Avoid a Nursing Degree

  1. Surprising Degrees to AvoidA Bachelor of Science in Nursing is another one of those degrees that looks great at first glance, with a nice starting salary: the average starting pay is $52,700, which is in the top 20 of average starting salaries. A great choice, right? But by mid-career, most nurses will cap out at a salary not much higher than what they began with. The average mid-career income is $68,200, less than $16,000 more than the starting pay.

    Full Story: http://finance.yahoo.com/news/The-Co...266073243.html
  2. Visit FocusRN profile page

    About FocusRN

    Joined: Dec '04; Posts: 876; Likes: 445


  3. by   KimberlyRN89
    Maybe this will scare people from going to nursing school?

    Is anyone else annoyed by these "best degrees" articles?
  4. by   traumaRUs
    Saw this yesterday also. What I took away is that nursing is a flat market. There is not much growth from a beginning nurse to someone with ten yrs experience. We are talking salary only.

    What you have to factor in is how more education will bring you more money.
  5. by   Trenia
    This is all based on salaries. Yawn.
    Last edit by Trenia on Jul 9, '11
  6. by   NickiLaughs
    *Shrugs* I'm still hoping to just open a hot dog stand someday. Job satisfaction!
  7. by   CCRNDiva
    I agree with the article. My wages have basically been flat for the last 3 yrs while the starting wage for new RNs increases each yr in our area. Many new RNs are within $1-$2/hr of my current wage with 7yrs experience. The odd thing is that the gap between my wage and RNs w/10-15+ yrs of experience is quite wide, >$10/hr because hospitals in our are changed the salary range/structure about 10 yrs ago. The clinical ladder was eliminated so the top tier RNs are now maxed out on the payscale and the new payscale was designed so that RNs like me will never reach the top tier wages. So the older RNs have seen larger increases in their wages during their career than us newer RNs will ever see.

    The only way I can really increase my wages is to go back to school or move to a better paying area. Job promotions are not much of an option because the diploma RNs and baby boomer RNs have most of the management gigs locked down in our are and they aren't leaving any time soon.
  8. by   MadpeysRN
    68K is a lot of money.....for me I could live and be more than happy off that income.
    However, nurses fear demanding more pay for seeming not altruistic. That's bull.
    Nurses should be paid what they are worth-and that's a lot since you do most of the work, and share a good peice of the responsibility pie.
    However again, nurses can't do that because ........well, read my other posts-too much to type that soap box again.
  9. by   Nascar nurse
    I realize the article refers to a BSN and I only have an ASN but anyways.

    198X - Graduated as an LPN and made $6.75/hr. Currently a RN (ASN) making nearly $34/hr. They tried to tell me back in the 80's not to go for that LPN, it was being phased out. Later they tried to tell me I was wasting time on an ASN, I would need a BSN.

    Whatever! I'm doing just fine, very happy where I am and very proud of how far I have come despite the naysayers.
  10. by   martymoose
    BSN may not pay more, but the possible opportunity to get out of g*d awful hospital nursing is certainly an incentive for me.
  11. by   Derek1975
    Weird. I figured the BEST route would be to get a BSN which gives you more opportunity (the ER I volunteer in won't even look at you unless you're a BSN nurse) and it means more educational opportunity if you DO feel like you're stuck somewhere. Nurse Practitioner and CRNA are just two examples. Not to mention the school I'll be attending for LPN is dropping their ADN program (!!) and adding BSN classes.
  12. by   DoGoodThenGo
    It has often been discussed here that many places do not pay *that* much more for a BSN versus ADN or diploma grad. So it makes sense that even as hospitals and healthcare systems may be pushing to go towards all four year degree grads, they aren't paying them more, just getting shot of the others.

    Historically nursing has never paid that well, but at least one was able to move up the clinical ladder and or got raises simply by staying at one place long enough. This allowed you to make *decent* money (nothing luxurious I can assure you, but good chick money). The managed care and merger craze of the 1980s stopped all that when management began firing senior nurses simply because they were making too much money. In their place were brought in new grads whom were paid less. When that model didn't work pay began to increase to attract more bodies and ease the "nursing shortage" that supposedly exsisted.

    Here in NYC starting salary of $71K or so for a two year college degree (ADN grads) is pretty good by anyone's measure. However BSN new grads only pull slightly more on average and over the course of their working career the later often trails behind other majors. One should hope that after 20 or 30 years of working you could retire at something well north of $120K per year, but that often does not happen.

    You also have to figure that nursing is still mainly a female dominated profession and many have gaps in their careers due to taking time out for marriage/raising children. Then there are is the fact often when one leaves one hospital for whatever reason there goes your senority and often wage security. Hopefully your new gig (if you can find one) will match or equal what you were paid before, but that isn't always a given.

    The above OP gives credence to what is often said here by experienced nurses, having a BSN is all fine and well but it does not translate into that much difference in pay and or other conditions on the ground. A four year college degree is useful if one wishes to get out of nursing though.
  13. by   SummitRN
    They are not saying that a BSN is bad vs diploma or ADN. They are saying nursing is not financially rosy long term versus other career fields you can go into with a 4 year degree (eg engineering).
  14. by   DoGoodThenGo
    Quote from SummitAP
    They are not saying that a BSN is bad vs diploma or ADN. They are saying nursing is not financially rosy long term versus other career fields you can go into with a 4 year degree (eg engineering).
    Maybe my post wasn't clear, that is what am saying.

    As things stand on the ground a nurse is a nurse is a nurse, thus there is little financial incentive to persue a BSN when you consider the cost versus lifetime benefits. Again speaking strictly if one chooses to remain at the bedside. Should the BSN fit into your plan as a spring board into something else down the line that is a whole other kettle of fish.