Do Nurses Earn Big Money? You Decide.

The members of the public who are convinced that registered nurses earn huge salaries are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations, and they are unaware of the hazards many of us face during the course of a day at work. Nurses General Nursing Article

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  1. Do Nurses Earn Big Money?

    • 4743
      No
    • 553
      Yes
    • 344
      Not sure

5,640 members have participated

"You're rolling in the big bucks!"

Am I the only one who becomes at least mildly irritated whenever a random individual finds out that someone is a nurse and proceeds to say, "You're rolling in the big bucks!"

To keep things honest, I'll recall a few observations about the people who generally do (and don't) broadcast their feelings about nursing pay. In my personal experience, no doctor has ever told me to my face that I'm earning 'big money.' No engineers, attorneys, pharmacists, speech language pathologists, or other highly educated professionals have hooted and hollered about the supposedly 'good money' that nurses make once they discover that I am one. On the other hand, bank tellers, call center workers, clerks, and others who work at entry-level types of jobs have loudly made their feelings known about the incomes that nurses earn.

I was employed at two different fast food chains while in high school, and during my late teens, I worked a string of dead end jobs in the retail sector. From ages 20 to 23, I maintained employment at a paper products plant in high cost-of-living southern California as a factory worker and earned an income of about $40,000 yearly with some overtime. Of course I thought that nurses earned handsome salaries during my years in the entry-level workforce. After all, the average RN income of $70,000 annually far exceeded my yearly pay back in those days. Keep in mind that I paid virtually no taxes as a fast food worker because my income was so low. Also, I paid relatively little in the way of taxes as a retail store clerk.

Awash With Cash

Do nurses earn "big money"?Many of the certified nursing assistants (CNAs) with whom I've worked over the years have fallen into the trap of believing that the nurses are awash with cash. However, the ones that pursue higher education and become nurses themselves eventually come to the realization that the money is not all that it is cracked up to be. For example, Carla* is a single mother to three children under the age of 10 and earns $11 hourly as a CNA at a nursing home. Due to her lower income and family size, she qualifies for Section 8 housing, a monthly food stamp allotment, WIC vouchers, Medicaid, and childcare assistance. Moreover, Carla receives a tax refund of $4,000 every year due to the earned income tax credit (EITC), a federal program that provides lower income workers with added revenue through tax refunds. Much of Carla's CNA income is disposable.

Carla returned to school part-time, earned her RN license, and now earns $25 hourly at a home health company in a Midwestern state with a moderate cost of living. She nets approximately $3,000 per month after taxes and family health insurance are deducted as she no longer qualifies for Medicaid. She pays the full rent of $900 monthly for a small, modest 3-bedroom cottage because she no longer qualifies for Section 8. She pays $500 monthly to feed a family of four because she no longer qualifies for food stamps or WIC vouchers. She spends $175 weekly ($700 monthly) on after school childcare for three school-age children because she no longer qualifies for childcare assistance. Carla's other expenses include $200 monthly to keep the gas tank of her used car full, $300 a month for the electric/natural gas bill, a $50 monthly cell phone bill, and $50 per month for car insurance. Her bills add up to $2,700 per month, which leaves her with a whopping $300 left for savings, recreational pursuits and discretionary purposes. By the way, she did not see the nice tax refund of $4,000 this year since she no longer qualifies for EITC. During Carla's days as a CNA most of her income was disposable, but now that she's an RN she lives a paycheck to paycheck existence. I'm sure she wouldn't be too pleased with some schmuck proclaiming that she's earning 'big money.'

The people who are convinced that nurses earn plenty of money are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations. They remain blissfully unaware of the daily struggles of getting through our workdays. All they see are the dollar signs. I'm here to declare that I worked hard to get to where I am today and I deserve to be paid a decent wage for all of the services that I render. Instead of begrudging us, join us.

Further information to help readers decide...

 

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
I have to admit ignorance to the new types of RN programs, I really had no idea that there were 1 yr programs, or that some have really lax but $$$ admission requirements. It wasn't like that in the area I went to school with only 1 BSN and 1 ASN college in the area.

I didn't say the admission standards were lax. Some are, like a private, for profit program that has been operating in a neighboring state for a few years now. However the 12 month accelerated BSN programs in my state are run through state university's and have fairly high admission standards. Even so they turn away qualified students every semester for lack of space in these programs. Last time I talked to one of their clinical instructors (2014) they were graduating three classes a year.

The direct entry masters programs are very expensive since they get to charge graduate tuition for the same education (basic entry level RN) that community college provide for less than $10K total. They also have fairly high admission standards. The students I meet from those programs have mostly been very bright and ambitious.

One thing I have noticed. In my job as full time rapid response I have a student with me (usually) 2 out of 3 shifts from a variety of programs from ADN, to traditional BSN, to accelerated BSN. The direct entry MSN students have the option of doing their preceptorship with rapid response but they never do. ADN and BSN students are fighting to get a preceptorship with rapid and we usually get the best and brightest students. However, so far not a single direct entry MSN has been willing to come to night shift and do their preceptorship with rapid, choosing instead to do them in out patient clinics and rehab.

All of these students do clinicals in my hospital and get to know the rapid RNs during clinicals. Most of them get to see what we do and are willing to make just about any arrangements in their personal life in order to come to nights with a rapid RN. Apparently the competition among ADN and BSN students to precept with rapid is intense among them and absent among the direct entry MSN students.

I have always wondered why this is.

To my great annoyance all of these programs have been started, and expanded with tax money extorted from the state and federal governments. Large health systems and (supposedly) nurse advocacy organizations (ANA for example) for this money. They use the false "NURSING SHORTAGE!" propaganda and fear tactics by predicting how awful things will be in health care if we don't train up a vast number of new nurses.

PS to correct my previous post there are not 4 direct entry MSN programs (DMSN) in my state. There are only two. However there is also two DMSN programs in the neighboring state and we get their students for clinicals.

Specializes in NICU, PICU, PACU.

Great article! It just runs me wrong when people say I must make lots and lots of money. I make a good wage, but not near what any of us deserve! And according to the government I should be able to foot all

but 5000$ of my kids college expenses lol lol

if I had no payments of any sort, sure I would feel rich, but this is real life.

Specializes in Pediatrics.

I left an optimistic sunny comment 2 years ago on this post about how excited I was to make a career change to nursing. I got a little push back saying it wasn't all it was cracked up to be. Just wanted to repost 2 years later finally as a nurse that I'm absolutely loving it. I feel appreciated, important and an integral part of something great! Just one of the many experiences I have had in this one year outweighs all of the combined experiences I've had in my previous career. That's all! I'll check back in another 2 and hopefully still feel the same!

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.

Thank you for the update! :up:

I left an optimistic sunny comment 2 years ago on this post about how excited I was to make a career change to nursing. I got a little push back saying it wasn't all it was cracked up to be. Just wanted to repost 2 years later finally as a nurse that I'm absolutely loving it. I feel appreciated, important and an integral part of something great! Just one of the many experiences I have had in this one year outweighs all of the combined experiences I've had in my previous career. That's all! I'll check back in another 2 and hopefully still feel the same!

Glad someone said it... Kudos...

I think nurses get paid very well for the amount of education that they have. Not in many other professions can one make 60k their first year out of school. Sometimes I look at my union contract and think "I am part of what's wrong with healthcare in America." Double overtime, triple time holidays, large shift differentials, weekend bonuses, extra shift bonuses, and God help us if we don't get a raise every year... Don't get me wrong, I love these perks, but I do think nurses are more than adequately compensated. So yes, I guess to answer the question- nurses can make a good amount of money. Maybe not the "big bucks" but decent enough, I'd say! Hiding now, please don't hate!

You must not live in the south;). As a new grad were making around 30,000-40,000 if your lucky. 40,000 is for those doing nights; and thats for Richmond Va, its much much lower in other areas. granted their is a lower cost of living; I think nurses make decent money and there is room to grow and advance in this career; but big bucks defiantly not especially after you add on all the expenses of the real world. Nurses work very very hard and have a stressful jo. In comparison to other careers and the work that they do no its not an equal compensation but the same goes for firefighters and policemen.

Specializes in geriatrics.

Unfortunately, nursing wages have been on the decline in many areas for years.

In Canada, nursing is unionized across the country. Even non-union positions pay well in order to be competitive. With the exception of Quebec, nurses average 75-85 thousand per year, excluding overtime.

Health care aides make 40,000+ per year. I am shocked at the low pay after reading some of these posts.

Specializes in Cardiovascular Lab.

After 38+ years at a single institution, I do make a decent salary. as my husband says it's to compensate for treating us like crap. How many times have you had to wait to go to the bathroom because your patient needs you, missed your lunch because there was no time or other staff? I work in a specialty area: Cardiovascular Lab. When I'm on call and called in at 1AM, 3 hrs later I want to get that patient in a bed because I have to be at work in 2.5 hrs for my regular shift, the money doesn't help very much when I'm fighting sleep on the drive home.

Nurses don't make big bucks but what we do make we earn every penny!

In Canada, nursing is unionized across the country. Even non-union positions pay well in order to be competitive. With the exception of Quebec, nurses average 75-85 thousand per year, excluding overtime.

I've heard other Canadian nurses say something similar, yet many Canadian nurses come to the US to work. Why is that? They can't all be from Quebec.

I agree with you...

This has long been a pet-peeve of mine. We as nurses, who

work with the sick and injured, we save lives, but we are paid

so much less than so many others. People who work in the tire

building plant. Those who work in a steel mill. My biggest pet peeve:

sports-figures who throw or bounce balls and get paid mega-millions

to play ball. That is SO WRONG!!!!

i just told my future daughter-in-law that today, as she was telling me of her friends in nursing school because "it's good money, easily made". I'm afraid she'll now wonder if the insanity is hereditary due to my laughing hysterically at that and saying, "yes, it's easy - as long as you don't mind a little poop and vomit with dinner"