I'm from Long Island, and the shortage of nursing educators is real and a huge problem for the students on the waiting list, and the number of students allowed into clinical practice. I am also a newbie RN, hopefully obtaining my BSN by next Spring! I have definite plans to pursue my Masters with a goal of teaching future nurses, as the population of Professors seem to be within 10+ years of retirement. Not only will be face a nursing shortage, we will have a severe shortage in teaching staff!
I am very surprised to learn that Australia will only allow PhD's to teach at the university level. Though my nursing school had a few doctorate prepared RN's, most had their Masters degree, and I do not believe anyone taught at the university/college level with a BSN. My nurse manager who is a BSN, also teaching BOCES to LPN students. As far as I know in New York/Long Island, the Masters level is the beginning level for teaching at the university/college level.