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 Med/surg, Quality & Risk.
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.

Now that would be one reason why I would resent having to get a BSN. If I'd spent the money and time getting the BSN, I'd be like "But I have the required degree and she doesn't!"

But I'll probably be the one who gets the "BSN required" job sitting here with my ASN....so many jobs like that are "right place right time." I mean, when I look at the help wanted ads, any remotely prestigious position that is widely advertised, I think, "So they couldn't get anyone in house to agree to a promotion? Must be something wrong with the job."

Specializes in Med/surg, Quality & Risk.
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.

For the record, the legal profession is the same way. Attorneys who had been practicing for 1-5 years found themselves making less than the new graduate attorneys who were just signing on board. Unfortunately the firms would have to provide teaser salaries to get the best grads to come work for them. And then their talents were promptly forgotten when considering annual raises...if anyone wonders, this is where all the "lack of employee loyalty" comes from. I mean in the legal profession it's embarrassing. These cases go on for 2 years even up to 10 years, and there are constantly these changes in the players of the game for each lawsuit.

I have diarrhea of the online mouth today. Forgive me.

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.

No offense, but I have no idea what you are talking about.

You are implying that many of us who have busted hump and continued education and regularly went the extra mile feel there is some imagined conspiracy therory that clinical nursing salaries are stagnate?

Really? Has your wife worked in the busiest pediatric and adult open heart and other critical care areas and been a nurse over 20 years? Sir, excuse me, but your reply is quite presumptuous and is quite the generalization.

About the salary increase. You stated specifically an INCREASE of $12,000 per year. Who do you know in clinical nursing that has not been promoted into management or the like that is getting increases of $12,000 per year? Who wouldn't want to know that? Again, there is a big difference between $1000 - $1400 per year and $12,000 increase per year. It's huge dude. If nurses were getting $12,000 PER YEAR increases, they'd be getting the salaries of a good number of physicians for heaven't sake. LOL

Don't generalize about nurses based on what your nurse wife has told you.

Also, it would be difficult for me to keep track of the upward salary movement of many I know in business. These increases have well exceeded 2% per year, even without bonuses. LOL

My point really was that there is a very harsh leveling off of nursing salaries, incomparable--markedly so--with may other professions--teaching, business, shoot even a fair number of paralegals I know.

Nurses are not making jumps to $10,000 plus, depending on region/area, unless they are 1. Work more the one job or lots of OT (not finding that like it used to be). 2. Move into mgt. 3. Go back to school and then hopefully landing a decent position as some form of advance practice nurse. 4. Go into pharmaceutical sales or medical device sales and doing well. 5. Become a nurse entrepreneur--tough to do in this economy, and that will only get tougher in the next several years. 6. Go to law school, PA school, or med school, and then you have a boatload of incredibly HIGH student loans on which to pay. 7 Continue in nursing education to get on track at a university for professorship, which takes a while and getting published has become the standard. 8. Get some strong clinical experience in various subspecialties and be willing to move frequently for travel nursing positions--where they usually work > 40 hours per week in order to really collect some bank. (The big caveats there: Strong clinical experience and good softskills (b/c travellers get dumped on in the various hospitals they are temporarily assigned), and being willing to relocate every 8 to 13 to 26 weeks as in necessary.)

Over the years, I have known some EXCELLENT nurses that left nursing for other fields or occupations. One bought a food truck and was making a nice living--that far exceeded her professional nursing salary--selling luncheon items in the city of her lunch truck. A couple became bar tenders and did very well--with tips, topped their nurses' salaries. Others openned their own agencies, but, again, small businesses are in trouble in this country b/c of the tax climate and other demands--some survived others didn't. A number of them even became their own independent contractors. (This takes some know how, networking, and luck.)

Listen, even many police and fire personnel get > 5 % increases per year, and if they drop to say 2.5%, it comes back up and it's still better than what nurses get in increases per year.

I don't mean to take umbrage with your opinions, to which you are fully entitled, but you are making lots of generalizations.

Give it time. You will see that your wife will not make increases in line with most other professions. Nurses may start out making an alright salary, but it stays down, and hospitals know that they have to keep it down, b/c costs are so high, and nurses make up the bulk of the employee payroll.

Also, once again, places often do not employ more objective measures for merit-based raises; and it becomes a problem with nurses.

For the record, the legal profession is the same way. Attorneys who had been practicing for 1-5 years found themselves making less than the new graduate attorneys who were just signing on board. Unfortunately the firms would have to provide teaser salaries to get the best grads to come work for them. And then their talents were promptly forgotten when considering annual raises...if anyone wonders, this is where all the "lack of employee loyalty" comes from. I mean in the legal profession it's embarrassing. These cases go on for 2 years even up to 10 years, and there are constantly these changes in the players of the game for each lawsuit.

I have diarrhea of the online mouth today. Forgive me.

Depends on the kind of law you practice and a number of other factors. Generally speaking, the harder you are willing to work, the greater potential for income. That goes too in nursing, but there is this harsh leveling off with experience and effort. Nurses are glorified blue collar workers. I don't feel that way personally; but how they are often treated in this and other regards pretty much shows this.

Specializes in CVICU.
No offense, but I have no idea what you are talking about.

You are implying that many of us who have busted hump and continued education and regularly went the extra mile feel there is some conspiracy that clinical nursing salaries are stagnate?

Really? Has your wife worked in the busiest pediatric and adult open heart and other critical care areas and been a nurse over 20 years? Sir, excuse me, but your reply is quite presumptuous and is quite the generalization.

About the salary increase. You stated specifically an INCREASE of $12,000 per year. Who do you know in clinical nursing that has not been promoted into management or the like that is getting increases of $12,000 per year? Who wouldn't want to know that? Again, there is a big difference between $1000 - $1400 per year. It's huge dude. If nurses were get $12,000 PER YEAR increases, they'd be getting the salaries of a good number of physicians for heaven't sake. LOL

Don't generalize about nurses based on what your nurse wife has told you.

Also, it would be difficult for me to keep track of the upward salary movement of many I know in business. Doesn't come close to 2% per year. LOL

My point really was that there is a very harsh leveling off of nursing salaries, incomparabl--markedly so, with may other professions--teaching, business, shoot even a fair number of paralegals I know. You are not making jumps to $10,000 plus, depending on region/area, unless you are 1. working more the one job or lots of OT (not finding that like it used to be). 2. Moving into mgt. 3. Going back to school and then hopefully landing a decent position as some form of advance practice nurse. 4. Go into pharmaceutical sales. 5. Become a nurse entrepreneur--tough to do in this economy, and will only get tougher in the next several years. 6. Go to law school, PA school, or med school, and then you have a boatload of incredibly HIGH student loans on which to pay. 7 Continue education to get on track at a university for professorship, which takes a while and getting published has become the standard. 8. Get some strong clinical experience in various subspecialties and be willing to move frequently for travel nursing positions--where they usually work > 40 hours per week in order to really collect some bank. The big caveats there: Strong clinical experience and good softskills (b/c travellers get dumped on in the various hospitals they are temporarily assigned), being willing to relocate every 8 to 13 to 26 weeks.

Over the years, I have known some EXCELLENT nurses that left nursing for other fields or occupations. One bought a food truck and was making a nice living selling luncheon items in the city. A couple became bar tenders and did very well. Others openned their own agencies, but, again, small businesses are in trouble in this country b/c of the tax climate and other demands. A number of them even became their own independent contractors. This takes some know how, networking, and luck.

Listen, even many police and fire personnel get > 5 % increases per year, and if they drop to say 2.5, it comes back up and still is better than what nurses get.

I don't mean to take umbrage with your opinions, to which you are fully entitled, but you are making lots of generalizations. Give it time. You will see that your wife will not make increases in line with most other professions. Nurses may start out making an alright salary, but it stays down, and hospitals know that they have to keep it down, b/c costs are so high, and nurses make up the bulk of the employee payroll. Also, once again, places often do not employ more objective measures for merit-based raises; and it becomes a problem with nurses.

You honestly thought I meant an $12K increase each year? Really??

I genaralize the American culture as a whole, not spefically nurses. Even thoough they fall in the same catagory from what I've personally witnessed. Along with my wife experiences.

Trust me I've heard the " I have 30 years experience" so many times it's sickening. All the while in few years becoming their supervisor.

And the whole "you'll see" gets old also. Your not talking to a spoiled young rich kid. I just a guy that always goes above and beyond in everything I do. I'm sure I "will see".

And LOL at comparing Government wage increases...wonder why your country is such debt? That's one of the reasons.

I just want to make clear I will completely happy making 75-80K a year (and I will). As I have made over 100K (gross) working for myself.

Don't expect to get rich, and not gonna complain about making 50% more than the national median household salary.

You honestly thought I meant an $12K increase each year? Really??

For your reading pleasure:

I understand...just a general statement. You said $6 an hour...that equals roughly $12K a year more, so that is not terrible, for being a floor nurse getting paid an extra 12K a year for experience with no more requirements demands of you than the New Grad.

I genaralize the American culture as a whole, not spefically nurses. Even thoough they fall in the same catagory from what I've personally witnessed. Along with my wife experiences.

Trust me I've heard the " I have 30 years experience" so many times it's sickening. All the while in few years becoming their supervisor.

And the whole "you'll see" gets old also. Your not talking to a spoiled young rich kid. I just a guy that always goes above and beyond in everything I do. I'm sure I "will see"..

Yes, an I suppose my nurse colleagues and I have NOT regularly gone above and beyond. Way presumptuous. That strikes as well, honestly, arrogant that you would intimate that you and yours go above and beyond and others do not. LOL Seriously.

And LOL at comparing Government wage increases...wonder why your country is such debt? That's one of the reasons.

I just want to make clear I will completely happy making 75-80K a year (and I will). As I have made over 100K (gross) working for myself.

Don't expect to get rich, and not gonna complain about making 50% more than the national median household salary.

1. Your statement reminds me of another way nurses can make above the miniscule increases--that's if you work in a VA hospital and get boarded. Those people do get increases about the private sector for sure. My mother worked for VA, w/o a BSN and made $40,000 more in terms of yearly salary than those with higher degrees and strong experience. Between their boarding process and the superior increases, and staying within the VA, well, a strong number of RNs in northeastern VA hospitals are making $85,000 and over $100,000 without, yes, that is right, without advance practice degrees. If you can put up with all the nonsense at these hospitals, you can retire nicely. She certainly did. Her colleagues will attest to this at well. In fact, there is one lady at the VA in her 80's, and she is making well over $100,000, and for some strange reason, you won't use her retirement, which would be fine, but she has no (husband or children) in which to leave her pension to, so you wonder what's up with that.

2. As I said in the very beginning of my posts in this thread, I knew what nursing was about going in--eyes wide open. You'd have to be a fool IMHO to go into nursing for money or any thought of prestige. You go in b/c of the kind of work you are doing in terms of know how, advocacy, continuing education, patient and family support. If you heart isn't in it, it will be sheer tortue working as a nurse in many areas. Heck, even if you do love, there are many days/nights/years when it will be hellish.

If you made greater than six figures working for yourself, think long and hard before going into nursing. LOL.

Just remember too, you have to be able to get a job. You'd be smart to go BSN too. Hospitals have severely restricted hiring. They have their bottom line with which to deal. It is what it is.

Out of school, be prepared to make low $60,000s in home care or LTC until you can land a hospital position, which has its own set of trials. Pretty sure travelling nursing will not be open to you until you get some strong acute/critical care experience.

Our country is indebt because of entitlements and massive government spending under both the former and present administrations. Our GDP has dropped substantially, and we are now looking toward 2014 with the development of serious hyperinflation.

Once again, eroc, b/c you keep missing it, my position is that nurses are not gradated decently in terms of increases, both for cost of living and truly merit-based raises. Someone else said it, pretty much, it has always been this way. Teachers do much better in this regard, as do many others.

Good luck to you.

Specializes in geriatrics.

Also, consider this: just how much is a life worth? When people make comparisons about nursing and "similar" occupations....well unless you're referring to another occupation within the health care arena, it isn't the same at all. Nurses and other health care professionals deserve every cent they earn, and then some. Most other fields are not concerned with promoting health and saving lives.

Specializes in CVICU.
For your reading pleasure:

Yes, an I suppose my nurse colleagues and I have NOT regularly gone above and beyond. Way presumptuous. That strikes as well, honestly, arrogant that you would intimate that you and yours go above and beyond and others do not. LOL Seriously.

1. Your statement reminds me of another way nurses can make above the miniscule increases--that's if you work in a VA hospital and get boarded. Those people do get increases about the private sector for sure. My mother worked for VA, w/o a BSN and made $40,000 more in terms of yearly salary than those with higher degrees and strong experience. Between their boarding process and the superior increases, and staying within the VA, well, a strong number of RNs in northeastern VA hospitals are making $85,000 and over $100,000 without, yes, that is right, without advance practice degrees. If you can put up with all the nonsense at these hospitals, you can retire nicely. She certainly did. Her colleagues will attest to this at well. In fact, there is one lady at the VA in her 80's, and she is making well over $100,000, and for some strange reason, you won't use her retirement, which would be fine, but she has no (husband or children) in which to leave her pension to, so you wonder what's up with that.

2. As I said in the very beginning of my posts in this thread, I knew what nursing was about going in--eyes wide open. You'd have to be a fool IMHO to go into nursing for money or any thought of prestige. You go in b/c of the kind of work you are doing in terms of know how, advocacy, continuing education, patient and family support. If you heart isn't in it, it will be sheer tortue working as a nurse in many areas. Heck, even if you do love, there are many days/nights/years when it will be hellish.

If you made greater than six figures working for yourself, think long and hard before going into nursing. LOL.

Just remember too, you have to be able to get a job. You'd be smart to go BSN too. Hospitals have severely restricted hiring. They have their bottom line with which to deal. It is what it is.

Out of school, be prepared to make low $60,000s in home care or LTC until you can land a hospital position, which has its own set of trials. Pretty sure travelling nursing will not be open to you until you get some strong acute/critical care experience.

Our country is indebt because of entitlements and massive government spending under both the former and present administrations. Our GDP has dropped substantially, and we are now looking toward 2014 with the development of serious hyperinflation.

Once again, eroc, b/c you keep missing it, my position is that nurses are not gradated decently in terms of increases, both for cost of living and truly merit-based raises. Someone else said it, pretty much, it has always been this way. Teachers do much better in this regard, as do many others.

Good luck to you.

I've already been offered a position in a hospital. (presumimg too I see)

Of all people, I know talking isn't worth anything.....only results.

I've already been offered a position in a hospital. (presumimg too I see)

Of all people, I know talking isn't worth anything.....only results.

Regardless, I wish you the best. How much more of school do you have, and are you completing a BSN? Do you have an idea as to the area in which you want to work? Also, is the hospital unionized?

I think people can certainly survive on the salary of a nurse, I just wish nurses were better compensated for their years of service, growing expertise, and given proper merit analysis. Also a lot depends on where you live and the cost of living. Where I live, it's getting totally ridiculous.

Specializes in CVICU.
Regardless, I wish you the best. How much more of school do you have, and are you completing a BSN? Do you have an idea as to the area in which you want to work? Also, is the hospital unionized?

I think people can certainly survive on the salary of a nurse, I just wish nurses were better compensated for their years of service, growing expertise, and given proper merit analysis. Also a lot depends on where you live and the cost of living. Where I live, it's getting totally ridiculous.

I'm taking my N-clex in two weeks. Will start my BSN in the summer. (online) Plan on getting DNP (My GPA is pretty high)

Not unionized...there is only onehospital here in town that is. Telemetry to start. Cost of living is low here..compared to most places.

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

Any competent RN can make $100K+/year not counting OT. Of course it would involve doing things most don't wish to do, primarily relocating but also working nights and half or more weekend.

Specializes in geriatrics.

I work permanent nights, which amounts to 10 k extra per year. I probably won't stay on nights forever, but I enjoy the shift and the extra money.

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