The average salary of MSN-educated nurses in Montana ranged from $61,140 for nurse educators to $156,110 for nurse anesthetists as of 2014 according to the state’s Department of Labor and Industry.
Nurse practitioners in Montana earned an average salary of $92,800. According to the American College of Nurse-Midwives, the average salary for a nurse midwife in Montana was $92,070 as of 2013.
The median salary among nurse practitioners and nurse educators in Montana was slightly lower than the average salary. However, the median salary among nurse anesthetists was $164,110 according to the Montana Department of Labor and Industry. This value was $10,330 higher than the national median among nurse anesthetists.
The Economic Benefits of Obtaining an MSN in Montana
MSN-educated nurses earned at least $21,910 more than nurses without a master’s degree in 2014 according to the US Bureau of Labor Statistics. A master’s degree is a requirement for nurse practitioners, while RNs rarely possess this degree. Thus, comparing the median salary among NPs with that of RNs demonstrates the significant increase in earnings that come with an MSN:
An Increase in the Number of Jobs for Nurse Practitioners and Nurse Midwives in Montana
Job growth predictions from the Montana Department of Labor and Industry suggest that the number of jobs for nurse midwives and nurse practitioners will increase at a rapid rate between 2014 and 2024. The Department predicts that the level of growth for nurse practitioners will be 25.7% during the ten-year period of their projections. The number of nurse educators should increase by 21.4% during this time frame.
The nonmetropolitan area of Southwestern Montana already has an exceptionally high number of jobs for nurse educators according to the US Bureau of Labor Statistics. The Bureau reported that this nonmetropolitan area of Montana had the 5th highest concentration of jobs for nurse educators of any rural area in the country in 2014.
Location Affects the Salaries of Nurse Practitioners in Montana
The US Bureau of Labor Statistics provided a detailed analysis of the salaries of nurse practitioners in urban and rural parts of Montana as of 2014. The average salary varied by more than $23,000 depending on the location of these NPs. Nurse practitioners in the nonmetropolitan area of Central Montana earned an average salary that was significantly than that of NPs in other parts of the state: