Average Salary for a Master's in Nursing
As of 2006, the average starting salary for nurses with master's degrees was $49,700, according to Allied-Physicians.com. The average salary nurses with the graduate-level degree earn varies based upon a variety of factors such as work experience and geography.
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Work Experience
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After five to nine years of experience in the field, the average salary for master's of nursing recipients was $77,593 as of February 2010, according to PayScale.com. With 10 to 19 years of experience, nurses with the degree average $85,378.
Job Type
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As of February 2010, nurse case managers with master's degrees in nursing averaged salaries of $57,824, PayScale.com states. Nurse practitioner physician assistants with the degrees earned an average of $92,000.
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Setting
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Nurses with master's degrees who work in general hospitals averaged annual salaries of $79,495, according to a February 2010 reporting on PayScale.com. Those working in nursing homes averaged $83,730 per year, while those in home health care earned an average of $74,304.
Geography
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As of February 2010, nurses with master's degrees working in California received the highest average salaries at $90,000, PayScale.com states. Other high-paying states for professionals with the degree included Texas, Pennsylvania and Oregon.
Benefits
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Professionals with master's in nursing reported receiving additional benefits that contributed to their overall salaries to PayScale.com, such as an average of 1.9 to 3.3 weeks of paid vacation. Other benefits included paid holidays and sick leave, 401k retirement plans and continuing education tuition reimbursements.
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