Salaries for Clinical, Counseling and School Psychologists. The areas of clinical, counseling and school psychology represent three of the largest employment areas within psychology. As of May 2015, the median annual salary for clinical, counseling and school psychologists was $70,580 per year. According to the Bureau of Labor Statistics, the median annual salaries earned by psychologists in various professions ranged from between $59,910 to $94,590. The lowest 10 percent earned less than $41,110, and the highest 10 percent earned more than $118,310.