Is the compensation worth it?

Specialties NP

Published

I'm the sole wage earner in my family. My RN salary is fair by a lot of standards but with a husband, three children (who eat like horses) and one due in 1.5 months...I don't see anything but tight times ahead as far as finances go.

I'm working on a BSN program at this time and don't have a lot left to go before I'm finished. I'm getting the BSN only as a stepping stone to go to NP school. I've heard from some who are more familiar with NPs, though, that the financial compensation is very little (if any) more than they were making as staff RNs...is this true? I hear different things, so I don't know. I have heard NPs can easily make 80+K a year, but then I hear NPs can realistically only expect to make 45-50K plus the added stress of making medical decisions for people.

I was drawn to the idea of being a FNP for the autonomy and better wages. I know they say if it is the money you are after go to CRNA school but I do not have the aptitude for that.

Specializes in Education, FP, LNC, Forensics, ED, OB.

USP=unique selling potential;)

For ED call, I make $100/hour.

Six figure income with excellent benefits. But, as I pointed out above, that was after "selling" myself (you must have a USP) and years of experience.

By then the kids will be grown and I'll be too old for it to matter anyway.

That's usually the way the cookie crumbles, though.

Specializes in Nephrology, Cardiology, ER, ICU.

$70 is $70,000 per year.

The salary itself isn't the issue - its what you can live on that mattters. I live in rural central IL and my pay is very good.

Trauma, I took a pay cut from $60 to $41 and I'm starting to think I shouldn't have. Now I feel that even if I move to a 'higher paying job' the next employer will see the $41 and just try to top that. I'll still be behind.

How did you bargain for it? My current position lowballed me at $37 and I bargained up to $41.

It sounds like $55 was your company's 'lowball offer', how high did you bargain it?

The conversation was probably something along the lines of "Here is what I am capable of doing for your company, I need to make this much money or I walk" in nicer terms. What is the worse that can happen? You dont get hired? big deal like you want to take a crap paying job anyway?

Specializes in ER, HH, CTICU, corrections, cardiology, hospice.
$70 is $70,000 per year.

The salary itself isn't the issue - its what you can live on that mattters. I live in rural central IL and my pay is very good.

For a 2000 hour work year?

Specializes in Nephrology, Cardiology, ER, ICU.
Specializes in Med/Surg, Geri, Ortho, Telemetry, Psych.

Motorcyclemama, sounds like a hard decision to make. I hope you figure out what to do and find peace with it. This is one area I can give no advice on. I'm just not sure. Good luck.;)

Trauma, I took a pay cut from $60 to $41 and I'm starting to think I shouldn't have. Now I feel that even if I move to a 'higher paying job' the next employer will see the $41 and just try to top that. I'll still be behind.

How did you bargain for it? My current position lowballed me at $37 and I bargained up to $41.

It sounds like $55 was your company's 'lowball offer', how high did you bargain it?

You need to laugh at those offers so hospitals/doctors start learning that those are rediculous. Tell them you want a percentage of your billing.

I'm learning to play the gov't reimbursement game and I'll be in the $300K/yr ballpark soon. You just have to find where the money is and exploit it, unless you did this strictly to practice in a field you enjoy. The way I see it if they're going to take a bigger chunk of my paycheck in taxes, then I'm going to get back at them 10 fold (in a legal way, of course). I just want to make as much as I can in as little time as possible so I can enjoy my family and the things I like to do (golf, fish, hunt, travel, ......)

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