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Sports Psychologist is a booming industry. For the time being it is still a star driven market that can be cut throat. Even big contracts can be canceled in a relatively short time frame. It has all of the precursors of building a medical practice. Currently there are three different career paths that most professionals pursue in the field: Institutional buyers, individual clientele and research/teaching. The salary and job security varies depending on path taken, and various demographic factors.
The demand for sports psychologists is currently booming with only an increase in the future. Of course, the demand for different locations gives way to different salaries. For example, working with the Steelers football team you would make a lot more money that working with the Utah Jazz basketball team. From what I have looked into, only half the challenge is going to school. The other half of the challenge would be to land the right job with the right team. To me it seems like a career that you would need to know the right people AND you would need the right degree. But, once there its a very rewarding one; making anywhere from 60,000-80,000 a year.