Do you have to have your Ph.D to become a psychologist?

there are many different fields of psychology. you can get a master's or ph.d in many psychological/counseling area's. it is impossible to answer a question as vague as this unless you say what kinda of psychologist you want to be. clinical? yes, you need a ph.d. there are a few schools that offer a master's but it's pointless to get one. Why would someone hire you with a master's if about 95% of the other applicants have their phd?