Nurses may choose to pursue careers in nursing administration for a variety of professional or personal reasons. From work-life balance to career advancement, working in nursing administration offers several benefits.
Nursing Administration Benefits
While the reasons for choosing a nursing administration career may vary, the following benefits may help you decide if earning a Master of Science in Nursing (MSN) in Nursing Administration degree aligns with your overall career goals.
Faster Than Average Job Growth
According to the Bureau of Labor Statistics (BLS), demand for medical and health service managers, including nurse administrators, will likely grow at a rate of 17 percent — much faster than the average rate — through 2024. This is actually slightly higher than even the projected growth for registered nurses, which the BLS estimates at 16 percent through 2024.
In 2016, RNs earned an annual median wage of $68,450, according to the BLS. However, nurse administrators earned approximately 40 percent more with an annual median wage of $96,540 in 2016, and the top 10 percent of administrators earned $165,380. Nurse administrators working in hospitals or for the government earned a median annual wage of more than $100,000, while those working in physicians’ offices earned $85,600.
Career Options Abound
An MSN in Nursing Administration can lead to many career options, including nurse manager, nursing director and chief nursing officer. With a master’s degree, you may also be well-positioned to eventually pursue other advanced roles, such as nurse practitioner or clinical nurse specialist.
Less Physically Demanding
The responsibilities placed on an RN can be physically demanding. If you are unable to continue to perform at this level and also have an interest in management and leadership, then a nursing administrator career may be ideal. The work of nurse administrators is usually less physically taxing, as it involves more deskwork, meetings and staffing oversight, among other responsibilities.
Nursing relies heavily on shiftwork — days, overnights, weekends and on-call shifts. If you are seeking a more balanced or perhaps family-friendly schedule, then a career in nursing administration may prove beneficial. Nurse administrators typically work set schedules during daytime hours. Many facilities don’t require their administrators to work on weekends or holidays.
Pathway to a Doctorate
In a nursing administration career, you can expand your business, communication, leadership and research skills. The experience that you can gain from working side-by-side with other managers and leaders — many with several years or decades in the field — can prove invaluable. With this newfound knowledge and expertise, you may find that pursuing an advanced degree, such as a doctorate, is the next logical step in your career. Your time as a nurse administrator can prepare you for greater success in such an endeavor.
In order to address the needs of a diverse population, healthcare organizations are seeking nurse leaders. As a result, many employers support advancing education, going so far as to offer financial assistance in some instances. This may include tuition reimbursement or even loan forgiveness. For nurses interested in advancing into administration careers with their current employers, this can make an MSN even more beneficial. Not only can employer assistance reduce the financial burden, you may also have a built-in career pathway with your existing employer.
A Career with Benefits
When you choose a career in nurse administration, you can look forward to many benefits. With more consistent work schedules, higher wages and the opportunity to advance your education, nursing administration positions may provide both personal and professional value for interested nurses.
Learn more about the University of Texas Rio Grande Valley online MSN in Nursing Administration program.
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