2020 Bachelor of Science in Nursing (BSN) Salary + Job Outlook + ADN vs BSN Comparison

The Bachelor of Science in Nursing (BSN) degree is considered the gold standard in nursing education, and for good reason. Accredited BSN programs offer fantastic education that will provide you with the knowledge and skills you need to succeed as an RN. If you are thinking of choosing a BSN program and becoming a registered nurse, certain aspects such as BSN salary and job outlook are vital to this decision. Here, you will learn more about how much you can earn with a BSN, what kind of outlook you can expect, and how these things would differ if you choose an associate’s (ADN) degree, instead.

How Many BSN Degree Holders are Currently Employed in the United States?

Across the country, there are 1,441,790 people who have BSN degrees.

What is the Starting Salary of a BSN Graduate?

The average starting BSN salary is $55,805. This represents the average amount you can earn during your first year as a registered nurse with a BSN. Things like the state, city, and your employer of choice will have the most impact on your salary immediately after you graduate.

What Is the Average Salary of a BSN Graduate?

Hourly Wage: The average BSN nurse salary per hour is $37.05. This amount can change somewhat depending on several factors. Not all RNs who have BSNs are paid by the hour; some – especially nurse managers – are salaried. What’s more, due to nursing shortages across the country, RNs with BSNs tend to work frequent overtime, which demands a higher hourly pay rate.

Monthly Salary: The average monthly salary for BSN graduates working as RNs tops out at $6,420 for those working full-time positions.

Annual Salary: The average annual RN salary for those who have BSN degrees is $77,070. This number represents all BSN-educated RNs across the country, and there are several factors that can impact your personal salary. For example, RNs who have little to no experience will earn significantly less than the average annual salary while those who have worked as RNs for decades are likely to earn a great deal more. You will earn a higher salary working in a busy, populated area rather than a rural one, and if you work in a government- or state-owned hospital, you will earn significantly more than if you work in a private hospital.

Past Salary Growth for BSN Graduates (2013-2017)

Over the last five years, salary growth has remained consistent with increases ranging from 1.27% to 1.9%. The total growth for this time period was 8.26%, or a difference of $5,880.

Projected Salary Growth for BSN Graduates (2018-2022)

In the next five years, even higher BSN nurse salary growth is expected. By 2022, salary is expected to climb by $7,490, or 9.72%. This is being driven by a few important factors. As the population grows, and as the larger population gains access to affordable health insurance, the demand for quality healthcare will continue to rise. Aside from this, the Institute of Medicine’s push to have 80% of all RNs educated at the BSN level by 2020 is spurring employers to prefer BSN-educated RNs over their ADN-educated counterparts, which further drives demand, requiring employers to offer higher salaries to attract RNs.

BSN Graduate Salary Compared to Similar Healthcare Occupations Which Require a Four-Year Bachelor’s Degree Program

The demand for well-educated registered nurses means that the BSN nurse salary is higher than any other occupation requiring a four-year baccalaureate degree. Salaries for this profession top out at $109,580.

Projected Salary Growth for BSN Graduates (2018-2022)

In the next five years, even higher BSN nurse salary growth is expected. By 2022, salary is expected to climb by $7,490, or 9.72%. This is being driven by a few important factors. As the population grows, and as the larger population gains access to affordable health insurance, the demand for quality healthcare will continue to rise. Aside from this, the Institute of Medicine’s push to have 80% of all RNs educated at the BSN level by 2020 is spurring employers to prefer BSN-educated RNs over their ADN-educated counterparts, which further drives demand, requiring employers to offer higher salaries to attract RNs.

BSN Graduate Salary Compared to Similar Healthcare Occupations Which Require a Four-Year Bachelor’s Degree Program

The demand for well-educated registered nurses means that the BSN nurse salary is higher than any other occupation requiring a four-year baccalaureate degree. Salaries for this profession top out at $109,580.

Industry Wise BSN Graduate Salary – Highest to Lowest

Your salary will also be affected by the industry in which you choose to work. Federal government pays their baccalaureate-educated RNs the most while schools pay the least.

Average Salaries in 10 States Which are Hiring the Highest Number of BSN Nurses

1. California

It comes as no surprise that California is the highest-paying state when it comes to BSN nurses. The state’s population is experiencing a significant increase, and it is home to some of the nation’s best and most prestigious research hospitals, including St. Jude’s and the University of California at San Francisco. The state’s government-subsidized healthcare program is far-reaching, which means that the demand for RNs here is high.



2. Texas

Though Texas currently employs a great deal of BSN nurses when compared to other states, it is also in the midst of a nursing shortage. As a result, it is expected that baccalaureate-educated RNs in Texas will have access to outstanding job opportunities for the foreseeable future, particularly in high-population cities like Houston, Arlington, Ft. Worth, and Dallas. The latter is home to Baylor University Medical Center, one of the nation’s leading research hospitals and one of the state’s biggest employers of RNs.



3. New York

BSN nurses in New York also have fantastic employment opportunities, especially in New York City and the surrounding area. Hospitals here serve the largest and most highly concentrated population in the country, and many of these are known for their groundbreaking research. Among these, New York Presbyterian is one of the best hospitals in the world, and it is one of the most coveted workplaces among RNs in the state.



4. Florida

Florida’s population is older than much of the rest of the country, which means healthcare is in especially high demand. The Mayo Clinic in Jacksonville and Cleveland Clinic Florida are two of the state’s most prestigious employers. Aside from this, nursing homes and rehabilitation centers are plentiful, and they command an above-average number of BSN-educated RNs, as does the large number of private plastic surgery practices.



5. Pennsylvania

Pennsylvania may not be as populated as New York, California, or even Texas, but it does provide ample opportunity for BSN-educated RNs. Hospitals like the University of Pennsylvania’s Penn Presbyterian, and Thomas Jefferson University Hospital offer incredible opportunities. Nursing homes are prevalent in PA, and home
health nurses are always in high demand.



6. Ohio

Ohio is home to some of the country’s leading research hospitals, and these draw patients from across the country. The Research Institute at Nationwide Children’s Hospital, the James Cancer Hospital, and the University of Cincinnati Medical Center are just a few examples. Ohio is also home to numerous long-term care facilities that depend on highly educated and experienced RNs to provide care.



7. Illinois

BSN-educated RNs play crucial roles for numerous Illinois employers, particularly in Chicago, which is home to dozens of hospitals and medical centers. Northwestern Memorial Hospital and Rush University Medical Center are two of the most coveted among RNs. Doctors’ offices are also highly prevalent throughout the area, both in the Chicago metro and in its suburbs. An above-average number of RNs call private practices like these home.



8. North Carolina

North Carolina is home to the famed Duke University, which is one of the best schools in the country for aspiring RNs. Many continue to work for the Duke University Medical Center long after graduation, but others move on to other employment opportunities. These include the University of North Carolina Health Care facility in Chapel Hill, UNC REX Healthcare in Raleigh, and Wake Forest Baptist Medical Center in Winston Salem, among others.



9. Michigan

The University of Michigan’s Michigan Medicine facility in Ann Arbor is one of the state’s top employers of BSN-educated RNs. Beaumont Hospital in Troy is another of the biggest RN employers. Michigan is also known for its selection of general care practitioners and specialists, which employ an above-average number of RNs when compared to other states.



Massachusetts

Finally, hospitals, doctor’s offices, and even long-term care facilities in Massachusetts employ a vast number of BSN-educated RNs. UMass Memorial Medical Center in Worcester, Tufts Medical Center in Boston, and Massachusetts General Hospital (also in Boston) are among the state’s top RN employers. Massachusetts is also home to Harvard Medical School, internationally known as one of the best, which employs some of the country’s most talented, experienced, and highly paid RNs.

In Which States Do BSN Degree Holders Earn the Highest?

RNs with BSN degrees earn the highest salaries in states offering the best in the country in terms of medical research and quality healthcare, including California, Hawaii, and Massachusetts.

In Which Major Cities Do BSN Degree Holders Earn the Highest?

The top six highest-paying cities for BSN graduates are in California, and they include San Jose ($177,630), Oakland and San Francisco ($177,460), along with Sacramento, Stockton, and Modesto.

BSN Job Outlook: What The Future Holds?

BSN Past Employment Growth (2013- 2017)

Between 2013 and 2017, BSN nurse employment grew somewhat erratically but steadily, nonetheless. For the entire period, 135,340 BSN-educated RNs joined the workforce, representing growth of 10.36%.



Projected BSN Employment Growth (2018- 2022)

Over the next five years, between 2018 and 2022, BSN employment growth will remain about the same as the previous five-year period and perhaps even slow slightly. Many states across the nation are experiencing severe nursing shortages, and this is especially true in California, Florida, and New York. Though there are plenty of opportunities available for BSN-educated RNs in these states, there are simply not enough nurses to fill them. The projected addition of 131,020 new positions for BSN graduates, equal to 9.09% growth in this timeframe, reflects this. Employment will continue to grow, but it will grow more slowly than in years past.



Projected BSN Annual Job Openings

Annual job openings will continue to climb between 2018 and 2022. There were 102,630 new and replacement jobs available to BSN-educated RNs in 2018. This number will climb each year, and by 2022, it will reach 122,270 openings.



Which Industries are Hiring the Highest Number of BSN Graduates?

Private hospitals – hospitals not owned by federal, state, or local governments – are by far the biggest employer of BSN graduates. They employ a total of 718,080 RNs, and physicians’ offices trails a distant second at just 97,240 RNs.



State Wise BSN Job Outlook

The outlook for RNs who have BSN degrees is much stronger in some states than in others, and it is highest in states with the fastest-growing populations.

ADN VS BSN – Salary & Employment Comparison

BSN Degree Holders Earn 8.83% More Than ADN Degree Holders

ADN-educated RNs earn an average annual salary of $70,820 each year compared to the $77,070 average BSN salary. This is a difference of $6250 a year, or 8.83%. With more specialized knowledge, highly-educated RNs take on more responsibility and command a higher salary.



Demand for BSNs is growing at 17.82% Compared to 11.82% for ADNs

Because BSN-educated RNs have been shown to lead to much better overall patient outcomes, their demand is much higher than that of their ADN-educated counterparts. Between 2017 and 2027, the employment of RNs with BSNs will grow by 17.82% compared to just 11.82% for RNs with ADNs. Because of this demand, RN to BSN programs have become increasingly popular across the nation.



38,220 More Jobs are Being Created for BSN Graduates Annually Compared to ADN

Each year across the country, only 64,140 new and replacement job openings are available to RNs with associate degrees compared to 102,360 openings for RNs with bachelor’s degrees. This is a difference of 38,220 jobs a year that offer better hours and higher pay along with more responsibilities, and it drives many working RNs to seek BSN programs that fit their schedules and budgets.



State Wise ADN VS BSN - Salary Comparison

Bachelor of science in nursing salary is higher than the average ADN salary in every state. The difference is far greater in states like California ($8,910) and Hawaii ($8,380) than in less-populated areas like Alabama ($4,950) or South Dakota ($4,900).



State Wise ADN VS BSN – Job Outlook & Annual Job Openings

Job openings can also vary from one state to the next, but in every case, there are more openings available to RNs with BSNs compared to RNs with ADNs. States like California (3,710) and Florida (2,350) boast the biggest difference while states like Wyoming (60) along with Alaska and Vermont (80) have the least difference.