The demand and supply can shift easily within a year or two. I was in another heatlhcare field and experienced the result of free market education. The schools
increase the enrollment based on the perceived
demand. Yes, it may seem to be
good now. But who know what it will be within the next few years..
My school just suddenly increased the enrollment for psych NP by 50%. Will there be jobs for that 50% of graduating class in the next 2 years? I am not sure. When the number of Psych NP graduates was increased to be the same as FNPs, I will make a plan to switch career or to other specialties. Logically speaking, psych NP openings still represent a very small
percentage of all NP/APRN jobs. That's why all generalists like FNP grads I know still get jobs despite having higher number of new grads. The only
reason we can still get jobs is because Psych NP grads are still
kept at that small percentage.
Remember that we are also competing with PAs. Right now PA has minimal training in psych. Once the post-master psychiatric fellowships for PAs are more well-established, it will be harder for Psych NPs to find jobs.... We'll be competing with PAs like FNPs. So 2-3 years from now.. Things can change... Nothing is forever... so remember about the supply as well
not just the demand.. it is not ethical for me to discourage people to go into the field but I am just trying to play devil's advocate... I don't want people to get too invested on high cost private
school education when there is a chance that the return of investment may not be as great as they think.. I saw it happened with other fields..