Why Should I Earn an RN to MSN/MBA Rather than a BSN?

Nurse with MSN/MBA dual degree in boardroom
Nurse with MSN/MBA dual degree in boardroom

Setting out to earn a master’s degree is a big step, and if you’ve been thinking about taking it, don’t delay. Investing in your education is rarely a bad idea, especially in nursing — a field that consistently boasts better pay and job opportunities for highly educated professionals.

An RN to MSN or RN-MBA online degree not only demands a higher salary, but it also opens you up to numerous opportunities that would not be achievable with solely an RN or BSN. As an RN to MSN or RN to MSN / MBA online student, you will focus on many interesting and relevant topics, such as advanced nursing practice, management and leadership, research, social and physical sciences, nursing informatics and clinical practice.

Based on the career path you wish to follow, you can also select specializations such as nurse practitioner, nursing education or nursing leadership. The key to continued advancement in nursing is to keep learning — in the classroom and in real-life medical/healthcare settings. Both kinds of experience help you grow and become the most efficient and effective nursing professional you can be, while keeping you versatile and poised for your next step in the rapidly evolving field of healthcare.

Numerous Career Options

Often nurses with an RN to MSN or RN to MSN / MBA grow into managerial roles, such as head nurse in a clinic or department head at a hospital. Many nurses pursue these types of roles because they effectively marry patient care with management responsibilities.

The administrative/executive path is another viable career choice in nursing for individuals with graduate degrees. Hospitals and other healthcare organizations hire professionals with RN to MSN or RN to MSN / MBA online degrees to perform a variety of tasks, including establishing and overseeing rules and procedures for their nursing staff, taking the lead in implementing departmental organization strategies and managing nurse-related regulatory and financial issues. Positions in healthcare administration offer you the chance to make a big difference to many people, including your organization’s nursing staff, and ultimately patients.

The public sector is yet another area where individuals with an RN to MSN or RN to MSN / MBA can find rewarding job opportunities. The combination of having first-hand experience with patients and a deep understanding of business and administration in nursing makes nurses with advanced degrees prime candidates for working in the public sector. If you are passionate about issues affecting nurses and/or patients and want to contribute to making policy changes, the public sector — which could put you front and center with elected officials and other advisors — might be the perfect place for you.

Elevated Compensation

With an RN to MSN or RN to MSN / MBA, you are in a great position to both choose your ideal career path from a wide range of choices and also make more money. Salaries in nursing can vary a great deal based on many different factors, including market, area of specialty and years of experience. But in general, after you earn your master’s degree in nursing, you can plan to earn a higher wage as well.

The U.S. Bureau of Labor Statistics recently reported a significant difference in earnings between registered nurses (RN), who require either an associate’s degree or a bachelor’s degree, and Advanced Practice Registered Nurses (APRN) — such as Nurse Midwives, Nurse Practitioners or Nurse Anesthetists — who require a master’s degree in nursing.

The U.S. national average annual salary for an RN is $68,910; whereas the U.S. national average annual salary for a Nurse Midwife is $92,230, a Nurse Practitioner is $95,070 and a Nurse Anesthetist is $157,690. That reflects a difference that amounts to as much as $90,000 annually.

Nursing is one of the most respected fields in America, and due to many factors, including aging baby boomers and the rising cost of healthcare, it is also one of the most entrusted. The demand for nurses, specifically highly skilled professionals with advanced education and training, is present now more than ever. There has never been a better time to pursue an advanced nursing degree.