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Updated October 12, 2022 · 6 Min Read
Earning a master's degree can increase your salary potential and lead to an exciting career. Find the best online master's programs for you.
Are you ready to discover your college program?
A master's degree can lead to more opportunities in today's competitive job market. Graduate degree-holders can also qualify for high-paying careers. According to Payscale data from Dec. 2021, master's degree-holders earn an average salary of $78,000 per year. Comparatively, Payscale reports that bachelor's degree-holders earn an average annual salary of $65,000.
Professionals with a master's degree often become leaders in their field. Master's degree-seekers learn about theories that guide practices and write a thesis. Virtual learning allows learners to earn an advanced degree conveniently. This guide covers the steps to earning an online master's degree.
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Frequently Asked Questions About Master's Degrees
How many years is a master's degree?
Most full-time students earn a master's degree in about two years. Part-time learners may need four years.
What's the difference between a bachelor's degree and a master's degree?
Bachelor's programs take longer than master's programs. Bachelor's curricula focus on entry-level information, while master's students gain a specialized view of their subject.
Can I get a master's degree in a field unrelated to my bachelor's degree?
Yes. Many master's programs accept students with a bachelor's degree in any subject. Learners pursuing a master's degree in a field unrelated to their undergraduate studies may need to take prerequisite courses.
Featured Online Masters Programs
Find a program that meets your affordability, flexibility, and education needs through an accredited, online school.
Why Get a Master's Degree?
Master's degree-holders often earn more than people with a bachelor's degree. According to the Bureau of Labor Statistics (BLS), professionals with a master's degree earn a median weekly income of about $1,545. Bachelor's degree-holders earn a median of $1,300 per week.
In addition to qualifying holders for higher salaries, a master's degree can lead to more job opportunities. Graduate students learn the reasoning and theories that guide practice in their field. They also conduct research to fill in industry knowledge gaps.
Busy students often pursue an online master's degree. The flexibility of online learning allows students to continue working while earning their degree.
How Much Does a Master's Degree Cost?
The exact cost of earning a master's degree depends on a few factors. For example, private institutions tend to charge more than state schools. According to the National Center for Education Statistics, graduate students paid an average of $19,792 in tuition and fees for the 2019-20 academic year. However, graduate students attending public institutions paid an average of $12,410 for the same academic year.
Online learners often pay discounted tuition rates and are exempt from paying campus fees. They may also save on commuting costs. The following section highlights additional fees for online students.
Additional Online Master's Student Fees
Many online programs charge a virtual classroom fee. Online students may need to pay for an upgraded video conferencing platform, such as Zoom.
Online students should also budget for books. Learners can save money by purchasing used books, renting materials, or choosing digital versions. Online students also need to purchase and maintain a quality computer, and they need high-speed internet access.
Careers in some fields, such as education and medicine, require certification or licensure. These credentials require additional fees.
Available Online Master's Degrees
Students earning an online master's degree build upon foundational industry knowledge. In addition to practical applications, degree-seekers explore theory and research. Students learn to think critically and make decisions based on best practices. Many master's programs feature lecture-based courses and research assignments. Learners also complete a thesis.
With many options to choose from, graduate students can find a master's degree to fit their career goals. The following list highlights a few noteworthy options. Program availability varies by school, so learners should research their prospective institution for more information.
Education Professionals in the education field can pursue a master of arts in teaching or a master of education. The latter highlights theory and research. Learners think critically about the state of education. A master of arts in teaching emphasizes practice. Students specialize in an area such as math or English.
The BLS projects employment for education professionals to increase 10% from 2020-2030. A master's in education qualifies graduates to become high-earning teachers, administrators, and college professors.
Registered nurses can pursue a master's degree to become nurse practitioners. Nurse practitioners diagnose and treat ailments, and they write prescriptions. The curriculum covers topics including medical ethics and pharmacology.Nursing
A master's degree in information technology explores new uses for technology. Degree-seekers explore computing processes and gain problem-solving skills. Graduates often become computer and information research scientists, who earn a median salary of $126,830 per year, according to BLS data.Information Technology
Best Online Master's Programs 2022
#1
Southern New Hampshire University
School Information | |
---|---|
Location | Manchester, New Hampshire |
Admission Rate | 88% |
Graduation Rate | 44% |
Instituation Type | Private |
Accreditation | Yes |
Percent Online Enrollment | 94% |
Fast Facts
School Type: Private
Concentrations Available: Accounting, applied economics, business analytics, communication, criminal justice, cybersecurity, data analytics, English, nursing, finance, history, higher education administration, healthcare, information technology, marketing, psychology, sports management
Accredited By: New England Commission of Higher Education
Do Distance Learners Pay In-State Tuition? N/A
Founded in 1963, Southern New Hampshire University (SNHU) enrolls over 135,000 students and offers more than 250 programs. Students can pursue one of over 100 master's degrees in fields like accounting, communication, and cybersecurity. Learners can complete their degree in 10 months.
SNHU charges $627 per credit. Most online master's degrees require 36 credits. Enrollees can transfer up to 12 graduate credits. SNHU offers five annual start dates. The school does not require the GMAT or GRE.
Available Scholarship: Finlay Family Scholarship
#2
Liberty University
School Information | |
---|---|
Location | Lynchburg, Virginia |
Admission Rate | 51% |
Graduation Rate | 47% |
Instituation Type | Private |
Accreditation | Yes |
Percent Online Enrollment | 92% |
Fast Facts
School Type: Private
Concentrations Available: Accounting, aeronautics, counseling, biomedical sciences, Bible, business administration, communication, criminal justice, cybersecurity, divinity, education, engineering, history, homeland security and disaster management, human biology, human performance, information systems and technology, international relations, juris master, marketing, medical science, music, nursing political science, psychology, public administration, public health, public policy, public safety, religion, sports, worship studies
Accredited By: Southern Association of Colleges and Schools Commission on Colleges
Do Distance Learners Pay In-State Tuition? N/A
A Christian school in Lynchburg, Virginia, Liberty University offers nearly 300 online master's degrees across many academic fields. Liberty has provided distance-education options since 1985. Learners can pursue master's degrees in fields like nursing, education, and political science. Students typically take classes in eight-week blocks. Most programs require 1.5-2 years to complete.
Liberty offers tuition discounts for qualifying military members, first responders, missionaries, and Southern Baptists from select states. Admission requirements vary by degree.
Available Scholarship: Middle America Scholarship
#3
Florida International University
School Information | |
---|---|
Location | Miami, Florida |
Admission Rate | 58% |
Graduation Rate | 63% |
Accreditation | Yes |
Percent Online Enrollment | 68% |
Fast Facts
School Type: Public
Concentrations Available: Accounting, African and African diaspora studies, computer engineering, construction management, criminal justice, curriculum and instruction, engineering management, finance, global affairs, healthcare, health informatics and analytics, health services administration, hospitality management, human resource management, international business, international real estate, logistics and supply chain management, logistics engineering, marketing, mass communication, music education,
public administration, public health, special education
Accredited By: Southern Association of Colleges and Schools Commission on Colleges
Do Distance Learners Pay In-State Tuition? Yes
Florida International University (FIU) enrolls almost 54,000 students, giving it one of the nation's 10 largest student bodies. The school offers hundreds of majors, including 50 online graduate degrees in a variety of concentrations. Some options include economics, education, and engineering.
FIU also offers some programs in an executive or hybrid environment. Some programs may lead to professional licensure or certification. Online students learn from the same instructors who teach on-campus programs. FIU's online platform lets learners study in a flexible and interactive format.
Available Scholarship: Academic Merit Scholarship
#4
Ohio State University-Main Campus
School Information | |
---|---|
Location | Columbus, Ohio |
Admission Rate | 54% |
Graduation Rate | 86% |
Accreditation | Yes |
Percent Online Enrollment | 34% |
Fast Facts
School Type: Public
Concentrations Available: Plant health management; art education; bioethics; nursing; dental hygiene; engineering management; engineering leadership; healthcare innovation; learning technologies; public administration and leadership; public health; agricultural communication, education, and leadership; translational pharmacology; welding engineering; health-system pharmacy administration; social work; translational data analytics; business administration; business analytics
Accredited By: Higher Learning Commission
Do Distance Learners Pay In-State Tuition? No
The Ohio State University maintains one of the world's largest alumni networks, with more than 500,000 graduates all over the globe. Students can pursue their master's degrees online and learn from the same faculty who teach on campus.
Ohio State offers master's degrees in many fields, including art, business, and education. Online applicants follow the same admissions procedure as on-campus students. Requirements vary by program. Once enrolled, distance education learners can access technical support and other student services.
Available Scholarship: J. Parker and Kathryn Webb Dinius Fellowship
#5
Arizona State University-Skysong
School Information | |
---|---|
Location | Scottsdale, Arizona |
Admission Rate | 64% |
Graduation Rate | 4% |
Accreditation | Yes |
Percent Online Enrollment | 98% |
Fast Facts
School Type: Public
Concentrations Available: Architecture and construction, arts, business, communication and media, computing and mathematics, education and teaching, engineering and technology, entrepreneurship, health and wellness, humanities, interdisciplinary studies, law, justice and public service, science, social and behavioral sciences, sustainability, STEM
Accredited By: Higher Learning Commission
Do Distance Learners Pay In-State Tuition? No
Arizona State University-Skysong (ASU) offers over 100 online master's degrees in a variety of fields. Some options include forensic psychology, project management, and engineering. ASU offers enrollment options throughout the year.
ASU offers several opportunities for current undergraduate students to accelerate their education. Some fields let learners start studying for a master's degree concurrent with their bachelor's degree.
Specific timeframes, requirements, and admissions criteria vary by program. Applicants typically need a bachelor's degree and a minimum 3.0 GPA in the final 60 credits.
Available Scholarship: Dr. Mark and Mrs. Judy Searle Graduate Scholarship
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FAQs
Which masters degree is most in-demand in future? ›
- Marketing.
- Human resources.
- Business ethics.
- Business law.
- Accounting.
- Finance.
- Economics.
- Business policies.
- Business administration. A Master of Business Administration degree, or MBA , is the most popular graduate degree available. ...
- Health care administration. ...
- Engineering. ...
- Computer and information sciences. ...
- Nurse anesthesia. ...
- Human resources management. ...
- Physician assistant. ...
- Math.
- Master of Business Administration (MBA)
- Master of Science in Nursing.
- Master of Engineering Management.
- Master of Science in Petroleum Engineering.
- Master of Science in Finance.
- Master of Arts in Political Science.
- Master of Science in Computer Science.
- Masters of Fine Arts (MFA)
- Masters of Arts (MA)
- Masters in Mass Communication.
- Masters of Psychology.
- Masters of Finance.
- Masters of Human Resource Management (MHRM)
- Masters of Business Administration (MBA)
- Masters of Science (MSc)
Having a master's degree may be very good for your job prospects. In fact, there are some jobs that outright require them. If you're looking for work as a statistician, political scientist, biomedical engineer, or speech-language pathologist, a master's degree is often expected.
Which Masters is in demand? ›- Business administration. A Master of Business Administration, or MBA, is one of the most highly sought-after master's degrees globally and a stepping stone to C-suites jobs at big organisations. ...
- Healthcare administration. ...
- Computer science. ...
- Marketing.
A master's degree is one of the most prestigious educational degrees available in the U.S., and can lead to a well-paying career in one of several industries. Some of the highest-paying master's degrees are in nursing and computer science, but psychologists, economists, and mathematicians rank highly too.
Which master's degrees are worth it? ›...
20 majors most likely to have a graduate degree.
Major | Share with graduate degree |
---|---|
Aerospace engineering. | 51.8%. |
Mathematics. | 51.2%. |
Foreign language. | 50.8%. |
Psychology. | 50.6%. |
Technology jobs offer a high level of income due to the skill required for the career. Careers in cybersecurity, computer engineering, and engineering management are among the highest-paying careers with a master's.
What are the 2 most common master's degrees called? ›The most common academic master's degrees are the Master of Arts (MA or AM) and Master of Science (MS or SM). However, there are many different master's degree titles, especially in the professional fields.
Are online masters degrees respected? ›
Yes. Advanced degrees completed online have just the same value as if you were to attend class in person. Just look for one that's verified by one of the many accrediting agencies out there and backed up by U.S. News & World Report's highest level higher education rankings.
What is the cheapest way to get a masters degree? ›The most affordable graduate schools are usually public institutions because they receive more federal funding. According to the NCES, the average master's degree from public colleges and universities cost $13,758 less than at private schools.
How much should a master's degree increase your salary? ›Master's degree
The earnings increase from the bachelor's level to the master's level is approximately 20%. Specifically, the median income for master's degree holders is $77,844 per year, and the unemployment rate is 2%.
- Engineering. Engineering is a large scientific branch focused on the practical design and building of structures or machines. ...
- Healthcare. ...
- Psychology. ...
- Computer Science. ...
- Business. ...
- Information Technology. ...
- Accounting. ...
- Economics & Finance.
- Artificial Intelligence.
- Bee The Change.
- Big Data.
- Blockchain Technology.
- Cloud Computing.
- Cyber Security.
- Data Science.
- Criminology.
The latest averages for completing an accredited master's program are right around $30,000 to $40,000. However, some high-end private schools may charge as much as $100,000 for your degree. Master's degrees typically involve at least 1-3 years of full time study beyond the bachelor's degree.
Does a Masters degree guarantee a job? ›And, while many students may think a master's degree will help increase their chances of getting a job, that isn't always the case. About 9% of Americans have master's degrees but it increased their employability by less than 3%, according to research site educationdata.org.
How hard is a Masters degree? ›In general, master's degree programs are more difficult than undergraduate programs. That's because they build on existing concepts and skills. When you're going for your bachelor's degree, you spend your time reviewing what other people have discovered.
How do I choose the right Master program? ›- Take inventory of your passions and motivations. ...
- Do your research and explore your options. ...
- Keep your career goals in mind. ...
- Make sure the program fits your lifestyle. ...
- Consider your finances. ...
- Talk to admissions advisors, students, and alumni. ...
- Network with faculty.
The Master of Business Administration or MBA is one of the most coveted master's degrees in the world. Business Administration graduates are experts in a wide range of skills which include among many, the following; effective communication, time management, customer service, problem-solving, and organizational skills.
Is having a master's degree impressive? ›
Getting a master's degree is more than just earning a degree. It's going above and beyond what is expected in the pursuit of knowledge and career advancement. It is viewed by many as a respectable pursuit.
What is a good Masters degree to get in 2022? ›- Data Science – A 21st Century Choice. ...
- Cybersecurity – A Timely, In-Demand Master's. ...
- Business Administration (MBA) – The Pick for Managers. ...
- Healthcare Administration – The Business of Healthcare. ...
- Project Management – Best for Project Leaders.
If you have one doctorate, you've achieved the doctoral level. A second (or higher) master's keeps you at the master's level. It can give you greater breadth, but that's not the same as greater depth. It's also not the same level of credential, especially for administrative positions, which often require a doctorate.
What career makes the most money? ›Rank | Occupation | 2021 Median Wages |
---|---|---|
Employment column two Annual | ||
1 | Obstetricians and Gynecologists | $208,000+ |
1 | Ophthalmologists, Except Pediatric | $208,000+ |
1 | Oral and Maxillofacial Surgeons | $208,000+ |
If there is a clear goal in your mind and you are content in your field, a one-year Masters programme is a great choice. People with longer work experience and a proven quantitative aptitude tend to prefer this type of programme, because they can handle the intensity of the coursework.
Can you have two master degrees? ›It's entirely possible to earn two master's degrees and there are many reasons to do so. Two master's degrees can help you to pursue more than one academic field, qualify for a position with more responsibility and opportunities and help you to become a top candidate for higher paying jobs.
Does your master's degree have to be related to your Bachelor's? ›Myth 1: You can only complete my master's degree in the same field as your bachelor's degree. The Truth: As long as you have a bachelor's degree and have completed the prerequisite coursework, you can get any master's degree you want.
How long is masters degree? ›Master's degrees typically take two years to complete, but the timeframe can vary from person to person. Depending on your degree program and whether you're going to school full-time or part-time, it could take you less time to get your master's degree – or more.
What percentage of the population has a masters degree? ›About 13.1 Percent Have a Master's, Professional Degree or Doctorate. The educational level of American adults is on the rise as more college graduates go on to earn master's, professional and doctoral degrees.
How much should a master's degree increase your salary? ›Master's degree
The earnings increase from the bachelor's level to the master's level is approximately 20%. Specifically, the median income for master's degree holders is $77,844 per year, and the unemployment rate is 2%.
Which masters degree is most in demand in UK? ›
- Business and Administration. ...
- Architecture, Building, and Planning. ...
- Nursing. ...
- Veterinary Science. ...
- Mathematics. ...
- Mass, Communication and Documentation. ...
- Law. ...
- Combined. If you are expert in more than one area, employers are more likely to notice you.
- Public Health. ...
- Finance. ...
- Human Resources Management. ...
- Mechanical Engineering. ...
- Pharmacy degree. ...
- Electrical Engineering. ...
- Psychology. ...
- International Relations.