What is the first question that pops up while making a career choice? Does this career have demand in the future? How much money can I make in this field? These are some basic questions that we ask ourselves about pursuing a degree or a career. Students planning to opt for nursing as their future profession must ask themselves, do nurses make good money? Is it worth it to chase this profession? Are there sufficient job opportunities for nurses? Would I earn enough as a nurse to fulfill my family’s needs? If these questions are stuck in your mind as well, then read this article until the end.
How much money nurses make depends upon various factors:
- The country where you are working
- The skills you pursue in nursing
- Your years of experience
- The category of nurse
Does the Country Impact a Nurse’s Pay?
The location has a great impact on the income of a person. Different careers have different pay scales in different countries. For example, if we talk about veterinary doctors, they are very common in the United States. Vets are the dire need of every person living in America. They have the same place as a General Physician. Consider that the salary of vets ranges between $88,490-$90,000 annually. Now, if we talk about Asia, barely 30% of people will be aware of veterinary doctors. The salary ranges between $29,000-$30,000 annually.
Similarly, nurses who are working in Canada earn $75,660 per year, whereas the same nurses working in Asia earn $30,000 per year. The economy is the factor which is the reason for the difference in pay between the two countries. Countries that are economically strong offer good salaries to employees of every profession, whereas developing countries that don’t have strong economies or are working hard to develop their economy will offer less wages to employees.
So, if you are planning to opt into the nursing profession in Asia, you must keep in mind that nurses in Asia make less than nurses in North America.
Which Nursing Skills Help To Make More Money?
There is a big difference between knowledge and skills. Most of the time, people with knowledge lack skills. If you ask me, what is more, valuable between the two? Then my answer will be skilled. Skillful people can make their way through difficult times. Skill means to implement what you know. People who have knowledge but don’t know how to use it in a useful way are likely to struggle. It may mean they have wasted their degrees and years of education. In the industrial field, companies don’t look at your CGPA or how many A* you got in O-Levels. They consider this: Does this person possess the skills we are looking for?
Likewise, while hiring nurses, specific skills are evaluated by the employer. Nursing profession demands:
- Hard work
- Attitude and confidence
- Critical thinking and problem solving
Employers judge and evaluate a candidate based on these skills. Those who check all these boxes will get a chance to work on good pay, whereas others who miss any box might get less.
Does Experience Matter in Making Good Money?
If you are the HR manager of a company, you need to hire an accountant. The company is looking for an accountant. You get two options, one with ten years of experience in Accounting and the other a fresher with zero years of experience. Being the HR of the company, who will be the first choice of HR? HR will prefer a person with ten years of experience over one with zero experience.
Expertise shows how much a person knows his job. There is no need to train an experienced person. In contrast, freshers require the time to understand how things work. The professional world is very busy; they don’t have time to teach individuals, due to which preference is given to those who are experts and experienced in their field. Experience is a dire need in the professional world. More experience, more the wage.
In the same way, nurses who pursue more experience will earn more money. Hospitals and clinics offer higher wages to nurses who have experience. On the other hand, fresh nurses are hired, but they get less salary. Fresh nurses work under the supervision of experienced nurses.
Category of Nurses
Nursing is a broad field. There are different categories of nursing. Each category is distinguished based on skills, education, and salary. Like, certified registered nurses will earn more than neonatal nurses. Below, sub-categories of nurses are mentioned along with the money offered to each:
Certified Nurse Anesthetists
Certified Nurse Anesthetist is considered the highest-paid nurses. In dealing with Anesthesia, CNA works hand in hand with medical staff. Anesthesia is a complicated drug that requires attention; that’s why only those CNA are hired who are best among others. The average salary of CNA ranges from $180,000-$200,000 per year.
Neonatal Nurse Practitioner
A Neonatal Nurse Practitioner is responsible for taking care of newborn babies. Children who are victims of premature birth or sick after birth remain under the supervision of NNP. This is a critical and responsible task. That’s why NNP is highly demanding. Hospitals hire them on $120,000 per year.
Cardiac Nurse Practitioner
CNP looks after patients who have heart issues. Performing cardiac tests and checking heartbeat and blood pressure fall under the responsibility of CNP. As we all know, cardiac issues are very common, due to which some hospitals contain more cardiac patients than others. It gave rise to the need for CNP. CNP works on average $129,000 per year.
Orthopedic Nurse Practitioner
ONP deals with patients who are going through a musculoskeletal injury. Their salary chart varies from $127,000 to $130,000.
Oncology Nurse Practitioner
Oncology Nurse Practitioners give attention to cancer patients. They look after their diet, education, chemotherapy, and willpower. Oncology Nurse Practitioner works on $121,000 per year.
Hence, nursing is a very notable profession. People who are working just to earn money can never do justice with their profession. Earning money is important, but sincerity with the profession is a priority.