Nursing Industry Trends and their Impact on the Starting and Average Nursing Salary
A 2010 study Institute of Medicine (IOM) predicts that nurses with a baccalaureate degree will increase from 50% to 80% by 2020.*
Registered Nurses (RNs) have a promising outlook for growth and advancement in the nursing industry. Despite nursing being the single largest profession in the health care industry today with 2.6 million RNs alone, demand for nurses continues to grow as new specialties and roles evolve in the application of modern medicine through an increasingly complex health care system.
With these new roles, many nurses are pushed to differentiate themselves from their colleagues with additional advanced degrees and certifications.
Impact of Advanced Degrees on Nurses’ Salary
2013 Median Nurse Salary by Years Experience – Degree: Bachelor of Science, Nursing (BSN) (United States)
Obtaining an RN to BSN is one of the most practical steps toward upward mobility and increases in salary within the nursing field. As the chart above indicates, the level of education a nurse attains directly corresponds to a higher salary and greater responsibility.
Nurses seeking salary increases, more recognition, and more specialized work, often turn to online RN to BSN program to achieve advanced career goals. The main advantage is that the online nursing program allows for remote studying so nurses do not have to give up their current occupations.