Registered Nursing, Registered Nurse Degree from University of Memphis Return on Investment
See what the return on investment is for jobs that someone with a Registered Nursing, Registered Nurse degree from University of Memphis is likely to work in.
Top job projections for graduates in registered nursing, registered nurse from university of memphis
Registered nurses
Projection Rating: B+
Median Annual Wage: $86,070
Percentage of Paycheck to Repay: 10.49%-7.81%
Employment Change: 197.2%
Entry-Level Education: Bachelor's degree
Nurse practitioners
Projection Rating: B+
Median Annual Wage: $126,260
Percentage of Paycheck to Repay: 10.73%-7.98%
Employment Change: 135.5%
Entry-Level Education: Master's degree
The decision to pursue a Registered Nursing (RN) degree from the University of Memphis is not just an educational choice; it's a strategic investment in your future. With the growing demand for healthcare professionals, especially registered nurses, obtaining your RN degree can yield significant returns in terms of career opportunities and financial rewards.
One of the most compelling reasons to consider the University of Memphis for your nursing education is the quality of its program. The curriculum is designed to equip students with the necessary skills and knowledge to excel in various healthcare settings. Graduates not only receive a comprehensive education but also benefit from the university's strong connections within the healthcare community, facilitating job placements and internships.
Moreover, the financial return on investment (ROI) for a Registered Nurse degree is substantial. According to recent data, registered nurses enjoy a competitive salary, often exceeding $70,000 annually, depending on experience and location. With a relatively short educational pathway—typically a two to four-year program—students can expect to start earning a solid income soon after graduation.
Additionally, the nursing profession offers significant job stability. The U.S. Bureau of Labor Statistics projects that employment for registered nurses will grow by 6% from 2021 to 2031, much faster than the average for all occupations. This demand translates into a plethora of job opportunities across various settings, including hospitals, clinics, and community health organizations.
Investing in your education at the University of Memphis not only prepares you for a fulfilling career but also provides a pathway to advanced opportunities. Many RNs choose to further their education, pursuing specializations or advanced degrees, which can lead to even higher salaries and leadership positions within the healthcare sector.
In conclusion, the Registered Nurse degree from the University of Memphis is a wise investment that can yield significant financial and personal returns. With a robust curriculum, strong job placement rates, and a growing demand for healthcare professionals, your decision to pursue nursing at this esteemed institution will pay dividends for years to come.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.