Nurse Vs Finance Degree, Which One Is Better?

Nurse Vs Finance Degree, Which One Is Better? (Must Read)

Are you attempting to figure out what you want to study or what career you want to pursue?

Perhaps you’re currently studying or working in the fields of Nursing or Finance and it’s not working out.

Choosing a course of study and a professional path can be a tough and scary undertaking.

As a result, this is why I’ve written this article.

Nurse Vs Finance Degree, Which One Is Better?

Nursing and finance are not better than one another. They are two very different types of careers. One is about helping sick people, the other is about analysing and presenting numbers. Nursing and finance are both high-demand professional areas that provide interesting, varied, and well-paying opportunities.

First, you need to decide what you like better. If working with sick people, constantly being on your feet and working night shift or enjoy regular hours crunching numbers and analysing numbers and graphs.

Nurses Walk Long Distances x
Nurses Walk Long Distances

Both professions have the potential to lead to a rewarding career; nevertheless, your ability to adapt to the domain you pick is important.

Understanding the differences between the two disciplines is perhaps the most efficient approach to discover and follow your passions.

You may then pick the best choices for yourself, taking into account employment prospects, income, and, most importantly, your interests.

Now that we’ve answered the main question, let’s look at what it takes to be a Nurse vs.Finance

Let’s talk about Finance

A Finance student is comfortable with mathematics, use financial skills to solve problems and analytical skills.

Finance major you can look forward to careers paths in financial advising, counselling and planning for investors or community organisations; funds management; management consulting; retail, commercial and investment banking; treasury management; trading and dealing.

Finance positions can be quite rewarding. Working alone or in groups to solve problems, analyse numbers and charts, as well as establishing relationships to ensure that your company’s or clients’ financial needs are met with care and attention to detail.

 

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So let’s talk about Nursing

Nursing requires a serious commitment, so if you are compassionate and have the desire to serve the weak and sick, this is the career route for you.

Furthermore, you must be willing to work long hours under stressful situations and prioritise the needs of your patients before your own.

Nursing is a well-paying job, but it comes with a lot of stress and physical labour that is taxing on your body. Unless you’re a cold-hearted, uncaring individual, it’s also emotionally taxing.

On the other side, it’s extremely satisfying because you have such a positive impact on so many people in so many different ways. There are days when you’ll genuinely save a life, if not two.

Nurses with advanced degrees are in high demand around the world, and they can find work in both the commercial and public sectors fast.

To start your career off as a Nurse you start to become a Registered Nurse usually take one of three education paths: a bachelor’s degree in nursing, an associate’s degree in nursing, or a diploma from an approved nursing program.

With further studies, you can specialise and become a Nurse Practioner which comes with high duties, more responsibility and higher pay.

Many people believe that nursing entails providing care to patients.

It is, however, much more than that.

Nurses are increasingly taking on leadership responsibilities in healthcare settings, and they are capable of diagnosing, treating, and managing patients without the assistance of supervisors.

Furthermore, advanced education allows you to specialise in a certain field.

Speciality fields such as Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners

Being a Nurse is really fulfilling since you get to meet a variety of people and assist them in watching patients improve over the course of treatment and/or rehabilitation and achieve their goals.

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Nurses What They Do At Work?

Registered nurses (RNs) provide and coordinate patient care, educate patients and the public about various health conditions, and provide advice and emotional support to patients and their families.

Registered nurses typically do the following:

  • Assess patients’ conditions
  • Record patients’ medical histories and symptoms
  • Observe patients and record the observations
  • Administer patients’ medicines and treatments
  • Set up plans for patients’ care or contribute information to existing plans
  • Consult and collaborate with doctors and other healthcare professionals
  • Operate and monitor medical equipment
  • Help perform diagnostic tests and analyze the results
  • Teach patients and their families how to manage illnesses or injuries
  • Explain what to do at home after treatment

Let me clarify the difference between a Nurse Practitioner and a Registered Nurse in case you’re not sure.

A bachelor’s degree in nursing, an associate’s degree in nursing, or a diploma from an accredited nursing programme is the most common educational options for Registered Nurses (RN). Nurse Practitioners (NP) have a higher level of education and usually require at least a master’s degree in an area related to advanced practice nursing. A Nurse Practitioner is a Registered Nurse (RN) who has increased their knowledge, skills, and competencies in order to practise at a higher level.

Finance Managers What They Do At Work?

Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

Financial managers typically do the following:

  • Prepare financial statements, business activity reports, and forecasts
  • Monitor financial details to ensure that legal requirements are met
  • Supervise employees who do financial reporting and budgeting
  • Review financial reports and seek ways to reduce costs
  • Analyze market trends to maximize profits and find expansion opportunities
  • Help management make financial decisions

There are several branches or specialities in this field, just as there are in any other. Finance Analyst is one of them.

Typically, financial analysts begin by concentrating in a particular investing field.

As they gain expertise, they may advance to the position of portfolio manager, selecting the investment mix for a company’s portfolio

They may also work as fund managers for private investors with substantial investment portfolios. Analysts with a master’s degree in finance or business administration may have a better chance of progressing to one of these roles.

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Nurse Or Finance, Who Earns More? (Explained)

Finance Managers earn more than Nurses Practitioners, with the median wage of a Nurse Practitioner $117,670 compared to $134,180.

However, these numbers should be used a rough guide as wages will vary on the number of years of experience, geographical location, etc.

Job Role Median Wage / Per Annum
Nurse Practitioners, Nurse Anesthetists, Midwives $117,670
Registered Nurse $75,330

According to US Labor Bureau and Statistics, the median annual wage for nurse anaesthetists, nurse midwives, and nurse practitioners was $117,670 per year in 2020.

The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less.

The lowest 10 per cent earned less than $82,460, and the highest 10 per cent earned more than $184,180.

Median annual wages for nurse anaesthetists, nurse midwives, and nurse practitioners in May 2019 were as follows:

Nurse anaesthetists $183,580
Nurse practitioners $111,680
Nurse-midwives $111,130

In May 2020, the median annual wages for nurse anaesthetists, nurse midwives, and nurse practitioners in the top industries in which they worked were as follows:

Hospitals; state, local, and private $124,660
Outpatient care centres $122,840
Offices of physicians $114,570
Offices of other health practitioners $111,610
Educational services; state, local, and private $111,400

Source; Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners: Occupational Outlook Handbook: U.S. Bureau of Labor Statistics (bls.gov)

Job Role Median Wage / Per Annum
Finance Manager $134,130
Finance Analyst $83,660

Source; Financial Managers : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics (bls.gov)

 

Final Thoughts

Nursing or Finance is better than the other. They are two different career paths. First, you need to decide what you like better. If working with sick people, constantly being on your feet and working night shift or enjoy regular hours crunching numbers and analysing numbers and graphs.

The good news is both Nursing and Finance provide interesting, varied, and well-paying career paths that are in high demand.

It is important to choose what to study.

Speak with trustworthy friends and family members, and think about obtaining professional help.

Before choosing a career path to study, consider your talents and limits, as well as your likes and dislikes.

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References

  • Source; Nurse Anesthetists, Nurse Midwives, and Nurse Practitioners: Occupational Outlook Handbook: U.S. Bureau of Labor Statistics (bls.gov)
  • Registered Nurses : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics (bls.gov)
  • Financial Managers : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics (bls.gov)