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 Case mgmt., rehab, (CRRN), LTC & psych.
Nurses have many more oppurtunities to branch out than the common worker, becoming a true White collar worker. But it requires more schooling as does every other field.
Actually, I'm acquainted with multiple nurses who have been able to get promoted to 'white collar' positions in administration that pay more than $100,000 yearly with only associate degrees in nursing. They happened to be in the right place at the right time. They also possess impeccable soft skills and are great at interpersonal communication. They also had connections and/or knew the right people.

My former DON (director of nursing) has only been a nurse since 2006 and has an associates degree. After working a weekend double option at a local nursing home, she was promoted to the DON position when the previous DON quit abruptly during a terrible state survey. My former DON has been in upper management ever since.

I know of another RN with an associates degree who has a lucrative position as a corporate nurse with a six-figure salary. My friend is a director of staff development at a LTC facility owned by a national hospital chain and earns $40 hourly ($83,200 annually) with an associates degree.

Specializes in Adult/Ped Emergency and Trauma.

I love seeing all the entrepreneurs in Nursing, I wish I had the guts to start a small business:)

Specializes in CVICU.
Actually, I'm acquainted with multiple nurses who have been able to get promoted to 'white collar' positions in administration that pay more than $100,000 yearly with only associate degrees in nursing. They happened to be in the right place at the right time. They also possess impeccable soft skills and are great at interpersonal communication. They also had connections and/or knew the right people.

My former DON (director of nursing) has only been a nurse since 2006 and has an associates degree. After working a weekend double option at a local nursing home, she was promoted to the DON position when the previous DON quit abruptly during a terrible state survey. My former DON has been in upper management ever since.

I know of another RN with an associates degree who has a lucrative position as a corporate nurse with a six-figure salary. My friend is a director of staff development at a LTC facility owned by a national hospital chain and earns $40 hourly ($83,200 annually) with an associates degree.

Yes I agree...I didn't want to start another debate that many are adamant about ;-)

But a higher degree is the EASIEST way to advance getting your foot in the door. Having an ASN means you have excel on every level vs the "credentails" of the higher degree.

I am a person with a 8th grade level education (before my ASN) that managed to make 65K a year working as an employee. There is no doubt it can be done with less education.

Same as hospitals where I live don't require a BSN to start, especially" Magnet" (there are 2 organizations that achieved "Magnet" in town and one is the lowest paying hospital in the city.)

But people are fully convinced that is the reason they don't get hired...not because of anything they did.

I know for a FACT both these hospitals hire ASN's nurses.

Actually, I'm acquainted with multiple nurses who have been able to get promoted to 'white collar' positions in administration that pay more than $100,000 yearly with only associate degrees in nursing. They happened to be in the right place atthe right time. They also possess impeccable soft skills and are great at interpersonal communication. They also had connections and/or knew the right people.My former DON (director of nursing)has only

been a nurse since 2006 and has an associates degree. After working a weekend double option at a local nursing home, she was promoted to the DON position when the previous DON quit abruptly during a terrible state survey. My former DON has been in upper management ever

since.I know of another RN with an associates degree who has a lucrative position as a corporate nurse with a six-figure salary. My friend is a director of staff development at a LTC facility owned by a national hospital chain and earns $40 hourly ($83,200 annually) with an associates degree.

Very true that advancement opportunities for ADNs in LTC are legion. In LTC there doesn't seem to be any distinction between degrees. I can't tell you how many times I see an ADN as DON while an experienced BSN pushes the med cart.

But I wonder: Is a DON really a "white collar" job? It seems more like a solidly nursing (and thus "pink collar") job to me.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.

The hospital I work for is part of a very large health care organization. The have "required" BSNs for nurse managers and supervisors for a long time, though there is no discrimination at the staff RN level.

Despite the "requirement" for a BSN there are a number of nurse managers in the faciliety who have ADNs only, some of them hired long after the "BSN only" for managers became the standard. The just proved themselves to be highly capable and have the skills needed.

I was offered a house supervisor job, a job I didn't apply for. The job "requires" a BSN but the hospital director told me it was for more important for them to get the "right" person in the job. They get around the BSN requirment by changing the name from "nursing supervisor" to "house charge". Exact same pay and responsibilities.

A couple years ago I was offered the CV surgery service line manager job at a hospital just starting a new open heart program. That organization requires a MSN for all their managers. They offered me the job, exact same job, same pay, same responsibilities but changed the name to "service line leader" thus eliminating the MSN requirment.

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And people that have been doing this for 30+ years need to realize it's the same in most ALL fields. And most everyone complains about the same things. Nurses have many more oppurtunities to branch out than the common worker, becoming a true White collar worker.

But it requires more schooling as does every other field.

I strongly disagree. I know plenty of people in other fields with four year and graduate degrees. Their salary progression has been substantially more than 2% per year. It's at least in part, due to the fact that nursing is not viewed as a profession. They are considered glorified blue collar workers. So often the "blue collar" nurses that are unionized get the better increases, but not always.

Also, you can EXCEL in the field and still be stagnate in salary. No real advancement is going to come without moving into graduate education, and even then, many NPs salaries are not that significantly higher than a number of nurses that function primarily as clinical nurses. It's almost impossible in a number of settings to get a decent merit raise. And of course, as is typical in all fields, there are those that know how to play the game, and they may well be less effective or less talented, etc, but they get promoted. I am all for merit raises if they were only applied equitably within these hospitals, but shoot. You are luck if you can get more objective evaluations for orientation and such. I mean this is a real issue for nursing IMHO--a major lack of more objective systems for evaluation across the board. Some places have developed more objective systems, but they have been rejected by administrations at other places, b/c it means rewarding people fairly, and it also means treating nurses as more than blue collar workers.

I completely understand numbers...she quoted $6 an hour at her workplace. That equals $12k a year.

And I have done payroll taxes many times. I think a better account is in need for some people.

Please share all the places that are increasing their nurses salaries by $6/hr/year or $12000/year. Not gonna find a lot of them. Now maybe you will find a percentage of say an increase of 2% per year--> @ $50,000 (0.02)= $ 1,000. @ $60,000 (0.02) = $1200. @ $70,000 (0.02) = $1400.

So 2% for any of those salaries does NOT come close to $12,000 increase per year. I think she meant overall increase of $6/hr, and NOT $6/hr per year. Huge difference.

Actually, I'm acquainted with multiple nurses who have been able to get promoted to 'white collar' positions in administration that pay more than $100,000 yearly with only associate degrees in nursing. They happened to be in the right place at the right time. They also possess impeccable soft skills and are great at interpersonal communication. They also had connections and/or knew the right people.

My former DON (director of nursing) has only been a nurse since 2006 and has an associates degree. After working a weekend double option at a local nursing home, she was promoted to the DON position when the previous DON quit abruptly during a terrible state survey. My former DON has been in upper management ever since.

I know of another RN with an associates degree who has a lucrative position as a corporate nurse with a six-figure salary. My friend is a director of staff development at a LTC facility owned by a national hospital chain and earns $40 hourly ($83,200 annually) with an associates degree.

You won't see this a lot in the hospital setting. Maybe in LTC, but not in hospitals.

Specializes in L&D, OR, postpartum, pedi, OBGYN clinic.

No I was implying that her thinking that we make all this awesome money and we can flaunt it and roll in the dough is a child's ways of thinking. She got the grow up part when she realized that "wow, as a nurse I really DON'T make all that great money because the government no longer helps me out, maybe I should have reseraced and looked into that first." People who get offended easily probably don't think through a statement and jump to conclusions that aren't there.

Specializes in Med/surg, Quality & Risk.

Yesterday I received a nice surprise when I learned that this year's new grad hire is earning $1.38 more an hour than I was earning as a "not-so-new" grad that was allegedly "credited with one year of nursing experience." I should have known when I was going PRN and my boss asked what my current rate was, and she immediately frowned and said "How long have you been a nurse?"

Specializes in Med/surg, Quality & Risk.
Actually, I'm acquainted with multiple nurses who have been able to get promoted to 'white collar' positions in administration that pay more than $100,000 yearly with only associate degrees in nursing. They happened to be in the right place at the right time. They also possess impeccable soft skills and are great at interpersonal communication. They also had connections and/or knew the right people.

To them I say, "Please. Teach me!"

Specializes in CVICU.
I strongly disagree. I know plenty of people in other fields with four year and graduate degrees. Their salary progression has been substantially more than 2% per year. It's at least in part, due to the fact that nursing is not viewed as a profession. They are considered glorified blue collar workers. So often the "blue collar" nurses that are unionized get the better increases, but not always.

Also, you can EXCEL in the field and still be stagnate in salary. No real advancement is going to come without moving into graduate education, and even then, many NPs salaries are not that significantly higher than a number of nurses that function primarily as clinical nurses. It's almost impossible in a number of settings to get a decent merit raise. And of course, as is typical in all fields, there are those that know how to play the game, and they may well be less effective or less talented, etc, but they get promoted. I am all for merit raises if they were only applied equitably within these hospitals, but shoot. You are luck if you can get more objective evaluations for orientation and such. I mean this is a real issue for nursing IMHO--a major lack of more objective systems for evaluation across the board. Some places have developed more objective systems, but they have been rejected by administrations at other places, b/c it means rewarding people fairly, and it also means treating nurses as more than blue collar workers.

Please share all the places that are increasing their nurses salaries by $6/hr/year or $12000/year. Not gonna find a lot of them. Now maybe you will find a percentage of say an increase of 2% per year--> @ $50,000 (0.02)= $ 1,000. @ $60,000 (0.02) = $1200. @ $70,000 (0.02) = $1400.

So 2% for any of those salaries does NOT come close to $12,000 increase per year. I think she meant overall increase of $6/hr, and NOT $6/hr per year. Huge difference.

Think maybe you could re-read you first paragraph... noting you know people with four year degrees and Grad degrees that excel in their salary. I'm closing in on 40 and have many years in business side of things along with being employed. I'm not new to the way this world works.

And she simply said the cap is $6 an hour, which if a nurse works there for 30 years or even 20 she will meet that $6 increase unless she decides to move and start all over again. And that was the disscussion about how nurses don't paid more even with 30 years experience. Not going to address this again as it is very simple what I was referencing. And also not going to bring up the progressive thinking nurses that I personally know that do not feel the same way as many here about wage increases.

I will point out that nurses on my wife's floor were complaining about getting pay decreases this past year, while she was getting an increase. While she never calls out, showing up more than 30 minutes early everyday, stays late when needed. And is the first one to always help other nurses when they are behind when 90% of the other nurses will sit at the nurses station trying to look busy when asked for help. What many people think are small things add up when you do them everyday, not just sometimes. Only you can increase your value over the next person...if you are doing what everyone else is doing...guess what? You are worth what everyone else is, you have to add value every way you can. Being average is not going to advance anyone....well maybe a few that "know people", but that is not always the case.

So many people feel it is not their fault they can't make more money and find other reasons why it can't be them, and it has to a conspiracy against them.

Specializes in L&D, OR, postpartum, pedi, OBGYN clinic.

Original post: She did not have "dispoable income" as a CNA. She was getting handouts from the govenment. Now she has a job that gives her enough to pay her own bills so I don't have too. Sorry, but that whole paragraph with the income breakdown is a big fat welcome to the real world and grow up.

Are you implying that people who work minimum or low wage jobs aren't "grown up" or living in the real world? That's incredibly offensive.

No your conclusion is wrong. I was implying that her thinking that we make all this awesome money and we can flaunt it and roll in the dough is a child's ways of thinking. She got the grow up part when she realized that "wow, as a nurse I really DON'T make all that great money because the government no longer helps me out, maybe I should have researched and looked into that first." People who get offended easily probably don't think through a statement and jump to conclusions that aren't there.