The Master of Science in Nursing (MSN) is one of the few degrees that offer nurses further specialization in a specific field. As a graduate holding a master degree in nursing you may be well qualified to serve in a leadership role at a health-care facility or as a member of a university faculty. The degree even allows you to advance your career in the nursing field.
Once you complete your MSN program or earn a MSN degree, you may advance your healthcare career and become an administrator or supervisor. Adding to this, you may also work as a clinical nurse specialist (CNS), a nurse midwife, a certified registered nurse anesthetist (CRNA), a nurse practitioner, or a nurse psychotherapist, among others. These days, many MSN graduates act as specialists in areas that include community health, management and geriatrics.
Apart from all this, earning a master’s degree in nursing allows you to focus and widen your opportunities for having bigger responsibilities and even earn more money. In fact, in terms of salary, the nurse who holds a MSN degree enjoys a decent income. Though working as a MSN graduate may have its own share of challenges and responsibilities, but it even offers tremendous rewards along with salary range that can be beyond any evaluation to any other profession.
Although it is easy to generalize what a nurse with a master’s degree may earn, but generally salaries greatly differ when specialties are concerned. Nurse with a master’s degree in ambulatory care can earn an average yearly income of $44,000. Adding to this, a nurse with a degree in nurse management can have the potential to earn an average of $65,000 a year in that field. The highest earning nurse in the health care industry is often the nurse practitioner.
The working location also plays a very major role for a nurse who holds a MSN degree, even when it comes to overtime. Certain medical facilities or centers compensate overtime by paying a high hourly rate, while others pay off the time by increasing time off. If the reimbursement comes as an hourly pay, in that situation the pay rate usually differs from one specialty to another. Nurses may acquire their hourly pay by the number of beds or by the size of the supervised staff.
In next few years the employment opportunities for nurses having master’s degree is expected to grow at an average rate. Tough the opportunities may differ by region of the United States, but with the increase in job opportunities the salary range is expected to boost in next few years in the United States.
