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Experimental research tool. Not medical, career, or professional advice. No warranty. See methodology.

Psychiatry

Mental health diagnosis and treatment. Pharmacology, psychotherapy, neuromodulation.

What this specialty is

Psychiatrists treat depression, anxiety, psychosis, bipolar disorder, addiction, eating disorders, and acute psychiatric emergencies. Practice settings range from outpatient private practice (often largely psychotherapy and pharm management) to inpatient units, consult-liaison, child psychiatry, addiction, and forensic. Increasingly involves neuromodulation (TMS, ECT, ketamine).

Lifestyle & practice

Resident hours 50 to 65, attending 40 to 50 typical, minimal call. Outpatient private practice can be very controllable. Compensation $260k to $320k median academic, higher in private cash-pay practice. Among the most flexible specialties for part-time work.

Common fellowship paths

Child and Adolescent PsychiatryAddiction PsychiatryGeriatric PsychiatryForensic PsychiatryConsultation-Liaison PsychiatrySleep MedicinePain Medicine
Quick facts
Residency length
4 years
Median comp
$280k to $320k
Demand
Very high, severe national shortage
Resources to learn more

High-signal external links curated for residents and applicants.

Market· 2026 cycle (NRMP Match Results)

Positions

2261

All applicants

2859

Seats / app

0.79

Per-pool matched-applicant means· 2024 cycle

From NRMP Charting Outcomes 2024 (most recent biennial publication). Source PDFs: MD Seniors / DO Seniors / IMG. NRMP publishes Charting Outcomes every other year, so this should refresh in early 2026 with the 2025 cycle data.

PoolStep 1Step 2PubsResearchAOA %n
MD_seniors2262467.53.09.21051
DO_seniors2042403.82.1385
US_IMG2132313.42.2132
Non_US_IMG2262408.04.6135
Charting Outcomes match rates over time· 20182024 cycles

Per-applicant-type match rates and mean Step scores published by NRMP every two years. Each row is one applicant pool in one cycle. Step scores reflect what matched applicants in that cycle achieved, not what programs require today.

YearTypeMatch rateMatched (n)Step 1Step 2
2024MD_Senior89.5%1051226246
2024DO_Senior81.0%385204240
2024IMG55.0%132231
2022MD_Senior93.4%1024228242
2022IMG50.9%146216228
2020MD_Senior90.7%1029227241
2020DO_Senior84.3%296225238
2018MD_Senior85.0%869226239
2018IMG29.6%102214227
Applicant pool mixture
PoolShare
MD_seniors58.4%
DO_seniors20.7%
US_IMG9.5%
Non_US_IMG11.3%