Psychiatry Vs. Psychology
When you try to compare psychiatry and psychology, you notice that the former deals with treatment of mental health issues, while the latter deals with the study of human behavior. That however, is just a basic difference and there are quite a few more difference which you need to know.

Psychiatry
In the field of medicine, psychiatry is a discipline which emphasizes on the study and treatment of various mental disorders. The term psychiatry, which means the medical treatment of mind, was coined by Johann Christian Reil - a German physician, in the 19th century. A person who specializes in this discipline is known as a psychiatrist. In order to practice psychiatry, the person has to hold a degree of MD (Medical Doctor or Doctor of Allopathic Medicine) or DO (Doctor of Osteopathy or Doctor of Osteopathic Medicine) along with a medical license for the same. More recently, careers in different branches of psychiatry - especially forensic psychiatry and addiction psychiatry, are in great demand. For a person specializing in psychiatry, salary offered can range anywhere between $125,000-$200,000 per year. Basically, a psychiatrist's salary tends to depend on his education and overall experience.
Psychology
In science, psychology is a field which deals with the study of human behavior. This study is predominantly targeted at understanding the physiological and neurological functions of human mind, and social behavior triggered by these functions. The term psychology was coined by the German philosopher - Rudolp Gockel, in the 16th century. A person who specializes in this discipline is known as a psychologist. A psychologist can have specialization in any of the different types of psychology. In order to any of the various psychology jobs, one has to get a graduation degree in psychology, and requires to go for further specialization depending on the field which he opts for. With a Master's degree in this discipline, you can qualify for different jobs in psychology. Some of the most popular psychology careers with a Master's degree include clinical psychologist, industrial psychologist, forensic psychologist, etc.
Psychiatry Vs. Psychology
Going through these definitions of psychiatry and psychology must have made you realize how the two disciplines differ from each other. The differences between the two disciplines start right from their names. While both the terms start with 'psyche' - which means 'related to mind', the suffix iatry, coming from iatros, means treatment whereas the suffix logy denotes science. This means that the objective of psychiatry is to treat mental illness, whereas that of psychology is to study human behavior and cognition. While both psychiatrists and psychologists resort to psychotherapy and counseling, a psychiatrist is also allowed to prescribe medications - something which a psychologist is not entitled to do. The education of a psychiatrist also differs from that of a psychologist. The difference between the two disciplines can also be seen in terms of research, with the research area of a psychiatrist more often revolving around concepts such as psychiatric medication, and that of a psychologist more often revolving around clinical and research psychology.
While a psychiatrist can legally prescribe medication for your problem, a psychologist is allowed to do the same - in some jurisdictions and only after consulting a psychiatrist. With such developments taking place, the difference between the two subjects is bound to narrow down..... but that will take some time.
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