Psychiatric Nurse Practitioner Salary

The work of a psychiatric nurse practitioner is far from easy, but the money made from it is worth the extra effort. Psychiatric NPs are some of the highest paid employees in the nursing community, making this career more desirable than it may naturally be. If you have been considering this profession for your future, you may be interested in learning about the money you could earn through it. The results may be pleasantly surprising. Listed below are some psychiatric nurse practitioner salary statistics that you can use to assess this career.

Psychiatric Nurse Practitioner Salary by Years of Experience

Experienced employees always make more money than recent college grads because they have been through problems that cannot be taught in school. Their ability to overcome any difficulty that comes their way allows them to make more money per year. Possible salaries by years of experience include:

  • Less than 1 year of experience: $62,462 – $96,523 per year
  • 1-4 years of experience: $60,267 – $103,939 per year
  • 5-9 years of experience: $59,350 – $117,923 per year
  • 10-19 years of experience: $64,564 – $120,171 per year
  • 20 years of experience or more: $67,602 – $109,055 per year

Psychiatric Nurse Practitioner Salary by Industry

Most people do not realize that there are many industries that psychiatric nurse practitioners can work in. If you want to be a part of this career, you should consider some of these different industries because they may make a difference in your annual earnings. Possible salaries by industry include:

  • Community Mental Health: $61,402 – $103,593 per year
  • Health Clinic: $49,000 – $101,137 per year
  • Healthcare: $68,619 – $110,649 per year
  • Hospital: $39,732 – $92,738 per year
  • Psychiatric Hospital: $49,377 – $121,050 per year
  • Psychiatric Services: $60,539 – $121,641 per year

Psychiatric Nurse Practitioner Salary by Degree

You will need a master’s or doctorate to work as a psychiatric nurse practitioner, but that does not mean your educational opportunities are limited. There are many variations of these degrees that you could go through. Possible salaries by degree include:

  • Doctorate in Nursing: $75,000 – $104,964 per year
  • Master of Science in Nursing, Nurse Practitioner specialty: $72,500 – $100,000 per year
  • Master of Science in Nursing, Psychiatric Nurse Practitioner specialty: $85,223 – $103,177 per year
  • Master of Science in Nursing, Psychiatric Nursing specialty: $60,256 – $101,588 per year
  • Master of Science in Nursing, Psychiatry specialty: $61,277 – $146,807 per year

Psychiatric Nurse Practitioner Salary by Employer Type

Different types of employers have different needs in their psychiatric departments. With more responsibility often comes higher pay. Possible salaries by employer include:

  • College or University: $69,306 – $86,128 per year
  • Company: $57,188 – $117,122 per year
  • Federal Government: $81,715 – $127,521 per year
  • Hospital: $59,245 – $105,049 per year
  • Non-Profit Organization: $67,291 – $101,159 per year
  • Private Practice or Firm: $60,000 – $103,564 per year
  • Self-Employed: $73,698 – $161,151 per year
  • State & Local Government: $58,175 – $110,995 per year

Psychiatric Nurse Practitioner Salary by Company Size

The size of the company you work for may not have much of an influence on your pay. The statistics below actually suggest that small companies pay more than larger companies, even if that goes against logic. Possible salaries by company size include:

  • 1-9 staff members: $72,877 – $258,381 per year
  • 10-49 staff members: $63,738 – $108,194 per year
  • 50-199 staff members: $60,608 – $125,683 per year
  • 200-599 staff members: $69,447 – $117,446 per year
  • 600-1999 staff members: $59,598 – $110,788 per year
  • 2000-4999 staff members: $61,825 – $104,222 per year
  • 5000-19999 staff members: $45,958 – $117,446 per year

Psychiatric Nurse Practitioner Salary by Specialty

If you choose to specialize in an area of psychiatrics, you may make a little extra money. This depends on the specific specialty you choose to pursue. Possible salaries by specialty include:

  • Acute Care: $71,329 – $95,000 per year
  • Case Management: $58,723 – $105,704 per year
  • Family Practice: $59,180 – $104,469 per year
  • Geriatrics: $60,820 – $118,359 per year
  • Medicine or Surgery: $72,945 – $111,200 per year
  • Pediatrics: $60,402 – $110,299 per year
  • Psychiatric: $61,313 – $108,879 per year

Psychiatric Nurse Practitioner Salary by Location

The economy changes throughout the country, and with it changes the salary of NPS in the area. Keep this in mind if you are willing to move for your profession in the future. Possible salaries by location include:

  • California: $70,710 – $123,668 per year
  • Illinois: $60,820 – $118,359 per year
  • Massachusetts: $58,958 – $101,682 per year
  • New York: $60,000 – $130,000 per year
  • North Carolina: $26,174 – $89,396 per year
  • Ohio: $60,200 – $96,384 per year
  • Texas: $65,000 – $101,497 per year

Psychiatric Nurse Practitioner Salary by Certification

There are many certifications you can hold to make yourself a more versatile employee. The better your credentials are, the better your pay should be. Possible salaries by certification include:

  • Advanced Cardiac Life Support: $59,800 – $116,350 per year
  • Advanced Practice Registered Nurse-Board Certified: $61,683 – $106,436 per year
  • American Nurses Credentialing Center: $60,768 – $110,872 per year
  • Cardiopulmonary Resuscitation (CPR): $49,022 – $110,765 per year
  • Critical Care: $68,784 – $121,209 per year
  • Family Practice: $45,958 – $123,442 per year
  • Pediatrics: $59,000 – $122,449 per year
  • Psychiatric Mental Health Nurse Practitioner: $80,247 – $121,462 per year

Note that the information above is courtesy of PayScale.com as of May 22, 2012. It may not reflect the information at the time you read this article.