How Much is a Nursing Degree Worth?
Jon Wirt / NursingLink.com
The nursing profession is expected to have a shortage of 1,000,000 nurses by 2016. With the dire need for new blood in the healthcare industry, there is a national push to start training the next generation of nurses who will provide aid and care to aging baby boomers. Because of this, nursing is one of the few recession-proof jobs in today’s lean-economy. To better entice nurses into the healthcare industry, a diverse set of educational options are made available to potential nurses.
This begs the question: What nursing degree is right for you? The higher up you climb in the educational system, the more money you will earn annually. If you get an LPN certification, you will earn, on average, $36,000 a year; however, if you earn your Masters of Science in Nursing, you will earn $73,000 a year. That is a difference of $37,000 annually. If you multiple that out over a span of 10 years, you will earn $370,000 more with a Masters of Science in Nursing than an LPN certification.
There is also a large disparity in salary between LPNs and RN-BSNs. An RN earns, on average, $58,000 a year. That is a difference of $21,000 a year between an RN-BSN and an LPN. If you multiple that out over a span of 10 years it is a difference of $210,000.
It is easy to see that a degree in nursing more than pays for itself. Increase your earning potential by earning your BSN or MSN. Get free information from nursing schools by filling out short form on the left.
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