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Sloudy24-
According to U.S. Bureau of Labor Statistics (BLS), the median annual salary for medical and health services managers – which includes nurse administrators – was $81,850 as of May 2009. The middle 50% of professionals in this field earned between $63,700 and $105,980. While the lowest 10% had a yearly income at or below $49,750, the top 10% earned in excess of $140,300.
I'm not sure what your salary/experience is now, but that appears to be the "average" earnings. As far as getting your MSN in admin and then adding an NP certification later, the answer is yes. I know nothing about Capital University, so you will have to research their accreditation (national/regional) and then contact a few NP schools to see if that will be acceptable to get a post masters nurse practitioner certification and/or choose to get your DNP.
You stated that your current job offers to pay for an RN to get their MSN, is that full tuition? That's a really generous and incredible offer. Do you have to sign a contract to work on with them for X amt of years after? If so that will be a considerations. Also perhaps ask you HR department if upon graduation do they guarantee a job in Admin for you, and what is the salary range for Nurse Admin? At least that is the questions I would want to know.
Good luck with your decision!
sloudy24
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My job offers to pay for a RN to go to Capital University to get their MSN. Unfortunately Capital does not have a CNP program. I really don't want to take out more loans... So can I get a MSN in administration and then add on an NP later? Are there even jobs for MSN nurse admin? My reason for going back to school is pay increase.