Salary information for Doctors of Nursing Practice
Who needs to pursue the Doctor of Nursing Practice (DNP) degree? In October 2004, the members of the American Association of the Colleges of Nursing (AACN) raised the required standards for nurse practitioners (NPs), changing the level of preparation necessary from a master's degree to the doctorate level. NPs will be required to have a DNP by 2015.
DNP salary variations
Happily, these changes in expectations are likely to come with pay increases. The 2005 Salary Survey Results report that the doctorate adds more than $10,000 to the average NP salary. The 2009 Salary Survey shows that the average salary increased by 55 percent in the prior decade and by 10 percent in the preceding two years. Fulltime annual salaries of NPs in 2009 averaged $89,579 (median $85,000). Part-time NPs reported average hourly wages of $45.85 (median $42.00).
Advanced practice nursing salaries range from below $15,000 to over $300,000. Location and setting account for these variations. Salaries vary by about $30,000 by state. The lowest average salaries are a little over $70,000. The following locations offered the highest annual salaries in 2009:
- AK: $102,710 (median $103,000)
- NV: $97,836 (median $100,000)
- NJ: $98,896 (median $96,250)
- AZ: $97,242 (median $91,000)
- CA: $106,481 (median $104,000)
The employment setting accounts for the other variations. One newly graduated nurse reported making around $15,000 in private practice. Generally, however, private practices offer the highest salaries. Teaching in an academic setting often proves less lucrative. Average faculty wages are improving but rarely top $85,000, regardless of experience, years of teaching or education level. Unless you are looking to teach, your DNP salary could pay for the degree within a few years.
• Ranked among the top 20 Regional Universities in the West in 2015 by U.S. News & World Report.
• Listed as one of America’s Best Colleges by Forbes Magazine in 2014.
• More than 97% of tenure-track faculty holds a terminal degree in their field.
• Student to faculty ratio of 15:1, and 47.5% of classes have fewer than 20 students.
• Accredited by The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).Show more [+]
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• Offers accredited online bachelor’s degree, master’s degree, and doctor of nursing programs to help both working professionals and recent graduates advance their careers.
• Provides graduate nursing programs that teach cutting-edge professional knowledge and skills to prepare students for today’s dynamic, evolving health care industry.
• Teaches through an online learning system that allows students to complete coursework with the flexibility to fit their schedule, while a cohort structure helps them to collaborate with fellow students.
•Provides scholarships, grants and other forms of financial aid to those who qualify.Show more [+]
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