The world of nursing is filled with many different types of nurses. But when it comes to pay, are some nurses simply worth more than others? In this blog post, we’ll take a look at the difference between MSN and BSN degrees to see if one type of nurse earns more than the other.
MSN vs BSN: The Basics
MSN stands for Master of Science in Nursing while BSN stands for Bachelor of Science in Nursing. Both types of nurses must complete an accredited nursing program and pass the NCLEX-RN exam before they can begin practicing. So, if both types of nurses must complete similar education and licensing requirements, does that mean they earn the same salary? Not necessarily.
According to Payscale.com, the average salary for an MSN-educated nurse is $78,000 per year while the average salary for a BSN-educated nurse is $71,000 per year. That’s a difference of $7,000 between the two degrees! However, it’s important to keep in mind that salary varies based on factors such as years of experience, geographic location, and type of employer. Therefore, it’s possible that an experienced BSN nurse in a high-paying area could outearn an inexperienced MSN nurse in a low-paying area.
Conclusion: So what’s the verdict? Do MSN get paid more than BSN? Based on the data, it appears that they do. However, it’s important to keep in mind that there are many factors that can affect a nurse’s salary. Therefore, it’s possible for a BSN nurse to outearn an MSN nurse depending on experience and location.