I have a Psy.D. degree, and am licensed in my state as a psychologist.
In my state, MSWs and masters level people can also get licensed. I have obsved that almost no Psychiatrists do therapy anymore. They only really on medication.
I have also observed that most of the masters level clinicians, both MSW and LMHC/LMFT are not as rigorously trained as my doctoral level colleagues. Yes, it took me longer and it was more expensive than an MSW, but, I understand more and various theoretical models than masters level trained clinicians and I feel I got better training. I am making these strong statements because in this thread I saw comments about doctoral level training which I feel are inaccurate.