Career as nanny (Financial issues)

[Anonymous]

Hi friends,
I am working as nanny almost four years. No doubt I love children and love working as nanny. But, still I am not sure am I going to be nanny for all my life?
My concern is about financial issue. As nanny how much we make ? I don’t think even with ten years experience we are going to make 80k .
I just wanted to know ( if you would like to share)how many of you are interested to have a career as nanny? I want to know your views How you are comfortable financially as nanny?
Thanks in advance for all replies

[Anonymous]

Being a nanny will never make you rich, OP. But neither will being a teacher or a nurse or a hundred other professions. Hopefully you have your college degree so you can earn top dollar. Start investing a little money and get a retirement account going. Save.

[Anonymous]

Thanks for your reply. But, I think Nurse make much more then nanny makes.
I totally understand we can’t be rich as nanny . I am just comparing nanny job to other professions money wise.
Not talking about lawyers, surgeons or doctors just other professions who are making avarage.
I think nurses make easily 80k.
Any ways thanks again for helpful advice about saving.

[Anonymous]

So, if you live in DC, 80K might seem like a basic middle-class salary. But for most people, 80K is actually a high-paying job.

Some nannies will make that much, but most stall out around 45-50K, which is honestly pretty good for a job that has no educational requirements. Teaching and nursing both require college degrees (and licensing, for that matter). On the other hand, teaching and nursing also involve a lot of oversight, micro-managing, and dealing with lots and lots of people, many of whom aren't particularly nice.

[Anonymous]

Anonymous wrote:Being a nanny will never make you rich, OP. But neither will being a teacher or a nurse or a hundred other professions. Hopefully you have your college degree so you can earn top dollar. Start investing a little money and get a retirement account going. Save.

Being a teacher or nurse will, however, give you respect as a professional whereas being a nanny you will always be "The Help." There is the fact that nursing and teaching have job security and there is no job security as a nanny. No job security, low pay, no respect. This is what you have as a nanny.

I worked my way through college as a secretary, another job with no respect, low pay, and little job security. Get yourself a college degree in a marketable skill. Good luck.

[Anonymous]

A Licensed Practical Nurse in Virginia has a starting salary of $46,000,/,yr with benefits, all health benefits, vacation, sick days.

[Anonymous]

Nanny of 12 years. Get out of the field. It’s perfectly fine if you’ll be a married SAHM by 30 but it’s a waste of time otherwise. No one respects you and the salary tops out around 55k for long hours no benefits and no security.

[Anonymous]

Anonymous wrote:Hi friends,
I am working as nanny almost four years. No doubt I love children and love working as nanny. But, still I am not sure am I going to be nanny for all my life?
My concern is about financial issue. As nanny how much we make ? I don’t think even with ten years experience we are going to make 80k .
I just wanted to know ( if you would like to share)how many of you are interested to have a career as nanny? I want to know your views How you are comfortable financially as nanny?
Thanks in advance for all replies

Interesting. I’ve applied for several positions advertised between 80 and 100k per year. However, the requirements are beyond most nannies.

[Anonymous]

Op here where did you applied? I didn’t see any position that offer more then $30 hourly on care.com or sittercity

[Anonymous]

Do you have a college degree, OP? You can make a great deal more with a BA or a masters in Early Childhood Development or Education. If you speak two languages fluently, can sign, are certified in infant care or sleep training, etc - you can earn about 100K a year with a higher profile family.

Still you will always be freelancing and switching jobs as your charges get older. You need to start retirement savings now.

[Anonymous]

Op here , I have collage degree in education not early child development. Unfortunately, my degree is not from US. I have send my degree from evaluation . They evaluated my bachelor degree to US associates degree. I have few certification in early child development.
I speak three different languages. How I could find a position with higher profile families?
thanks

[Anonymous]

Anonymous wrote:Op here , I have collage degree in education not early child development. Unfortunately, my degree is not from US. I have send my degree from evaluation . They evaluated my bachelor degree to US associates degree. I have few certification in early child development.
I speak three different languages. How I could find a position with higher profile families?
thanks

Sign with a great agency. And work on getting your BA from a US university.

[Anonymous]

If you want to make money, you should start a business. Yes you can buy a house and have a home daycare. With 8-10 kids, you could make the 80k you want and be your own boss.

[Anonymous]

Being honest I don’t want to go back to school. I have been study for 14 years . Do you think the agencies will not accept my bachelor degree?

[Anonymous]

Anonymous wrote:Being honest I don’t want to go back to school. I have been study for 14 years . Do you think the agencies will not accept my bachelor degree?

I think that if it's equivalent to a US Associate's Degree, then that's what they'll say about it.

I also think that high-profile families who are looking to pay more than the standard rates are looking for a particular "package." You need to be relentlessly positive, be able to show a portfolio of references, certificates, and ides for what you would do with children, and you need to be able to look the part. That is, dress professionally.