Income potential as private practice nurse practitioner?

angelalala · Mar 31, 2012

I am a nursing student and have been thinking about becoming a nurse practitioner. If I worked in a private practice, what would be a resonable expectation of income? Since I am starting late in life and may only work 10-15 years, would it be worth it financially to start a private practice rather than just working in a hospital or doctors office? Should a nurse practitioner work for at least a few years in a medical establishment with a salaried position in order to get experience before starting private practice? Thank you for the answers!

I don't know about the financial benefits, but I, personally, as a patient, would not choose a provider with no experience if I had any other choice.

Tinabeanrn · Mar 31, 2012

I think if you are only planning on working for 10 to 15 years it may be more beneficial to work for someone or a hospital. Because I would think you would need about 5 years of experience before your going to be comfortable enough to start your own practice. Unless you team up with a more experienced provider because you will need someone to bounce ideas off of and to ask for advice.

Palliative Care, DNP · Apr 2, 2012

I'm sorry but I believe you are jumping the gun totally. If you are a nursing student then you should be focused on becoming a NURSE. Then you can worry about how to increase you salary for another 10-15 years.....just my :twocents:

Neyerm1 · Jul 6, 2012

I disagree completely! It's important never to stop improving yourself and reach your potential. I appluad you marbear28 for pushing yourself! Good luck!

allnurses Guide · Jul 8, 2012

marbear,

Like you, I went back to nursing school later in life and did become an NP in my mid 40s. Personally, I would need many years of practice before going out completely on my own. You also need to live in a state that allows such a practice. I work in a private specialty practice, where I get a generous salary plus profit sharing. I don't deal with overhead, hiring, and all the expenses and hassle associated with running my own practice. That works for me, but may not be what you want.

Best of luck to you in your future endeavors.

opalfire3 · Jul 27, 2012

Follow your passion and become the nurse and person you want to be. Dont be fearful or think you need years of experience to become the best nurse. You will be rich if you follow your heart. :)