Nursing is a great field to pursue a career in, not only are you helping people but your skills are in high demand. There has been a nursing shortage for a number of years and that trend is going to continue for the foreseeable future. This nursing shortage does mean that there are an increase in salaries and nursing can be very lucrative. Nursing salaries for LPNs will vary with your degree and specialty, let’s look at this further.
Factor in Determining your Salary
- Years of experience
- Type of degree and your education
- Where you practice
Licensed practical nurses are educated for a year through a program at a community college, trade school or through the hospital. After the training period is over then the students must pass an exam in order to get their license. The average median salary for an LPN is roughly $44,000, that is according to the Bureau of Labor Statistics. The salary can vary greatly depending on experience.
Registered nurses need to have a two year associate degree or a four year bachelor’s degree from a university. Once again the student will need to pass an exam in order to get their license. Registered nurses have a median salary of roughly $68,000 per year. The salary will vary depending on where and how long you have been in the field. Here is a closer look at what an RN can potentially earn.
Advanced practical nurse have more education and have a master’s degree and have chosen to focus on a particular area of specialty. They tend to take more one on one care of patients. Their salaries can be significantly higher than those of an RN or LPN and the salaries can range from $107,000 for a nurse practitioner all the way to $160,000 for a Certified Nurse Anesthetist.
Because of the shortages of nurses there are several hospitals, clinics and nursing homes that offer incentive to encourage highly qualified candidates to join their organization. These bonuses and incentives can include assistance with relocating or housing, daycare programs, tuition reimbursement and cash bonuses that can range from $2,000 to $20,000. In order to qualify for the various incentives you will likely be required to sign a contract for a duration of time.
Nursing is an exceptional career with plenty of opportunity for growth and advancement. The nursing shortage means that coming out of school you can look forward to excellent job prospects.