3 answers
Bailey
Student
Geismar, Louisiana
2
Questions
Asked
599 views
What is the life time earning potential of a Neonatal Nurse?
#nursing #medicine #neonatal
Login to comment
3 answers
Alexandra Grashkina-Hristov
International Tax Professional
147
Answers
Boston, Massachusetts
Updated
Alexandra’s Answer
Hi Bailey,
Salary ranges for nurses can vary depending on location, nature of experience and other sources.
According to Payscale, RNs that work in the Neonatal Intensive Care Unit (NICU) make an average annual salary of $60,375, while Neonatal Nurse Practitioners make an average annual salary of $93,122. Further, according to The Bureau of Labor Statistics between 2012-2022, job growth for RNs in general is expected to grow by 19%.
Because this is job where the demand for workers will keep growing, salaries will likely increase as well. Please note that there are other factors in addition to the annual salary such as pensions, vacation and other employee benefits.
Tristen Walters
Registered Nurse
15
Answers
Baton Rouge, Louisiana
Updated
Tristen’s Answer
About $45,000 all the way up to 6 figures. The more education, the more money you have the potential to make.
James Constantine Frangos
Consultant Dietitian & Software Developer since 1972 => Nutrition Education => Health & Longevity.
3736
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Dear Bailey,
The income you can expect over your career as a Neonatal Nurse can significantly fluctuate based on factors like where you work, your experience, your education level, and your area of expertise.
Data from the Bureau of Labor Statistics (BLS) reveals that the average yearly pay for registered nurses, including neonatal nurses, stood at $73,300 in May 2020. The bottom 10 percent earned under $53,410, while the top 10 percent made over $116,230.
Neonatal nurses with a focus on advanced practice, like Neonatal Nurse Practitioners (NNPs), have the potential to earn even more. The National Association of Neonatal Nurses (NANN) states that NNPs can expect an average salary of about $104,000 annually. However, this figure can change based on factors like location and experience level.
When considering lifetime earnings, a registered nurse with a bachelor's degree is estimated to make an average of $3.3 million throughout their career. Those with an advanced degree, like a Master of Science in Nursing (MSN), can anticipate an average of $4 million or more. Again, these estimates can change based on factors like location and experience level.
It's important to remember that neonatal nursing can be physically and emotionally challenging, leading many nurses to exit the field early or transition to other healthcare roles. However, for those who stay in the field and continue to develop their education and skills, the earnings can be quite substantial.
Stay blessed!
James Constantine.
The income you can expect over your career as a Neonatal Nurse can significantly fluctuate based on factors like where you work, your experience, your education level, and your area of expertise.
Data from the Bureau of Labor Statistics (BLS) reveals that the average yearly pay for registered nurses, including neonatal nurses, stood at $73,300 in May 2020. The bottom 10 percent earned under $53,410, while the top 10 percent made over $116,230.
Neonatal nurses with a focus on advanced practice, like Neonatal Nurse Practitioners (NNPs), have the potential to earn even more. The National Association of Neonatal Nurses (NANN) states that NNPs can expect an average salary of about $104,000 annually. However, this figure can change based on factors like location and experience level.
When considering lifetime earnings, a registered nurse with a bachelor's degree is estimated to make an average of $3.3 million throughout their career. Those with an advanced degree, like a Master of Science in Nursing (MSN), can anticipate an average of $4 million or more. Again, these estimates can change based on factors like location and experience level.
It's important to remember that neonatal nursing can be physically and emotionally challenging, leading many nurses to exit the field early or transition to other healthcare roles. However, for those who stay in the field and continue to develop their education and skills, the earnings can be quite substantial.
Stay blessed!
James Constantine.