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Crunching the Numbers: What Is the Average DNP Salary?

Date
April 25, 2023
Image
DNP poses in her scrubs in a hospital hallway.

The DNP is a practice-based doctorate in nursing and one of the highest degrees in the field, providing graduates with the skills and training required to become leaders in the nursing profession. DNP graduates are expected to take on larger roles in problem-solving and advocacy capacities. They can also act as a bridge of communication between the clinical medicine field and other areas of the health care industry such as pharmaceutical or medical device manufacturing.

The U.S. Bureau of Labor Statistics (BLS) DNP salary information indicates that graduates are expected to complete an advanced degree to take on an operational role at any medical facility. The DNP and Doctor of Philosophy (Ph.D.) are functionally at the same level in terms of advanced degrees for nursing students. While the DNP is more practical in its application, the Ph.D. tends to focus more on research and scholarly publication.

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Advanced Nursing Roles Available Through a DNP

The DNP is the next step in qualification after a Bachelor of Science in Nursing (BSN) or Master of Science in Nursing (MSN). Some Master of Business Administration (MBA), Master of Public Administration (MPA), or Master of Public Health (MPH) students choose to complete their DNP coursework while working in the medical field, specializing in administration or education. According to the American Association of Colleges of Nursing, advanced practice registered nurses (APRNs) who make it to the doctoral level have a blend of economic, organizational, clinical, and leadership skills that enable them to achieve excellence in practice.

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Skills That a DNP Holder Demonstrates

DNPs require many talents, but a few of those are critical proficiencies for successfully performing an APRN’s or administrative leader’s duties:

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Certification Requirements for DNP Graduates

DNP graduates who choose to follow the APRN career path may be required to sit for one or more certification tests. Different boards offer certifications, including the American Association of Critical-Care Nurses, American Academy of Nurse Practitioners National Certification Board, American Nurses Credentialing Center, National Certification Corporation, and Pediatric Nursing Certification Board. Depending on their focus, graduates should seek certification from the relevant board.

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What Is the Average DNP Salary?

According to PayScale, the average annual salary for DNP holders is $102,000 as of 2019. The DNP salary varies by specialization. ARNPs, for example, earn $94,961 annually on average, with the highest paid averaging $119,000 and the lowest paid averaging $79,000.A family nurse practitioner within the field of family medicine can earn an average salary of up to $92,540 while a psychiatric nurse practitioner with a doctoral degree can earn $102,629 per annum on average.

According to data gathered by the BLS for 2018, advanced practice nurses working in hospitals earn a median salary of up to $120,540, while nurses working in outpatient care can earn up to $115,720. At the lowest side of the scale, advanced practice nurses working in educational services earn a median salary of $104,310.

The BLS projects that employment for nurse anesthetists, nurse midwives, and nurse practitioners will grow by 31% between 2016 and 2026. A reason for this is an aging population with a need for elderly care professionals. The BLS also notes that states are now allowing ARPNs to widen the range of primary care services they can offer to patients, increasing the marketability of any individual with a DNP degree.

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Learn More

The Regis College online BSN to DNP program is a valuable resource for students who’ve completed their BSN and are looking to bolster their professional qualifications. The online program is just as in-depth and demonstrates the same values as the on-campus program, enabling distance learning students to have the same learning outcomes as on-campus students.

Regis’s program covers nursing theory and practice basics, but it also offers the following specializations:

Students who wish to expand their knowledge in the nursing profession, make themselves more employable, and rise up the ranks in their careers can benefit from this degree, offering both practical skills and theoretical knowledge. Explore the Regis College online BSN to DNP program today.

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Sources

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