Salary With A Master’s Degree In Nursing

Depending on your education and position, working as a nurse could allow you to bring in a good salary, and nurses who hold a master’s degree can command even higher salaries. By obtaining your MSN, you are opening yourself up to a wider variety of career paths in the medical field. Your options include advanced positions in nursing, such as a nurse practitioner or certified nurse midwife, or there are alternate paths that could lead you to management positions or working as a nurse educator. This degree gives you a lot of options. If you start you career as a nurse but later decide to become an educator or want to take on a leadership role in a medical facility, your graduate degree gives you those options. Take a look at the average salary with a master’s degree in nursing as well as some factors that will influence your salary. This will give you an idea of what type of salary you can expect with an MSN.

Average Salaries

Again, the average salary for a nurse with a masters is not necessarily indicative of what you will make with your masters in nursing. The reasons for that will be discussed shortly, but first know that most nurses with masters degrees make anywhere from $60,000 to $80,000 a year, with some making much more. If you decide to use your masters in nursing to teach, however, then you could be making significantly less. It all depends on the place where you work and the institution that you teach at. The role you hold at a school will also greatly influence your salary as an educator.

The Role of Specialties

Your specialty will make a big difference in how much you make with your masters in nursing. Some specialties will have you making only a small amount more than floor nurses while other specialties will have you pulling in a substantial salary. This is why you should take great care in choosing your specialty. Of course, you should select whatever area of medicine you are most passionate about and that you believe you will enjoy working in, but you should also know how your choice of specialty will impact your salary. If you want to make as much money as possible then you will want to choose your specialty accordingly. Some of these areas to specialize include:

  • Certified nurse midwife
  • Nurse anesthetist
  • Nurse practitioner
  • Nurse educator

Do You Really Need A Masters?

You don’t need a masters to be a nurse, and you don’t need a masters to have a successful career in the field of nursing. Registered nurses can make anywhere from $50,000 to $70,000 a year depending on how much experience they have in the field and on where they work, according to The Bureau of Labor Statistics. A master’s degree only helps to take you to the next level of nursing; whether or not this is important to you is up to you. You should just be aware of your options in the nursing field.

Your salary with a master’s degree in nursing will depend upon what your specialty is. This is the big deciding factor. But whatever specialty you choose, know that you will still be working to help people when they need you most and you will be making plenty of money doing it. Having a specialty simply allows you to focus your career and your work on an area of expertise that you truly enjoy.

Most Popular RN-MSN Degree Programs

Registered nurses looking for career advancement and higher salaries would do well to look into earning a Master of Science in Nursing (MSN) degree. An RN to MSN specifically is a degree designed for registered nurses who may or may not have already completed a bachelor's degree in nursing (BSN). Upon completion of an RN-MSN degree program, one will be educationally prepared to become a clinical nurse specialist or nurse practitioner. Below are online schools offering masters in nursing degrees.

Grand Canyon University
RN to MSN: Education
RN to MSN: Leadership
Grand Canyon University - Grand Canyon University offers an RN to MSN in Nursing Education and an RN to MSN in Leadership in Healthcare Systems. GCU has an exceptional record of students passing the NCLEX-RN examination, and graduates are frequently recruited by health care facilities. The RN to MSN in Leadership in Healthcare Systems uniquely combines graduate nursing core courses and courses taken with the MS in Leadership program, emphasizing communication skills.
Kaplan University
Kaplan University - Kaplan University's RN to MSN program allows students to complete their bachelor's degrees and MSN together, with the MSN program in a condensed format. In addition to learning everything from basic to advanced nursing practices, students can opt to get MSNs in Nurse Administration or Nurse Education if they want to pursue management or teaching positions. A DNP program is also available.
Walden University
Informatics (RN to MSN)
Education (RN to MSN)
Leadership/Management (RN to MSN)
Walden University - Walden University has specialized RN to MSN programs in Informatics, Education, and Leadership & Management. The RN to MSN in Informatics program combines nursing with computer science to help nurses use technology effectively to improve patient care. RN to MSN in Education incorporates teaching skills to the advanced nursing program. The RN to MSN in Leadership & Management prepares nurses for advanced careers and entry into management level positions.
Chamberlain College of Nursing
Chamberlain College of Nursing - Chamberlain College of Nursing makes the RN to MSN simple by offering two tracks: the Educator Track and the Executive Track. Courses are offered online and include classes on informatics, leadership, assessment and evaluation, managerial communication, as well as advanced nursing practices.

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