How I Made $93,000 My First Year of Nursing

The in's and out's of how I made almost $93,000 my first year Nurses Career Support Article

So a lot of you are wondering what your compensation will be following nursing school. I can't speak for each state but in Texas, nurses are paid very well, combine that with an unrelenting passion and proficient skills set, it's money in the bank. (BTW I didn't go to school for grammar and I'm notorious for extra commas)

So, where I started working right out of school in July 2017 nurses are paid $24.25 an hour, I started in an ICU. I don't count the full year of 2017 since I was a tech making $11.70 an hour for more than half a year and by the end of the year without OT I made $45,000.

In 2018 however, my first two checks were >$5,000 after taxes. How?

Well, my base was $24.25, my hospital gives $1.00 raise every six months for the ~3 years for residents plus your annual increase. So after six months, I was making $26 something. I work nights so that is automatically and extra $3.25 per hour for the first four hours of your shift and then an extra $4 per hours for the next 8. So right off the bat, I was making at ~$30 an hours. I worked weekends so my job gives another $6.50 an hour for weekends, so guess what? I worked on weekends. So just for my differentials + base, I was averaging $36 an hour for 36 hours a week. There is always overtime and I only picked up when they offered $10 dollar bonus, which means they tack on another $10 an hour on top of my base, differentials and time and 1/2. I picked up an extra 1-3 shifts a week and for holidays they automatically pay time and 1/2. When you are in overtime and already getting paid time and a 1/2, plus holiday pay + base + differentials + bonus, that's money in the bank because you are getting double base pay plus everything else.

Although, I will disclose I had no children and no pets so I was only obligated to myself and my bills lmao. If you have a family or other familial responsibilities it can be difficult unless you have a dedicated partner or support system whom/who are sympathetic to your financial goals. Also, some people love nursing and some people find out it is not for them, I am definitely one of those people who absolutely love my team (physicians, RTs, fellow nurses, social workers, administration, NPs, just everyone) and my profession. I had people who were willing to teach (nurses who were/are 30+ years in the game) as well as a younger nurse who knew the new tricks of the trade. I was never unsafe, for instance, I inquired with my manager about all my OT shifts and she agreed to cancel me if I didn't feel rested enough to work because I was doing the hospital a favor. Your environment has a lot to do with your work satisfaction. I don't mean to rant BTW I'm just telling you all my truth. I never felt burned out and took a 2 1/2 to almost full month vacation every 3 months. I've been to Germany twice, Hawaii, traveled to various parts of the country. Now that I have an extensive skill set, I travel but I still keep my job at my first hospital. I probably will never leave haha

I never imagined making almost 6 figures as a brand new nurse and if I can do it, so can you!

Specializes in Perioperative / RN Circulator.

This thread made me think of a compensation question. Is overtime differential (time and a half) calculated on base pay before other differentials and bonuses, or after everything else is totaled?

I remember thinking how much I was going to make a pay period I worked a bunch of OT plus night/weekend shift differential plus bonus for coming in when they were short staffed, plus certain units (eg LTC-TBI) require additional certification and get extra money. Then I looked at my paystub online and saw they took my base pay, added overtime, then added everything else.

Is the the correct way to do it?

Specializes in Med-Surg, NICU.
On 4/13/2019 at 5:40 PM, Silver_Rik said:

This thread made me think of a compensation question. Is overtime differential (time and a half) calculated on base pay before other differentials and bonuses, or after everything else is totaled?

I remember thinking how much I was going to make a pay period I worked a bunch of OT plus nighf/weekend shift differential plus bonus for coming in when they were short staffed, plus certain units (eg LTC-TBI) require additional certification and get extra money. Then I looked at my paystub online and saw they took my base pay, added overtime, then added everything else.

Is the the correct way to do it?

So if you make 20 per hour, your overtime rate is 30. Then you would add differentials and bonus. But your OT base rate would be 1.5 times your normal rate.

Specializes in NICU.

Good for you but can you keep this up for 30+ years?I do not think so,I do not consider Texas pay great,but you did what many of us do,working the higher pay shifts,nights,weekends ,holidays.I hope you use the money wisely ,paying off debt,and investing to lower your taxable base with a 403b,or 401k if your employer has that option,age has a way of creeping up on all of us and that nice fully loaded car does not help pay bills or secure your future.I also suggest aflac and short term disability plan in addition to the one provided by job,long term disability insurance is an option that will usually pay 60% of your salary if disabled longer than 60 days,but it does get expensive once you hit 50.

Enjoy some of it and save the rest.

Specializes in Perioperative / RN Circulator.
8 minutes ago, ThePrincessBride said:

So if you make 20 per hour, your overtime rate is 30. Then you would add differentials and bonus. But your OT base rate would be 1.5 times your normal rate.

Thanks. I figured that they had it right but wasn't sure

Specializes in ICU.
On 4/13/2019 at 6:12 PM, Leader25 said:

Good for you but can you keep this up for 30+ years?I do not think so,I do not consider Texas pay great,but you did what many of us do,working the higher pay shifts,nights,weekends ,holidays.I hope you use the money wisely ,paying off debt,and investing to lower your taxable base with a 403b,or 401k if your employer has that option,age has a way of creeping up on all of us and that nice fully loaded car does not help pay bills or secure your future.I also suggest aflac and short term disability plan in addition to the one provided by job,long term disability insurance is an option that will usually pay 60% of your salary if disabled longer than 60 days,but it does get expensive once you hit 50.

Enjoy some of it and save the rest.

I don’t think the poster intends to keep working like she does forever. She’s just sharing how a new nurse can roll in money.

a friend once worked in north Texas. She worked for a health system that sounds exactly like the OP. She was per diem 35 an hour did some nights and weekend for differential 42. She would get 10 bonus per hour. Then they would offer automatic OT 1.5 pay regardless if you have only work 12 hours. $78 an hour. Same incentive were offered to staff rns.

texas pay is not the best or worst but u can find system that offer really good pay and benefits. . A new grad making 93k In Texas is far more impressive than anything in California. Not sure why CA RNs are posting due to you having a higher taxes, rent,or mortgage. CA nurses, Texas has no income tax.

Where do you work? I have been looking at relocating to Texas once I finish nursing school. I have looked at Austin and Dallas, they seem to be fun places to live.

Specializes in ICU.
4 hours ago, VCstudent said:

Where do you work? I have been looking at relocating to Texas once I finish nursing school. I have looked at Austin and Dallas, they seem to be fun places to live.

Dallas I’m guessing. At least that is where my friend was. Houston pays good. Austin does not, Toooo desirable

HOW WERE YOU ABLE TO TRAVEL SO MUCH?! THAT'S AMAZING!!!!

No but really- did they actually give you that much time off every few months? Is that a thing?!

Specializes in ICU/CVICU.

It's me again, I live in Texas and when I started my rent was 550 a month. So for my region this is wicked great for a brand new nurse! If this gives anyone context, in California you can make a killing but the rent I heard is super high! I also paid off a significant amount of my debt and I know I cant keep this up forever so i started investing and my husband and I are going to start our own business soon! And hell yea your PTO adds up and my administration loves avoiding nurse burnout. At the very least I was given 15 days off in a row. My brother lives in Germany so I would work the first days of the pay period and the last last days of the next pay period take 72 hours of PTO and would have 22 days off at minimum. I would buy a 450 dollar round trip direct flight to Germany (I planned my time off months in advance so I could get thr cheapest tickets) and hop on a plain right after work and sleep on my flight. It also helps avoiding jet lag Haha. Spend two weeks with my brother and his wife and come home. One time I actually got off the plane and slept for a while and went to work that night! Remember I also have no kids so I can do stuff like this on the cheap.

Specializes in ICU/CVICU.
On 4/15/2019 at 9:14 AM, VCstudent said:

Where do you work? I have been looking at relocating to Texas once I finish nursing school. I have looked at Austin and Dallas, they seem to be fun places to

On 4/15/2019 at 1:47 PM, Wolf at the Door said:

Dallas I’m guessing. At least that is where my friend was. Houston pays good. Austin does not, Toooo desirable

Yes! If you are a brand new nurse nd wanting to come to Texas, I would recommend a big hospital in Dallas to get a massive amount of skills. You will be running almost very night but you will he thankful if you ever decide to go to a smaller hospital.

Specializes in ICU/CVICU.
On 4/13/2019 at 5:40 PM, Silver_Rik said:

This thread made me think of a compensation question. Is overtime differential (time and a half) calculated on base pay before other differentials and bonuses, or after everything else is totaled?

I remember thinking how much I was going to make a pay period I worked a bunch of OT plus nighf/weekend shift differential plus bonus for coming in when they were short staffed, plus certain units (eg LTC-TBI) require additional certification and get extra money. Then I looked at my paystub online and saw they took my base pay, added overtime, then added everything else.

Is the the correct way to do it?

Honestly is still haven't figured this out. It seemed my rate differed each time. I think differential pay a role but idk I just know my OT payrate was always more than what i calculated.