The American Association of Colleges of Nursing (AACN) has announced that it will replace the MSN with the Doctor of Nursing Practice (DNP) as the appropriate credential for all advanced practice nurses by the year 2015.
The DNP is designed for advanced practice nurses who want a practice doctorate that prepares them to function at the highest level in clinical practice roles which include careers as primary provider, practice management, policy and clinical research.
The median salary of a nursing director (CEO) in clinical/executive positions ranges from $104,191 to $157,754.
Nursing faculty positions are expected to increase an average of 23% by 2016, with a need for 587,000 new faculty positions.
The doctoral degree can add approximately $7,000 to a MSN-prepared nurse practitioner’s annual salary ($81,440 for the doctorate; $74,777 for the master’s degree).
The median salary for a doctorally prepared full-time faculty in a college of nursing ranges from $68,444 to $77,605 for a nine- or 10-month appointment.
The National Council of State Boards of Nursing emphasizes the need for qualified nurses to be at the table as the United States revises its health care policy, including insurance coverage and reimbursement for healthcare services.