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NP Salaries Continue to Rise

2014 National Salary Survey Results

Professional Issues
As in their practice scope and public stature, nurse practitioners made further strides in salary in 2014. According to the National Salary Survey of Nurse Practitioners, conducted annually by Nurse Practitioner Perspective and ADVANCE for NPs & PAs, full-time salaries for nurse practitioners rose by an average of almost $3,000 last year.

We conducted our annual survey using an online questionnaire created and processed on the Fluid Surveys platform. Fluid Surveys specializes in online data collection.

The survey was live from June 1 through Nov. 30, 2014, and collected 1,836 responses from practicing NPs. Because the survey is focused on NPs, respondents who self-identified as nurse midwives, nurse anesthetists or clinical nurse specialists were not tabulated.

ADVANCE has gathered salary data on nurse practitioners since 1997. In that year, the average full-time salary for an NP was $52,532.

Salary Results
Our survey determined that in 2014, the average nurse practitioner working full time earned a salary of $101,621. Compared to 2013 earnings, full-time salaries for NPs rose by $2,804 - an increase of 2.8%.

For NPs working part time or being paid an hourly rate, the increase in pay was 7.02% - an increase of $3.61 per hour from 2013. NPs who are paid hourly reported earning $55.02 per hour in 2014.

See the table for an overview of this data and how it compares to national averages over the past 5 years.

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Experience Changes
The average number of years in practice decreased from 8.9 in 2013 to 7.29 in 2014, reflecting the rapid rise of new NP graduates entering the profession.

Our past surveys had collected information about gender and age, but an error in survey design prevented our ability to accurately capture this information in 2014. We will collect more complete demographic data on respondents in the 2015 survey.

What's Next?
We will share additional data from the 2014 National Salary Survey of Nurse Practitioners on our website in February, March and April. Visit www.advanceweb.com/NPPA often to view and download detailed reports on salary by practice setting, state and academic degree.

To receive notification of these focused reports as they become available, sign up for our free e-newsletter using the form posted in the upper right corner of our homepage.

A Note About Privacy
Nurse Practitioner Perspective values reader and respondent privacy, and we will never share or inappropriately use personal data obtained during the salary survey data collection process.

We collect city, state, geographic setting and specialty information to present an accurate view of the demographics of the respondents. Our goal is to provide the most accurate and representative data about salary and workplace issues for NPs.

We thank the respondents who took the time to complete the 2014 survey, and we hope for even higher participation in 2015. Please share these results with your colleagues and encourage them to participate in our next annual salary survey. Data collection for the 2015 survey opens June 1 at www.advanceweb.com/NPPA.

Kristen Hopf is a freelance writer who lives in Denver.


 

Hello,
I am a new grad and I was offered a contract that does not look nothing appealing to me. I know that to pay a lawyer to review and make changes to my contract it will be very expensive. Any a dice what to do?
Thanks,

Norka

Norka Perez,  ARNPMarch 08, 2016
Brooklyn, NY



I completely agree with Terri Squires, Alex Genty, and Don. 33% of what you produce, & 180K starting base for specialties. Why are we collectively leaving this money on the table? 100K is to low, even for newbies. New doctors don't accept that. They bill for our services, and make significant money off of us. My specialty is Family Practice, boarded with ANCC, willing to go rural, and they offered 100K base. No thanks. I made more as a critical care traveler RN.

LATANYUA March 03, 2016



Being a NP for over 11 years has been eye-opening. One bit of what I, "wish I had done differently" is understand that in a large group practice, you will be viewed as a revenue generator. Get to know and understand the math of being part of a business if you want to work in a group practice (or if that idea doesn't appeal to you go for public work and understand that you will make less). In 2005 when I started, I came in with the mentality of a hospital RN...everyone gets paid about the same for basically doing the same type and volume of work. I was offered $65k per year for FT work. I asked that they pay me $60k, so that the administration would, "give me enough time to see patients." Looking back at this, I am sure that they had a good laugh after I left the interview and said, "hire this sucker immediately". I worked at that job for over 10 years, and recently got off of the treadmill. Ask for your numbers to be given to you at least quarterly (I got mine monthly and tracked patient visit numbers on my own). I also received an annual summary of charges and amounts received by the practice. For example in 2013, I billed out $509,885.40 and the practice received $388,310.81 for my work. Why is this important?--you get this in writing and as I found out with my new job, this is a very powerful bargaining tool. If you are getting a salary of less than 33% of what is received, then your margin (what they make off of you) for the group is very high. Basically, understand that your work is buying your CEO's vacation house. I found that they (the administration) basically left me alone because patient satisfaction was high and my numbers were always in the top 3 in our group. I was able to show increasing revenues for my last five years consecutively to over $400k my final year. Numbers don't lie. Also as an aside, I would like to add that in my experience, I have found that women are actually smarter. They might be paid a bit less (like 5-10%), but in our large office we got to see everyone's numbers. Many brought in 50% less to the practice due to shorter schedules, but made close to what I made...that's working smarter. I mean if our base salaries were about the same...and I made $10k in bonuses but was in the office until 9pm every Friday night so I could have a weekend...who is smarter? We had at one point, 7 females and 6 males (some physicians, pa's, np's). All of the males had 40 hrs of patient time + I know I had 15-25 hrs weekly of documenting visits, letter writing, and completing forms. Only two of the female providers had 40 hrs of patient visits. Two even worked 3 days per week. So, it wouldn't surprise me if women are likely paid at a higher proportion of what is taken in, when looking at numbers....just my own observation...and by the way, I got off of the treadmill and my new position is about 45 hours per week total versus 55-65 and the work is done when I leave the office. I realized that I was really missing out on family time. Best wishes to all and good luck.

Don February 27, 2016



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