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 ICU/CVICU.
On 4/11/2019 at 2:42 PM, DavidKatz said:

Congratulations on your ingenuity. I agree that working OT can increase your salary, but everything is relative. Starting salary at my facility is well above yours, but I am in the Northeast. I have significantly more experience, and I earn significantly more than you with all the overtime, but cost of living is a factor in salary. I agree with the prior reply that you should save for the future. I would also suggest you don't work yourself until you burn out. Nursing is a stressful and physical job.

That's okay my rent was 550 when I started. Bank bro!

Specializes in ICU.
On 4/11/2019 at 12:42 PM, DavidKatz said:

Congratulations on your ingenuity. I agree that working OT can increase your salary, but everything is relative. Starting salary at my facility is well above yours, but I am in the Northeast. I have significantly more experience, and I earn significantly more than you with all the overtime, but cost of living is a factor in salary. I agree with the prior reply that you should save for the future. I would also suggest you don't work yourself until you burn out. Nursing is a stressful and physical job.

I’m not understanding this response. Hater talk to me. Y mention your job, your pay, your exp is adding what to this thread? Why was that significantly import to include. Northeast is full of snow crap weather for like 8 months a year. Texas weather is unbearable.

I think the the thread needs to be shut down. Too many negative comments. You all need to be more happy people are actually making money in nursing.

On 4/11/2019 at 5:12 PM, NRSKarenRN said:

Nurses should also sock money away in a 401K or 403b, especially if workplace offers match to these accounts ---hidden money people don't think about.

My health system matched .50 cents for every dollar I added, increased to .60 cents after 15 years, match is up to 6% of salary --- I now have ~200, 000 in 403b, in addition to my future pension for retirement.

Here's how much you can sock away toward retirement in 2019

New nurses, please do this if possible. You will be so glad you did later in life!

Specializes in Operating Room.
On 4/11/2019 at 9:30 AM, acc1223 said:
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.

Thanks for sharing your experience. You mentioned that you "travel" now. How many years of experience you had before you decided to start traveling?

Specializes in ICU.
1 hour ago, pjlovesnursing said:

Thanks for sharing your experience. You mentioned that you "travel" now. How many years of experience you had before you decided to start traveling?

Travel for trips not as a travel nurse.

Specializes in Operating Room.
On 4/29/2019 at 2:41 PM, Wolf at the Door said:

Travel for trips not as a travel nurse.

Awesome, even better.

I will be attending nursing school in Dallas this fall! What hospital were you working at? What do you recommend I should look for in a hospital to get this kind of experience?