Job Market Overview

Job Market Overview For Nurse Practitioners And Physician Assistants

With some of the lowest unemployment rates and highest growth rates for any career path, nurse practitioners and physician assistants are highly sought after as we enter 2016. Performing a wide range of duties similar to a physician, both of these professions require significantly less education and training requirements than a family practice MD while still maintaining high salaries and growth rates throughout the country.

Nurse Practitioners and Physician Assistants Are Badly Needed In The Industry

One of the major reasons that both NPs and PAs are in such high demand is that hiring a medical doctor is expensive and both nurse practitioners and physical assistants can perform many of the same duties for lower cost. In fact, companies are realizing they can hire two NPs or PAs for the same cost to them as it would be having an MD on salary creating tens of thousands of new job openings across the United States.

Even as more primary physicians are hired to cope with the demand in healthcare, nurses and physician assistants are still required to perform daily duties which means there is multiple reasons for job growth making these two of the best medical career options available today and in the future.

Job Outlook For Physician Assistants and Nurse Practitioners

According to the United States Bureau of Labor Stastics, both nurse practitioner and physician assistant positions will see extremely high growth rates. Nurse practitioner jobs are expected to increase by 35% by 2024, even higher in some specialized areas such as a family care nurse practitioner. The demand for physician assistants is slightly lower, but still much higher than the national average, at a projected 30% by 2024, one of the highest projected employment growth sectors in the job market.

Physician Assistant and Nurse Practitioner Salary History And Future Projects

Physician Assistant and Nurse Practitioner salaries remain high across all states, even in rural areas. The median salary for physician assistants is calculated to be $95,820 per year which the top 10% earning $134,720. Similar salary ranges are expected for nurse practitioners with the median salary being $95,350. In addition to the high projected openings, salary projections are also high in both fields at around 19% by 2022, and as much as 22% in some specialties.

Looking for NP or PA Jobs?

If you are considering entering the field as a nurse practitioner or physician assistant or are currently looking for employment, a job board can help you find a job or see the demand for these career fields firsthand. Visit paboard to find job openings across the country.