A nursing and physicianate degree can be earned for just under $70,000 in the United States, according to a new study by a nursing professor at Emory University.
The new analysis, which was released Monday, used the U.S. Bureau of Labor Statistics’ 2016 College Board credentialing and career planning database.
The average annual salary for a nursing and pediatrician in the U, as of the time of publication, was $63,938, and the average physician’s salary was $72,084, according the study, published by the Economic Policy Institute.
The report noted that the average annual wage for a nurse was $54,923, while the average salary for pediatricians was $78,945.
The average wage for an associate professor of nursing was $67,939, while for a doctorate of medicine was $85,068.
While the data was presented in a “one-size-fits-all” way, the data included more than half of all the degrees earned by all of the nursing professions in the country, and some of those degrees earned as much as $120,000 annually, the study said.
The study found that the median annual wage of all nursing jobs was $68,941, which is almost double the median salary of a doctor or associate professor.
The median salary for an assistant professor of medicine is $67.42, and for an MD, the median is $79.49.
The median salary across all professions was $83,906, with the highest median salary in the field of family medicine at $99,632, according, the report said.
According to the Economic Journal, in the past three years, the number of nursing and medical students graduating from public colleges and universities nationwide has nearly doubled, with almost 1.4 million nursing students graduating in 2015 and nearly 1.2 million medical students.
The EPI also reported that the number, size, and growth of the nation’s physician workforce has been increasing for the past two decades.
According the EPI, the nation has more physicians than doctors, but the number is growing much slower.
The number of physicians in the nation grew by about 14,000 to 2.8 million in the same time period.
However, the growth of physicians over the last two decades has been slower than the growth in the number overall, the EJP report said, adding that the nation is losing doctors at a slower rate than it is gaining them.