passive income occurs after you make some kind of investment that then pays a residual.

Making a monetary investment in a rental property or dividend-paying stock is a classic example of passive income. The former is definitely a possible income source for a PhD who owns her own home.

Further reading: Should I Buy a Home During Grad School?

If you don’t have money up front, you can “invest” your time and talent into a product that people will buy over time. The classic example of that type is an author who is paid a royalty with each book sale.

The current fad incarnation of passive investing is a promise that you can “make money while you sleep!” through online business, generally selling previously created digital products. ( I do this in my business. ) However, almost no online business runs for long without input of time and labor. The upside for a graduate student or postdoc, however, is that the large time investment needed up front to generate passive income and the maintenance over the long term can generally be performed on your own schedule and under the radar.

Examples of PhD side hustles that are passive income:

• Writing (i.e., published author)
• Patent holder (licensed)
• Flash cards and ebook ( Alex )
• Investing for current income
• Landlording

Balancing Your Side Hustle with Your PhD Work

Figuring out how to make money and settling into a groove of earning a side income can be exciting. It can even be more gratifying at times than your research as research is basically a series of failures punctuated by occasional successes. In those weeks and month when nothing is going right in your research, being able to turn to an activity with a known outcome ($$!) can be a welcome relief. However, you should not forget why you are pursuing the side hustle in the first place: to finish your PhD and pursue a certain career. (Of course, your side hustle may spur you to leave your program, but only do so after serious reflection! It shouldn’t be about the side hustle per se but a carefully considered evolution of your career plans.)

To that end, there are a few strategies you can use to make sure your side hustle complements and does not compete with your primary role:

1) Track Your Time

Set weekly limits for yourself on the amount of time you will spend on your role as a graduate student or postdoc vs. on your side hustle. If your time spent side hustling creeps too high or your time spent on research dips too low, you know you need to readjust. Expect your weekly time goals to change throughout the seasons of your PhD training.

2) Set Geographic and/or Temporal Boundaries

It’s best if you conduct your side hustle in a different location than your primary PhD workspace; for example, you could work from home on your side hustle and never in your office or on campus. An alternative to geographic boundaries is temporal boundaries, such as never working on your side hustle during daytime working hours. The exact boundaries you set will depend heavily on the nature of both your PhD work and your side hustle.

3) Choose a Flexible Side Hustle

An ideal side hustle for a PhD is one that can be accomplished from anywhere at any time and ramped up or down depending on how busy you are with your research. This is not realistic for all side hustles, but the more axes of flexibility yours has the better it will complement your primary job.

4) Keep Your Side Hustle Quiet (If Possible)

An internship or professional fellowship that requires time away from your graduate program or postdoc obviously can’t be kept secret, but many other side hustles can fly under the radar of your advisor and department if you want them to. The seriousness of the possible repercussions or how “frowned upon” side hustling is should dictate how open you are about your pursuit. Keep in mind that a side hustle in your current field of research may very well get back to your advisor as communities are quite small, so in that case it may be better to be completely above board.

Best Financial Practices for Your Side Hustle

Most side hustles are independent contractor or self-employment positions, which means that you become an entrepreneur (or solopreneur) of a kind. There are some common best practices in self-employment you should put in place from the start of your side hustle.

Further reading:

• Best Financial Practices for Your PhD Side Hustle
• How to Pay Tax on Your PhD Side Hustle

1) Use a Separate Business Checking Account

Separating your personal transactions from your business transactions at the account level will help you keep track of exactly how much money you are earning after expenses and what is deductible on your tax return. You can make periodic transfers from your business account to your personal account to pay yourself.

2) Set Aside Money for Tax Payments (Quarterly or Annually)

Your PhD side hustle generates (potentially) taxable income, subject not only to income tax but also in many cases self-employment tax. Add your marginal tax brackets at the federal, state, and local levels together with the FICA tax you must pay, and set aside that fraction of each of your side hustle paychecks to ultimately pay the extra tax. If you earn enough in your side hustle compared to your primary job, you eventually will need to start paying quarterly estimated tax. Fellowship recipients who don’t have automatic tax withholding are already familiar with this process. Even if you aren’t required to pay quarterly, expect a larger year-end tax bill.

Further reading: The Complete Guide to Quarterly Estimated Tax for Fellowship Recipients

3) Give your Earnings a Job

The best way to ensure you don’t blow your side income is to assign it a job to be completed as soon as it hits your personal account. You could pay a specific bill or two with your side income or only allow yourself certain indulgences from your side income. For example, Jenni saved her side hustle earnings for travel.

Closing Advice and Thoughts from PhD Side Hustlers

“Honestly, it kept me sane to have other things going on… [They] helped me to finish my dissertation more quickly because I was more focused on the time I had, instead of having lots of unstructured time to work.” – Kathayoon

“I’d encourage graduate students to pursue a lot of different opportunities while in school, even ones that are at a slant from what they usually do. It’s easy to get tunnel vision as a grad student, but if you open yourself up, you can develop really useful skills while reinvigorating your academic work.” – Derek

“I definitely recommend finding something in grad school that’s unrelated to the work you do, monetized or not, so that if all your experiments fail one week, you still have something meaningful to throw yourself into.” – Shannon

“This experience was critical for my transition out of graduate school. I ended up getting a full-time offer at the same company after maybe 2 months of hourly work and have been there for almost 2 years now. The best part was that I had an opportunity to try out my job before starting full-time. How else do you know if you want to launch a career in a certain field?” – Adam

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March 7, 2020 at 5:50 am

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• Psychology [Psy.D. / Ph.D.]

Has anyone ever regretted getting a PhD in clinical psych?

• Thread starter AnonymousClinicalPsych
• Start date Oct 20, 2021

AnonymousClinicalPsych

Full member.

• Oct 20, 2021

Board Certified in Clinical Neuropsychology

I don't have any big regrets. I enjoy what I do, and I have a lot of leeway to change focus if I wanted to do so. Also, I make pretty good money for the time spent working, though doing IME work helps in this.  

WisNeuro said: I don't have any big regrets. I enjoy what I do, and I have a lot of leeway to change focus if I wanted to do so. Also, I make pretty good money for the time spent working, though doing IME work helps in this. Click to expand...

AnonymousClinicalPsych said: Thanks for your response! Could you clarify what IME is? I’m not familiar with that acronym. I also see that you are a neuropsychologist. How different that is from a clinical psychologist? I assume that you primarily focus on assessment? Do you do therapy at all? Click to expand...

deleted106747

I've regretted it from time to time, and liked it at others. I didn't really like it completely until I went into hospital mental health administration, so I do think you eventually can find your niche.  

Board-certified psychologist

I never regretted it and like most of my job, but I would have probably gone into contract law if I’d known that existed when I was in undergrad.  

AbnormalPsych

Board certified psychologist.

I have regretted it at times and would do it all over again others. I have peers who feel the same. Sorry I can't be more helpful. I guess I would just ask you what would you be happier doing and if you have a clear answer, that might be worth pursuing exploration of. A PhD can certainly open a lot of doors.  

Psychologist

Regret is just another way of learning. It’s the same thing as reinforcement and punishment. You can regret what you have done. You can regret what you haven’t done. If you learn from it, regret is a positive thing. There are many other professional activities you can do. There are likely many more undiscovered things. $100k is lowball. Learn how billing works. Do the math.  

PsyDr said: Regret is just another way of learning. It’s the same thing as reinforcement and punishment. You can regret what you have done. You can regret what you haven’t done. If you learn from it, regret is a positive thing. There are many other professional activities you can do. There are likely many more undiscovered things. $100k is lowball. Learn how billing works. Do the math. Click to expand...

AnonymousClinicalPsych said: If $100k is lowball then how much is reasonable? I’m genuinely asking. How do you “learn how billing works” and “do the math”? If you have more info that you feel comfortable sharing please do. It’s interesting how people are still very vague about money even when it’s anonymous. Click to expand...

AbnormalPsych said: I have regretted it at times and would do it all over again others. I have peers who feel the same. Sorry I can't be more helpful. I guess I would just ask you what would you be happier doing and if you have a clear answer, that might be worth pursuing exploration of. A PhD can certainly open a lot of doors. Click to expand...

PsyDr said: 1). Reasonable? As much as you can earn. Telling won’t help you. What will is getting you to look up the professional surveys on income. Someone is the max on that. So… between $60k-$900k. Outside of me, there are people on SDN who make less than $40k/yr, and some that can make $40k in 2 weeks. 2) Learn the CPT codes used in psychology. This is easily found on APA sites via google. Usually laziness is the barrier to this step. 3) look up CMS’ fee schedule tool. Again: google. 4) look up the expected percentage of billable hours for hours worked. Both attorneys and physicians have easily accessible numbers on this via the google. 5) multiply those numbers. Maybe search for the number of hours worked per year, less vacation and sick days. Or multiply 40hrs/wk*50weeks/yr. 6) accept that the industry is: hourly rate X billable hours worked. The options are to work longer hours, make more per hour, or find a way to multiply your hours per day. But you’re in NYC, so you can’t use technicians. And books don’t work. TL;DR: if you hustle, you’ll want to learn the business of it all. That process will teach you 50% of the business. If you can’t be bothered to teach yourself, you can’t be bothered fo earn. That’s not a knock on you or anyone else. But Wallstreet isn’t based on pikers. Click to expand...

AnonymousClinicalPsych said: Thank you! It is a good question, but I don’t know if it’s useful to think about it at this point of my life. It’s not like I can just quit my program and change career now if I figure out what I’m truly passionate about. I can’t imagine giving up all the things I’ve learned and starting from scratch. I guess I’d be happier if I know I can at least make a decent amount of money after getting this ridiculously-hard-to-get degree, even if I have to do something that I don’t like that much. Click to expand...

PsychPhDone

AnonymousClinicalPsych said: Hi everyone, I'm new to the forum and would like to get people's opinions on questions I don't feel comfortable asking people I know. I'm currently half way through a partially-funded PhD program in clinical psych, and starting to feel regretful for getting this degree. I'm not saying that I want to switch career now, that would be a reckless decision given how much I've already invested at this point. I just want to see if anyone feels the same way or differently. The main reason for my regret is that I don't enjoy doing therapy (my program is much more clinical than researchy, even though it's a PhD program) as much as I thought. Maybe that's my own fault for not figuring this out beforehand, but I feel it's really hard to know what doing therapy is really about and feels like until you actually get trained and do it. In this country at least you really don't have much opportunity to get exposed to that unless you are in a doctoral program or a license track master's program. I'm also just tired of the endless work and the amount of effort that you have to devote into getting this degree. I did prepare myself for it before going into it, but it just became so much harder after you realize that you don't actually like it AND feel disappointed by your program's quality (this is a very subjective opinion of mine). I feel like I've exhausted my will power muscle at this point. Also, by the time I can start make actual money (i.e.after completing internship, post-doc, licensure) I'll be in my early thirties, with peers who have already worked at least 7 or 8 years, probably advanced to a mid-level position in their field, and make more money than I do. In fact, I don't even know how much does an entry-level psychologist make. No one talks about that in school and I haven't been able to find a way to ask that question in a way that's not awkward or rude. Any one knows? I know it depends on a lot of different factors and the setting, but just generally speaking, how much would you be able to take home if you are in private practice or a hospital in NYC? I'm guessing around $100K?? I feel that just doesn't justify the effort required for this degree. Call me shallow or superficial, but I think money is an important thing in the end. If you just need to have a job to make a living, why not choose one that requires less education and effort but may give you the same payout. The good thing is that I don't have any debt, just because I'm lucky enough to have parents who are willing to pay for the tuition and expenses. But even with that, I question whether this is all worth it. Please share your thoughts. Thank you. Click to expand...

AnonymousClinicalPsych said: I do appreciate the info you provided. But it feels that you are very quick to judge that people are just dumb and lazy. I’d appreciate your help even more if it wasn’t delivered in such a condescending manner ) Click to expand...

Sanman said: What's a decent amount of money? Click to expand...

AnonymousClinicalPsych said: I guess I'd be fine with a $100K starting salary and the potential to earn up to $150k-200k as the years go by, given that I live in NYC where everything is more expansive than the rest of the country. I have friends with a masters degree in another field who earn roughly $100k after 2 years of experience and those with a PhD in another field have a starting salary of $140K. I guess what I'm asking is not ridiculous? Click to expand...

Sanman said: That's because no one is laying out a free step by step playbook on how you can compete with them. We have all spent years figuring this out. There are a lot of ways to make money. Many tips are all around these boards on old threads. Do some reading. Figure out how you want to make money. If you want the medical school $300k job offer from a random hospital upon graduation. That is not going to happen. Click to expand...

PsyDr said: I can understand the perception. Information is insufficient to earn money. You’d think it’s condescending for me to say, “go to Harvard law, get a federal judge clerkship in finance, work for Brewster, and earn 7 figures”. That advice does nothing to help you earn. Earning money is NOT only about information, or even ability. It requires effort, and a lot of humility. If you’re not willing to put that effort in, there’s nothing that can help you. It’s like me. I spent time trying to help you. But since my effort is met with negativity, I regret giving you any information. Click to expand...

Clinical PhD Student

I'd also think about money/hours worked or money/stress when looking at other industries, especially since you're in NYC. I used to live there and work at a hedge fund, and I can promise you that most people there who made obscene amounts of money 1. were miserable and 2. had next to no time to spend their money because they were always working. Totally agree that money is a valid concern, but the dollar value itself isn't the whole picture.  

Dazen said: I'd also think about money/hours worked or money/stress when looking at other industries, especially since you're in NYC. I used to live there and work at a hedge fund, and I can promise you that most people there who made obscene amounts of money 1. were miserable and 2. had next to no time to spend their money because they were always working. Totally agree that money is a valid concern, but the dollar value itself isn't the whole picture. Click to expand...

AnonymousClinicalPsych said: I feel that we are talking about a different thing now. I might have misunderstood your previous post, but that doesn't matter now. "Regret is just another way of learning."--PsyDr Click to expand...

AnonymousClinicalPsych said: It’s not like I can just quit my program and change career now if I figure out what I’m truly passionate about. I can’t imagine giving up all the things I’ve learned and starting from scratch. Click to expand...

AnonymousClinicalPsych said: I was asking if people have information on the general salary that an entry-level psychologist make in NYC. I did do some reading on old threads but that specific information is hard to find/search on internet Click to expand...

singasongofjoy

Try looking up vocation, salary by region on Occupational Network (Google O*Net) if you want some numbers.  

AbnormalPsych said: Yes. You can. People do it. I've seen it. Also the reverse, with people in their 40s quitting prior careers and coming into PhD programs to start a new journey. Just cause you have difficulty imagining it doesn't mean anything. This information is on the APA website. In fancy colorful charts and graphs too. It is a couple years old at least since I last looked at it. I would be surprised if they took it down. Click to expand...

AnonymousClinicalPsych said: lol thank you for your optimism. Yes I can. In theory I can do anything I want. But the question is whether it is realistic. I can go to an acting academy and be an actor and potentially earn millions of dollars. But that's not a realistic plan for life. I'm really not considering to have all those years and money spent in my education wasted and do something else, which may take even more time and cost more money, when I'm not 15 years old. Please don't take it the wrong way. I'm not trying to bash you, I just want to be realistic. My original intention was to see if people feel the same way, so that I can get some validation and feel less unhappy. Or if people feel differently, what their point of view is so maybe I can learn from that. Click to expand...

• Oct 21, 2021

I ended up changing directions after finishing my PhD. I was always more research focused than clinically focused. I don't so much regret the decision to pursue a PhD, but the career lost a lot of luster during postdoc and I figured my skills would be more lucrative in the business world. I also wanted to have a more normal schedule and have time to spend with my partner, raise a family, and engage in other hobbies. At the end, psychology was just a job, one that didn't pay all that well as a post-doc/early career psychologist, and I could imagine doing a lot of other things with my skills. After internship and two post-docs I pivoted to becoming a business analyst. My background in stats, research methods, and clinical skills have been an asset for researching business processes, gathering requirements for projects, project management, people management, etc. I still do a lot of data analysis, which I love, and do a lot of problem solving as I am housed in an IT department. All that being said, I still miss psychology and some of what I used to study, the writing, and sometimes the clinical issues, which is why I still lurk here...haha. There are good things and bad things with every job, you just have to decide if you want your time, values and skills going towards something in psychology or something else. A PhD prepares you well for other paths, and having a PhD on your resume can quickly give you a leg up regardless of what you do.  

AnonymousClinicalPsych said: I was asking if people have information on the general salary that an entry-level psychologist make in NYC. Click to expand...

AnonymousClinicalPsych said: I feel what I'm asking is reasonable giving the effort that's required for the degree. Click to expand...

cotn_psych said: I ended up changing directions after finishing my PhD. I was always more research focused than clinically focused. I don't so much regret the decision to pursue a PhD, but the career lost a lot of luster during postdoc and I figured my skills would be more lucrative in the business world. I also wanted to have a more normal schedule and have time to spend with my partner, raise a family, and engage in other hobbies. At the end, psychology was just a job, one that didn't pay all that well as a post-doc/early career psychologist, and I could imagine doing a lot of other things with my skills. After internship and two post-docs I pivoted to becoming a business analyst. My background in stats, research methods, and clinical skills have been an asset for researching business processes, gathering requirements for projects, project management, people management, etc. I still do a lot of data analysis, which I love, and do a lot of problem solving as I am housed in an IT department. All that being said, I still miss psychology and some of what I used to study, the writing, and sometimes the clinical issues, which is why I still lurk here...haha. There are good things and bad things with every job, you just have to decide if you want your time, values and skills going towards something in psychology or something else. A PhD prepares you well for other paths, and having a PhD on your resume can quickly give you a leg up regardless of what you do. Click to expand...

Psycycle said: I've regretted it from time to time, and liked it at others. I didn't really like it completely until I went into hospital mental health administration, so I do think you eventually can find your niche. Click to expand...

MCParent said: I never regretted it and like most of my job, but I would have probably gone into contract law if I’d known that existed when I was in undergrad. Click to expand...

AbnormalPsych said: This information is on the APA website. In fancy colorful charts and graphs too. It is a couple years old at least since I last looked at it. I would be surprised if they took it down. Click to expand...

AnonymousClinicalPsych said: Do you mind telling me why you would have gone into contract law? Click to expand...

MCParent said: I’m doing an MBA right now and the business law class I took was amazing. Contract law combines my passions for being petty and punishing people for not attending to details. Seriously though it is super fascinating to me and there are ways to help people from getting screwed over by predatory contracts. Click to expand...

WisNeuro said: Like 50/50 reimbursement splits and overly broad/unenforceable non-compete clauses? Click to expand...

Sanman said: That's why I plan to offer prospective employees a 30/70 split. 50/50 seems much too generous. Click to expand...

WisNeuro said: I plan to forgo expensive and unnecessary health insurance plans and instead offer them a sit/stand desk instead. Click to expand...

Therapist4Chnge

Neuropsych ninja.

I regret going to a poorly funded program. My mentors were all older and out of touch w. the application process (this was pre-SDN), so I had no idea there were balanced Ph.D. programs...they all went to hardcore research programs in the midwest. I found the grad school book for clinical psych at a bookstore, but I didn't really understand all of the other things I should have considered. I made the most of it and I generally enjoy what I do, but it took a lot of time and sacrifice to get here. If I could do it again, I'd either do behavioral neurology or skip healthcare all together and work in finance / stock market. I'd be on my 2nd vacation home by now like some friends and family.  

Therapist4Chnge said: I regret going to a poorly funded program. My mentors were all older and out of touch w. the application process (this was pre-SDN), so I had no idea there were balanced Ph.D. programs...they all went to hardcore research programs in the midwest. I found the grad school book for clinical psych at a bookstore, but I didn't really understand all of the other things I should have considered. I made the most of it and I generally enjoy what I do, but it took a lot of time and sacrifice to get here. If I could do it again, I'd either do behavioral neurology or skip healthcare all together and work in finance / stock market. I'd be on my 2nd vacation home by now like some friends and family. Click to expand...

borne_before

AnonymousClinicalPsych said: Hi everyone, I'm new to the forum and would like to get people's opinions on questions I don't feel comfortable asking people I know. I'm currently half way through a partially-funded PhD program in clinical psych, and starting to feel regretful for getting this degree. I'm not saying that I want to switch career now, that would be a reckless decision given how much I've already invested at this point. I just want to see if anyone feels the same way or differently. Click to expand...

AnonymousClinicalPsych said: The main reason for my regret is that I don't enjoy doing therapy (my program is much more clinical than researchy, even though it's a PhD program) as much as I thought. Maybe that's my own fault for not figuring this out beforehand, but I feel it's really hard to know what doing therapy is really about and feels like until you actually get trained and do it. In this country at least you really don't have much opportunity to get exposed to that unless you are in a doctoral program or a license track master's program. Click to expand...

AnonymousClinicalPsych said: I'm also just tired of the endless work and the amount of effort that you have to devote into getting this degree . I did prepare myself for it before going into it, but it just became so much harder after you realize that you don't actually like it AND feel disappointed by your program's quality (this is a very subjective opinion of mine) . I feel like I've exhausted my will power muscle at this point. Click to expand...

AnonymousClinicalPsych said: Also, by the time I can start make actual money (i.e.after completing internship, post-doc, licensure) I'll be in my early thirties, with peers who have already worked at least 7 or 8 years, probably advanced to a mid-level position in their field, and make more money than I do. Click to expand...

AnonymousClinicalPsych said: In fact, I don't even know how much does an entry-level psychologist make. No one talks about that in school and I haven't been able to find a way to ask that question in a way that's not awkward or rude. Any one knows? I know it depends on a lot of different factors and the setting, but just generally speaking, how much would you be able to take home if you are in private practice or a hospital in NYC? I'm guessing around $100K?? I feel that just doesn't justify the effort required for this degree. Call me shallow or superficial, but I think money is an important thing in the end. If you just need to have a job to make a living, why not choose one that requires less education and effort but may give you the same payout. Click to expand...

borne_before said: Don't fall for the sunk cost fallacy! But, I suspect there is something else going on here... What don't you like about therapy? Are you hella self-conscious? Are you doing therapy that just isn't a great fit for your style? What are your placements? Are you taking therapy too seriously? Are you not vibing with your supervisors. There are many psychologists who just don't like doing therapy. It's often not my favorite thing, either. So I focus more on assessment of the neurodevelopmental disorders and behavioral consultation with parents (aka parent management training, aka sticker charts and time out 101). Or you can just be a dirty academic, all smug up in the ivory tower, doing research or just teaching. There is nothing wrong with that route. But, you might want to start building that side of it. This feeling is called burnout! I think it's very normal midway through your doc program. I'm also wondering if maybe some depression has snuck up on you. COVID has sucked... Did you move from your support system? Are you the first grad student in your family? Do you ever get some damn sunshine on your skin? Are you exercising regularly? Do you live on hoth and the short cold days are getting to you? Also, slow down bro. You don't have to have everything figured out and mapped perfectly. Set short term goals. Like just focus on getting to Christmas. Is there anyway to increase your involvement in the program so you feel more connected to it? I had this same feeling. I was 32 when I got licensed. I talked with my dad about it and he said, "are you gonna be 32, either way?" BTW - my parents were like yours, I never took loans, they helped me a ton. Money is important. I currently make more than anyone in my graduating class. But no one really gets wealthy by doing therapy. They get wealthy by making smart financial decisions, minimizing expenses, and finding other routes to income. For instance, you could run a private practice or start an ABA clinic or something. Don't worry about the money too much. The degree, if it doesn't kill your soul, will be the best investment you'll ever make. Grad school is supposed to suck. Its part of the experience. But, I'm wondering if maybe, the old black dog hasn't crept up on you and maybe a little good ole fashioned Prozac and therapy will help Click to expand...

borne_before said: Don't fall for the sunk cost fallacy! But, I suspect there is something else going on here... What don't you like about therapy? Are you hella self-conscious? Are you doing therapy that just isn't a great fit for your style? What are your placements? Are you taking therapy too seriously? Are you not vibing with your supervisors. There are many psychologists who just don't like doing therapy. It's often not my favorite thing, either. So I focus more on assessment of the neurodevelopmental disorders and behavioral consultation with parents (aka parent management training, aka sticker charts and time out 101). Or you can just be a dirty academic, all smug up in the ivory tower, doing research or just teaching. There is nothing wrong with that route. But, you might want to start building that side of it. This feeling is called burnout! I think it's very normal midway through your doc program. I'm also wondering if maybe some depression has snuck up on you. COVID has sucked... Did you move from your support system? Are you the first grad student in your family? Do you ever get some damn sunshine on your skin? Are you exercising regularly? Do you live on hoth and the short cold days are getting to you? Also, slow down bro. You don't have to have everything figured out and mapped perfectly. Set short term goals. Like just focus on getting to Christmas. Is there anyway to increase your involvement in the program so you feel more connected to it? I had this same feeling. I was 32 when I got licensed. I talked with my dad about it and he said, "are you gonna be 32, either way?" BTW - my parents were like yours, I never took loans, they helped me a ton. Money is important. I currently make more than anyone in my graduating class. But no one really gets wealthy by doing therapy. They get wealthy by making smart financial decisions, minimizing expenses, and finding other routes to income. For instance, you could run a private practice or start an ABA clinic or something. Don't worry about the money too much. The degree, if it doesn't kill your soul, will be the best investment you'll ever make. Grad school is supposed to suck. Its part of the experience. But, I'm wondering if maybe, the old black dog hasn't crept up on you and maybe a little good ole fashioned Prozac and therapy will help. Click to expand...

LCSW, private practice

• Oct 22, 2021

I can't answer your questions about regret because I don't have a Ph.D., but just as one data point about private practice income, I'm an LCSW in NYC in and my net income is around $12,500 a month and climbing. I currently see about 23-25 clients a week after cancellations. I also write and consult, but that doesn't usually bring in more than an additional $10K or so a year (so I guess about $160K total). That said, I have some niche skills, am licensed in two states, and have built a great referral network in the year I've been practicing privately. My therapist friends whose fees are lower, who don't have sought-after specialties, or who don't have a knack for self-promotion seem to make less. Also, I like what I do. I don't think I'd stay in the field if I didn't. The stress of running a solo practice is manageable, but the stress of doing that and disliking the work would make my life a living hell. Think about that as you consider alternative career paths. It might be worth shaving a bit off your income to, y'know, be happy.  

Qwerk said: I can't answer your questions about regret because I don't have a Ph.D., but just as one data point about private practice income, I'm an LCSW in NYC in and my net income is around $12,500 a month and climbing. I currently see about 23-25 clients a week after cancellations. I also write and consult, but that doesn't usually bring in more than an additional $10K or so a year (so I guess about $160K total). That said, I have some niche skills, am licensed in two states, and have built a great referral network in the year I've been practicing privately. My therapist friends whose fees are lower, who don't have sought-after specialties, or who don't have a knack for self-promotion seem to make less. Also, I like what I do. I don't think I'd stay in the field if I didn't. The stress of running a solo practice is manageable, but the stress of doing that and disliking the work would make my life a living hell. Think about that as you consider alternative career paths. It might be worth shaving a bit off your income to, y'know, be happy. Click to expand...

Sanman said: We should post this for everyone who says an LCSW can't make any money and they need a third rate doctorate. Publicly funded MSW FTW! Click to expand...

WisNeuro said: But...but, I really want to be a Dr! Click to expand...

AnonymousClinicalPsych said: Haha you are not a real doctor if you don't have an MD. Not my opinion. Most people in this country tend to think that. Click to expand...

Sanman said: MSW + $10 in color printing charges at Kinkos for doctoral diploma PDF downloaded of the internet+$40 frame? Click to expand...

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