With a masters in nursing and a set of highly specialized skills nurse practitioners (NPs) play an essential part in our health care system today. And it’s because they play a variety of roles in the medical field, from diagnosing and treating a wide range of acute and chronic illnesses and injuries, counseling patients, developing treatment plans, and more. We all know that the nursing shortage is becoming greater than it’s ever been, and more and more physicians are shifting their focus away from primary care towards specialized practices. And so it is that the nurse practitioner demand is greater than it’s ever been.
Consequently, nurse practitioners are able to command a fairly comfortable salary, one that compares favorably with other professionals who have earned their master’s degrees. And as the need for these skilled individuals continues to increase (as it is projected to) those salaries should continue to rise as well.
Nurse Practitioner Salary Trends
According to PayScale.com, nurse practitioners can make on average anywhere between $68,000 and $90,000 annually. Some NPs can earn even more if they work in an independent practice. Certain areas of focus have been proven to be more lucrative than others in this field. For instance, the salary of a nurse practitioner specializing in Acute Care, Case Management, or Intensive Care Unit work will typically be higher than the salary of a nurse practitioner working in other areas. According to the Nurse Practitioner Salaries by Hospital Setting report, nurse practitioner salaries tend to be higher in a general hospital or surgery setting in comparison to the salary of a nurse practitioner employed in a school or private practice. Many nurse practitioners are able to leverage their salaries by progressing their careers into some of the more higher-paying specialties, such as Family Nurse Practitioner ($65,117-$84,993), Advanced Registered Nurse Practitioner (ARNP) ($63,926-$84,518), and Women’s Health Nurse Practitioner ($66,562-$84,512).
Location also plays a significant part in determining the salary of a nurse practitioner. New York and Boston are two cities that currently have the highest paid nurse practitioners, with Chicago, Philadelphia, St. Louis, Atlanta, and Indianapolis also ranking as top-paying cities in the United States.
Nurse Practitioner Education
Getting a good education from a quality Nurse Practitioner School and earning your Nurse Practitioner Degree is instrumental in being able to advance your nurse practitioner career and earn a comfortable salary as a nurse practitioner. Nurse practitioners who hold their Masters in Nursing Degree have been able to increase their salary and enjoy upward mobility within their career field. If you want to take your career to the next level, find the nurse practitioner program that’s right for you and get on track to furthering your career as a nurse practitioner.