Nurse Practitioner Average Salary and Wage Information
Nurse practitioners are specialized registered nurses who can practice medicine just like a doctor. However, they do not have the same authority that a doctor has. They do have to go through the same amount of training as a doctor and therefore they are paid a quite a lot. Let us look at some of the wages an NP gets and ways to increase it.
The average salary for a nurse practitioner is around $90,000. Compared to a registered nurse this is quite high since an RN gets something around $65,000. This value is lower compared to an NP since an NP goes through more training and education and later earns the right to practice medicine.
Location
Wherever there is a growing need of NPs, they will be paid more. For example, Hawaii is the highest paying state with an average salary of $115,000 a year. This is about 30% percent more than the national average. While Delaware offers something around $67,000.
Experience
As far as experienced is concerned as a factor of salary, in this field, even with experience, the salary hardly increases. It increases about 10-15% over 20 years of experience.
Skills
A range of skills can increase your potential to earn a lot more. Acute care and Emergency room skills will be something that can increase your average salary to up to $99,000. Whereas family care can take it only up to $92,000. The skills of geriatrics and internal medicine both fall somewhere in between these two.
Promotions
The only real way to increase your salary in this line of work is to get promoted or get specialized. To do this there are several options. You can try to become a Nurse Practitioner Anesthetist who can earn about $150,000 a year. You could also try to become an Advanced Registered Nurse Practitioner to earn a bit more than a normal NP. Other alternatives are to become a Family, Pediatric NP, Psychiatrist NP, or an Adult NP. After this, of course, there are further specializations that can help you a bit more cash if needed. These things will require an additional certification and some more hours of training in that specific field.
Benefits
An NP is entitled to numerous benefits. These include paid vacations, retirement planning and health insurance. They are often reimbursed for any further studies that they may wish to undertake to improve themselves. They are also paid to attend certain conferences and their registration fees are taken care of.
With the shortage of primary health care personnel, the job outlook of mid-level health care practitioners is supposed to be on the rise. So, in the future, there is a high chance that Nurse Practitioners are going to get paid much more. As an NP you are also given more time and freedom to choose which cases to work on. This gives you more time to study and get into a specialization. On top of that, you always have the satisfaction of taking care of someone. Thus, now that you know the facts, there is no reason for you not to pursue this career.