You’ve check all the boxes to be a professional nurse. RN license – check. BSN – check. Work experience as a nurse – check. Congratulations! Now what? Have you thought about the next step in your nursing career? Where do you want to be in your nursing career five, 10 or 20 years down the road? A Master of Science in Nursing (MSN) might be just what you need to advance your career. Here are the Top 5 reasons to earn your MSN:
1. Show you the money!
If you want the potential to earn a higher salary, then get your MSN. Studies have shown that professionals with a master’s degree tend to earn more money than those with only a bachelor’s degree. The same holds true for the nursing profession. Nurse Journal states that “The average salary of someone who holds a BSN degree is between $42,343 and $81,768. Someone with an MSN degree, by contrast, has average earnings of between $62,281 and $195,743.”i The US Bureau of Labor Statistics states that positions which typically require a master’s degree, such as advanced practice registered nurses earn a median salary of $107,460 per yearii, physician assistants earn $101,480 per yeariii and medical and health services managers earn $96,540 per yeariv. While salaries can vary for different reasons, the facts are clear; those with a master’s degree and work experience tend to earn more.
2. More career opportunities and options
With the nursing shortage, this may be the best time to be a nurse with an MSN. The American Nurses Association says that the nurse shortage “isn’t stopping soon.”v The demand for nurses is expected to grow faster than average at 15% through 2026.vi So, for the nurse who is prepared with an MSN, the coming years may prove to be a boom for career advancement.
An MSN makes you stand out. It shows that you have more knowledge and experience than the average nurse. An MSN prepares you to move into leadership and management roles, administrative duties and/or teaching positions, thereby opening you up to more opportunities. Being more qualified, means you have more options. You can compete for positions in more areas and find work almost anywhere and in multiple professional settings. An MSN has added benefits, such as preparing you for licensing requirements and it may even result in better hours depending on the position you transition into.
An MSN provides you with the opportunity for specialization. Whether you specialize as a Nurse Practitioner, Clinical Nurse Specialist or Nurse Educator you offer employers additional value, distinction and expertise. This makes you more marketable and more valuable to current or future employers. A specialization also allows you to focus on an area of nursing that you love most! Getting paid well and being appreciated at work, while doing what you love, are reasons enough to earn your MSN.
4. Better patient care
One of the most significant outcomes of earning your MSN is better patient care. Research has illustrated that patient care is improved when delivered by nurses with a master’s degree.vii Furthermore, as more becomes expected of nurses and as patient care becomes more complex, the Institute of Medicine Committee on the Future of Nursing stated that, “Nurses must achieve higher levels of education and training to respond to these increasing demands.”viii Therefore, giving your patients the best possible care starts with the advanced knowledge and skills that you gain from an MSN.
5. Easier than ever to earn
It has never been easier to earn your MSN. With Gwynedd Mercy University’s hybrid MSN program, featuring many online courses, you have the flexibility to fit your education in around your life without sacrificing time from your family, friends or job. In addition to the convenience of learning at your own pace, you will receive personal attention from your instructors. Best of all, an MSN from GMercyU can be completed in two years.
Discover even more possibilities that come with earning your MSN. Contact an Admissions Counselor today and start advancing your career.
i “BSN vs. MSN Degree Which is Best?” Nurse Journal. https://nursejournal.org/bsn-degree/bsn-vs-msn-degree/
ii Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners. https://www.bls.gov/ooh/healthcare/nurse-anesthetists-nurse-midwives-and-nurse-practitioners.htm
iii Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Physician Assistants,
on the Internet at https://www.bls.gov/ooh/healthcare/physician-assistants.htm
iv Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Medical and Health Services Managers,
on the Internet at https://www.bls.gov/ooh/management/medical-and-health-services-managers.htm
v “Nurse Shortage.” American Nurses Association. http://www.nursingworld.org/nursingshortage
vi Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Registered Nurses,
on the Internet at https://www.bls.gov/ooh/healthcare/registered-nurses.htm
vii Ge, Song and Xi, Xing and Guo, Gui-fang. “A systematic review of the impact of master’s-educated nurses on inpatient care.” International Journal of Nursing Sciences Volume 2 Issue 4, December 2015. https://www.sciencedirect.com/science/article/pii/S2352013215000903
viii Institute of Medicine Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing, at the Institute of Medicine. “The Future of Nursing: Leading Change, Advancing Health.” October 2010. http://nationalacademies.org/hmd/~/media/Files/Report%20Files/2010/The-Future-of-Nursing/Future%20of%20Nursing%202010%20Report%20Brief.pdf