How Does Your Salary Compare With Your Peers? The Results of the 2020 Nurse Practitioner and Physician Assistant Salary Survey Are In! - Clinical Advisor

How Does Your Salary Compare With Your Peers? The Results of the 2020 Nurse Practitioner and Physician Assistant Salary Survey Are In!

Slideshow

  • Slide

  • Slide

  • Tables 1 and 2. Average NP and PA salaries.

  • Table 3. Average NP salary by practice area.

  • Table 4. Average PA salary by practice area.

  • Tables 5 and 6. Average NP and PA salaries by highest degree obtained.

  • Tables 7 and 8. Average NP and PA salaries by gender.

  • Figures 1 and 2. Percentage of NPs and PAs who work at multiple locations.

  • Figure 3. Average NP salary by geographic location.

  • Figure 4. Average PA salary by geographic location.

  • Figure 5. Percentage of NPs who earned more in 2020 than 2019.

  • Figure 6. Percentage of PAs who earned more in 2020 than 2019.

  • Figure 7. Percentage of NPs who expect to earn more in 2021.

  • Figure 8. Percentage of PAs who expect to earn more in 2021.

  • Table 9. Average NP salary by experience level.

  • Table 10. Average PA salary by experience level.

  • Table 11. Average NP salary according to practice setting.

  • Table 12. Average PA salary according to practice setting.

  • Table 13. Number of patients seen per week by NPs.

  • Table 14. Number of patients seen per week by PAs.

  • Table 15. NP satisfaction with compensation.

  • Table 16. PA satisfaction with compensation.

  • Figures 9 and 10. Percentage of NPs and PAs receiving retirement benefits from their employer.

  • Table 17. Hours worked per week by NPs.

  • Table 18. Hours worked per week by PAs.

  • Tables 19 and 20. Average NP and PA salary by urban, suburban, or rural location.

  • Tables 21 and 22. Percentage of NPs and PAs who were affected by the COVID-19 pandemic.

  • Figures 11 and 12. Percentage of NPs and PAs who receive reimbursements for CME.

  • Figures 13 and 14. Percentage of NPs and PAs who receive reimbursements for tuition.

  • Figures 15 and 16. Percentage of NPs and PAs who receive reimbursements for Licensure Fees.

Throughout its 22 year history, the Clinical Advisor has strived to highlight the successes and accomplishments of the nurse practitioner (NP) and physician assistant (PA) fields. The COVID-19 pandemic has arguably made this year the most challenging for clinicians, with some practices shuttered, employees furloughed, and many health care workers on the move.

However, 2020 has also brought advancements in clinical practice, prescribing legislation, and virtual wellness. As these areas of practice have evolved, so too has compensation. For clinicians considering a career in a new location, specialty, or practice area but may be unsure how this change may impact compensation, especially during the COVID-19 pandemic, the results of the 2020 NP/PA Salary Survey may help navigate these areas of uncertainty.

Similar to the results from previous years, the results from 2020 found that the majority of NPs and PAs who responded to the survey reported earning a higher salary this year compared with last year (40.5% and 32.3%, respectively). However, similar numbers of respondents for both groups reported earning the same salary as last year (34% of NPs and 28.6% of PAs).  

For NPs, almost 12% of respondents reported earning an average salary between $95-100,000 (11.4%). A total of 5.3% of PAs reported making an average salary of $105-110,000. Most respondents for both the NP and PA audiences reported having a Master’s degree (72.8% and 49.9%, respectively).

Last year, approximately 27% of NPs and 13.8% of PAs reported working in family medicine. Similarly, for the 2020 survey, 23.67% of NPs and 11.86% of PAs reported working in this area of practice. NPs working in family medicine made an average salary of $104,928, and PAs working in this area of practice made an average salary of $112,961. For NPs, the next most common area of practice was primary care (5.54%); for PAs, urgent care came in second (6.34%).

The majority of NP and PA respondents reported working in the South (33% and 23.7%, respectively), and providers in this area reported making an average salary of $108,336 and $114,695. Similar to the findings from the 2019 survey, both NPs and PAs in the West reported making the highest average salaries ($127,195 and $121,184). The majority of NPs responded working in urban areas (37.4%), with suburban areas closely following (31.7%). For PAs, the majority of respondents reported working in suburban areas (34.2%) with urban following closely behind (30.1%).  

We asked our readers how the COVID-19 pandemic has affected their practice. Many clinicians reported being furloughed or have to furlough employees or receiving pay cuts. When we asked our readers if the pandemic has impacted their income, 51.8% of NPs and 58.3% of PAs did not experience reduced salaries. However, for those respondents who did experience reductions in salaries, the majority were NPs (29.9%) compared with PAs (13.3%).

Both NPs and PAs reported not receiving annual cost of living salary increases in 2020 (55.7% and 42.9%, respectively). Both groups of APPs reported receiving retirement benefits from their employer (74.3% of NPs and 62.8% of PAs). Approximately 66% of NPs and 55% PAs reported receiving health insurance and paid time off from their employer.

Similar percentages of both NP and PA respondents reported feeling “satisfied” with their compensation (35.3% of NPs and 34.4% of PAs). However, the respondents who reported feeling “very satisfied” earned the highest average salary ($131,263 for NPs and $132,629 for PAs).

The majority of both NPs and PAs expect to earn the same salary in 2021 (41.2% and 35.2%, respectively). However, a greater percentage of NPs (31.8%) compared with PAs (30.1%) expect to earn an increased salary in 2021. 

Click here to download the 2020 Salary Survey results.

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