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Four Ways to Make More Money as an NP or PA

Posted on February 2, 2018   |   by   |   Job Seekers, Leadership Skills APPs, Professional Development, Salary for APRNs and PAs

It doesn’t matter if you’re just starting your career as an NP or PA, or if you’re an experienced practitioner. You have the potential to earn more money this year! Here are four ways you can make it happen.

As we mentioned last week, NPs and PAs enjoy above-average salaries, a low unemployment rate, and great job growth. It’s a rewarding career path, but that doesn’t mean you have to settle for your current salary. Why not use our tips to make more money as an NP or PA this year?

Maybe this is the year you kick those student loans to the curb. Or, you take that European vacation you’ve been dreaming about. The Advanced Practice Providers we know are always striving to do more and to be more. So let’s get into it.

1) Renegotiate Your Salary

Our first tip to make more money as an NP or PA is to renegotiate your salary. This might seem obvious, but you should know when to expect an annual review with your employer. The best time to ask about the process and criteria for annual increases is when you accept a job. But it’s never too late to check in with your HR department for clarification. Knowing when the conversation will occur—and being prepared to advocate for yourself—is an important part of earning what you deserve.

Want to learn what others earn? The Melnic Advanced Practice Salary Guide gives you an overview of national and regional salary averages from APRNs and PAs from across the country. These salary benchmarks can help you negotiate a competitive compensation package, compare job offers, and assess your future earning potential. Click here for access.

2) Take On Extra Shifts

A nice side benefit of being an NP or PA is the option to work more hours when you want to. Many hospitals and clinics offer moonlighting and open shifts that pay between $43 to $100 an hour. You could also take a second job working weekends or off-days for another employer. If you decide to go that route, just keep in mind that you will need to be credentialed by the state, hospital, and/or payors before you can start.

3) Earn Your Certifications

Another way to make more money as an NP or PA is to get your certifications. There are so many advantages to becoming Acute Care certified, we wrote an entire post about it! Acute Care Nurse Practitioners typically work longer hours than their non-certified counterparts, particularly on weekends, evenings, and nights. Hospitals pay an average of $2,000-$10,000 more as a result.

Additionally, Certified Registered Nurse Anesthetists make approximately 40% more than other Nurse Practitioners and Physician Assistants.  Alternatively, First Assist Physician Assistants or Nurse Practitioners earn as much as $20,000 to $30,000 more annually.

4) Move Up to a Leadership Role

Advancing your career by taking a formal leadership role presents new challenges, and comes with a 5% – 40% salary increase. If you think this is a path for you, check out our tips on leadership from Meredith Lahl, Executive Director/ACNO of Advanced Practice Nursing at Cleveland Clinic.

Top CRNA Jobs for Friday 

In this post, we mentioned that becoming a Certified Registered Nurse Anesthetist (CRNA) is a great career move. If you’re already certified or are considering this role, look at some of these rewarding job opportunities!

More Job Help for NPs and PAs

Want to talk through job opportunities and get help identifying the right job for you? Feel free to send me an email at jill@melnic.com. We also invite you to create a free Melnic Profile. There is never a fee for candidates to work with us.

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