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Timecodes
0:00 - Intro
0:45 - NP and PA Salaries are Very Similar
3:29 - The Job Market is Better for Nurse Practitioners
6:48 - NP and PA Myer's-Briggs Personalities
7:58 - NP and PA Holland Codes are Very Similar
Many people plotting their careers have difficulty deciding between becoming a physician assistant or a nurse practitioner. Both these occupations have fantastic job prospects and income potential. They are also both highly respected and trusted occupations. They both require years of education. Base salaries are almost identical for Nurse Practitioners and Physician Assistants. In 2019, Physician Assistants had a base salary of $112,410. Nurse Practitioners had a base salary of $111,840, only $570 lower than Physician Assistants. Both in 2019 were significantly outearned by Nurse Anaesthetists, who earned a staggering $181,040 as a base salary. Both did outearn: Nurse-Midwives: $108,810, Occupational Therapists: $86,210, Physical Therapists: $90,170
Not only are the salaries very similar in 2019, but they have also been almost identical for some time. In 2012, physician assistants earned more. From 2013-2018, nurse practitioners earned more. Then in 2019, physician assistants pulled ahead once again. Based on the past trends, the base salaries of the two will continue to converge. In 2021, we can forecast that physician assistants will earn on average $461. By 2029, physician assistants are forecasted to earn $14 more than nurse practitioners. The only differences in wages begin when you start comparing these two occupations at the state level. Certain states tend to pay Physician Assistants more and vice versa.
The nurse practitioner workforce is larger than the physician assistant workforce and many other similar occupations. In 2019, there were 200,600 employed nurse practitioners and 120,090 physician assistants. There were also far more of both of these occupations than: Nurse Anesthetists: 43,570 Nurse-Midwives: 6,930. Both fields have seen high job growth, but nurse practitioners have seen more. rom 2012 to 2019, there was a gain of 36,450 employed physician assistants. Meanwhile, in that same time period, there was a gain of 94,820 nurse practitioners. The number of employed nurse practitioners has almost doubled in only 7 years. The job forecast is also in favor of nurse practitioners over physician assistants, although both have fantastic job forecasts. The number of employed in the average occupation is expected to rise by 4%. The government forecasted a 33% increase in physician assistants from 2019 to 2029. Meanwhile, for nurse practitioners, a staggering 50% job growth is expected from 2019 to 2029. Both are hot fields, but nurse practitioners are expected to see greater job growth. Nurse practitioners also have a greater amount of job postings relative to the amount employed. On Indeed.com, searching for the following title keywords in the United States gave us the following:
"Nurse Practitioner": 12,245 Job Postings
"Physician Assistant": 5,745 Job Postings
Not all only were there more total job postings for nurse practitioners. There were more proportionally.
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