Salaries for BSN and MSN Graduates: What You Need to Know

BSN vs. MSN Degree: Differences Between Salaries
BSN vs. MSN Degree: Differences Between Salaries

Salaries for BSN and MSN graduates vary depending on where you work, what training you have, and your previous experience. While it’s generally good to have a variety of high-paying jobs, keeping track of which one offers the best pay can be challenging. The good news is that with as much competition as there is for nursing and medical science graduate jobs, wages are on the rise. Salary data for different jobs can be difficult to find. But we did our best to make sure this guide outlined all the important factors when deciding on a career path. We also listed some great websites where you can check out current job openings, browse through resume templates, and find relevant advice about getting into nursing or other fields of study.

What is a BSN or MSN Degree?

A baccalaureate of nursing (BSN) or a master’s of science in nursing (MSN) degree is the standard for nursing and other health care professions. Many students choose to major in nursing or other health related fields after high school to further their education and credentials. But what exactly is a BSN or MSN degree? We’ll break down what it’s all about. A BSN or MSN degree is a two-year degree program that prepares students for a variety of careers in nursing, medical, mental health care, social work, and other health-related fields. The average salary for BSN and MSN grads is $55,090 as of May 2018, according to the latest data from the Bureau of Labor Statistics. That’s $7,570 less per month than the average salary for all workers in May 2018.

How Much Does a BSN or MSN Degree Cost?

If you’re interested in pursuing a BSN or MSN degree, you’ll usually spend between $4,000 and $6,000 per year for tuition and fees. That’s money you could be spending on books and supplies for other coursework as well as for living expenses. You can find out how much a BSN or MSN degree costs at different schools and from different schools to different cities. The average cost per year for a BSN or MSN program is $4,813, according to data from the 2016 National Center for their year-end survey. That’s not to say it’s a guaranteed path to riches — some students pay as little as $2,500 per year — but most students will spend more than this on their BSN or MSN education.

What Is the Average Salary for a BSN or MSN Grad?

Salary data for different jobs can be difficult to find. But we did our best to make sure this guide outlined all the important factors when deciding on a career path. We also listed some great websites where you can check out current job openings, browse through resume templates, and find relevant advice about getting into nursing or other fields of study. According to the latest figures from the BLS, the average salary for all workers who held a baccalaureate degree in May 2018 was $55,090. This figure includes workers who had a bachelor’s degree or higher and workers who had a high school diploma or equivalent. This figure is $2,570 less than the average salary for all workers in May 2017 — the most recent month for which data was available.

What to Consider When Accepting a BSN or MSN Job

While most prospective nursing or medical school students apply to a number of nursing and medical programs, only a small number actually get accepted. At the same time, there are always more applications than available places. The next thing to keep in mind is your interests. Are you more interested in becoming a registered nurse or a medical doctor? Or perhaps a midwife? If you want to start out as a nurse, you might want to look into advancing toward a different job title. Some students choose to apply to more than one program in order to maximize their chances of becoming accepted to a nursing or medical program. This can be a wise move because you may get more in-depth training as a nurse or physician assistant than you would as a non-nurse or non-medical professional.

How to Get a BSN/MSN Job

Even if you get an offer from a school you’re not originally interested in, you may still want to apply to nursing or medical programs outside of your hometown. Doing so will allow you to see what other programs are available and may give you a better idea of which schools you’d be a good fit for. Some medical schools have formed partnerships with other institutions, like Big 10 universities, to help ease the burden of competition. Other medical schools have formed highly competitive societies that limit the number of students who can apply to each school. Make sure you’re registered for (and accepted to) all your courses as well as any pre-med courses you’re interested in taking. Keep a strong academic record and show your instructors you’re on-task. You may also want to consider taking advanced placement (AP) or honors level courses to help you boost your GPAs.

Resume Tips for Healthcare and Medical Careers

Some questions to keep in mind as you start your career path: Where will you be spending your career? What is your career path? Are there any special courses or certifications you’d like to have? What are your passions? How will you balance your current job and your desired future career? Will you be balancing work and family responsibilities? Can you handle multiple assignments at the same time?

Conclusion

The nursing and medical fields are highly competitive and often require a high school diploma or equivalent. In order to thrive in these fields, it’s helpful to have a solid work ethic and understand the process of applying for jobs. Career advice for nursing and medical students is available on sites like Careermaster, where you can look through multiple job opportunities and find one that best matches your interests and experience. The good news is that the jobs are getting easier to fill and salaries are rising. It’s important to be aware of what is out there and seek opportunities to apply for jobs that interest you.

Noah Chapman
Hello, Im Noah Chapman. Im Editor And SEO analysis for Cambridgehack.com. Im a man with 3 beautiful angels towards me. That my beautiful wife, and two beautiful daughters.