After graduation...what's the REAL story?

  1. Ok, so in the past I have heard about the "signing bonuses" that some new grads get when they sign on with a hospital as an RN. I will be graduating next fall with my BSN from a Dayton area school. I want to work in either the Dayton or Cincinnati area. So my question is, DO SIGNING BONUSES REALLY EXIST? If so, can I get a rough estimate of how much and how long you sign for? I am in school loan debt up to my ears and I am still holding out hope for some sort of bonus when I graduate to help pay off those loan!!!

    Any feedback is greatly appreciated! :spin:
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  2. 8 Comments

  3. by   Deb123j
    First off...congrats on your soon to be graduation!!! I myself just graduated last week from Kettering College of Medical Arts! Woo Hoo!!! Where do you go to school...if you don't mind my asking?
    I've looked about everywhere in the Dayton area regarding sign-on bonus' (well at least the hospitals). Everywhere is around 9-10K for 2-3 years. Kettering Medical Hospital and associated hospitals pays 9K for 3 years. And MVH and associated hospitals pay 10K for 2 years.
    Unfortunately not as much as I hoped...but what can you do??? :trout:
  4. by   KBoo
    Thanks Deb! I go to Wright State....counting down the days!

    Congrats on your graduation!!!!
  5. by   Deb123j
    Thanks! It's a very weird feeling to finally be done with school. Now on to the NCLEX!!!
  6. by   wbrantle
    I have a question about this: how do you get this Sign on bonus? Is it spread out over time? Or is it one lump sum when you start?
  7. by   Deb123j
    This is how it works at the hospital that I'll be working at, and it's pretty much the same at the other hospitals in the area.
    $10,000 sign on bonus (have to have proof of student loans)
    At the end of the 1st 6 months -- $5,000
    At the end of 1 year -- $2,500
    At the end of 2 years -- $2,500

    The only difference in the other hospitals is the amount of the sign on bonus ($9,000 & $9,500).
  8. by   FlyingScot
    But don't forget it's taxed to death. You'll still end up with something more than yo started but boy is it disappointing. Sorry if I sound negative but I remember being so excited about my sign-on and the fact that they payed moving expenses until I actually got the check.
  9. by   KBoo
    Quote from FlyingScot
    But don't forget it's taxed to death. You'll still end up with something more than yo started but boy is it disappointing. Sorry if I sound negative but I remember being so excited about my sign-on and the fact that they payed moving expenses until I actually got the check.
    You know I hadn't even thought about that...thanks for the heads up! I'd rather be forewarned now and know what I'm really looking at than get smacked in the face when I see what I end up with!

    Thanks flyingscot!
  10. by   4x4country
    okay so are these for RN's only, I will be a LPN and wondering if they apply, if they hire LPN ? Also Are the sign on bonus year round, like always there, or just luck of the draw when u hire. I notice that some places advertise bonus just some times when they really need nurses?

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