Overview of Online Master's Degrees
Can You Earn a Master's Degree Online?
Yes, you can earn a master's degree online. An accredited online master's degree demonstrates advanced knowledge of a particular subject and can carry the same prestige as an in-person degree. More than 1,000 accredited colleges offer fully online master's programs in over 100 disciplines across the U.S., and the number of online programs continues to grow as technology steadily improves. In fact, in the fall of 2019, , including master's and doctoral students. Interestingly, enrollment in online master's programs .
You can earn a master's degree online at over 1,000 accredited institutions across the U.S.
How Long Does It Take To Complete an Online Master's Program?
A typical online master鈥檚 program takes 1.5 to 2 years to complete for full-time students, whether it's completed online or in person. Some institutions, particularly for-profit schools, offer accelerated options with shorter terms, such as 5-8 week sessions, which can shorten the completion time. For working professionals or those with other commitments, part-time study is available, but this may extend the program duration to three years or more.
Typical time to completion: 1.5 to 2 years
Typical credits needed: 30 to 60 credits
Most programs require 30-60 credits, with full-time students typically taking 12-15 credits per term. While master's programs don't have the general education core courses found in undergraduate degrees, they often include core courses specific to the field of study, such as research methods or theory in specific disciplines.
How Much Does an Online Master's Degree Cost?
There are plenty of affordable online master's degrees, with many schools offering flat tuition rates regardless of residency. Costs vary widely by program, ranging from $7,000 to $57,000 annually. While tuition is the largest expense, online students may also face fees like technology charges but save on costs like room and board. Evaluating programs based on return on investment (ROI) can help ensure the degree pays off in future earnings, and financial aid is often available for online students just as it is for on-campus learners.
Are Online Master's Degrees Respected?
Yes, online master's programs 鈥� and online degrees at all levels 鈥� are widely respected. Even before the remote learning boom that occurred as a result of the COVID-19 pandemic, employers were increasingly accepting of online degrees. Way back in 2018, Northeastern University conducted that already showed how a solid majority of HR leaders believe that online learning is of equal quality to traditional degrees. In fact, 71% of these recruiters claimed that they had recently hired someone with an online degree or credential.
According to an even more recent in 2020, 78% of online students who have also learned in a face-to-face setting feel their online education experience was the same or better than their classroom experience. This highlights the strong value of online education from the students' own perspectives.
One crucial factor in determining whether employers will respect your online degree is regional accreditation. A regionally accredited school has undergone a rigorous peer-review process to meet nationally accepted educational standards. We make it easy by only listing accredited online schools on our site, and you can always verify a school鈥檚 accreditation through the Database of Accredited Postsecondary Institutions and Programs ().
Finally, unless you're attending an exclusively online college, your employer may not even know your degree was earned online. Most diplomas and transcripts don鈥檛 differentiate between online and traditional programs, as many colleges don鈥檛 see the need to make that distinction.
Is an Online Master's Degree Worth It?
The decision to enroll in an online master's degree program should be based on your personal, financial, and career goals. Consider the following factors:
Potential Pros:
-
Flexibility: Online classes are often asynchronous, allowing participants to watch pre-recorded lectures, post in discussion forums, and complete assignments around their busy schedules.
-
Increase earnings: According to the Bureau of Labor Statistics (BLS), those with a master鈥檚 degree make almost annually than a graduate with only a bachelor鈥檚 degree and also experience the lowest unemployment rates.
-
More choices: You may choose from online programs nationwide without spending the time, money, and energy that's required to physically move. From the comfort of your home, you can attend the top schools in your field.
-
Expertise: By focusing on a specialization within your field of study, you become an expert in your field when you complete an advanced degree. Plus, online study can prepare you for , an increasing trend in many sectors of the economy and desired role for many.
Potential Drawbacks
-
Networking: While online learning can provide convenience, the main benefit of a traditional campus program is direct engagement with classmates and faculty. These relationships may lead to career-boosting opportunities.
-
Support: Earning your master's can be challenging and time-consuming because advanced classes are often complex and demanding. In an online environment, you may find support lacking, especially compared to the strength of in-person peer and faculty groups.
-
Debt: Additionally, acquiring a master's degree may cause you to incur more debt, depending on your career path. The Education Data Initiative reports that the average , which is almost twice as much debt as graduates who only hold a bachelor's degree.
Deciding whether an online master鈥檚 degree is worth it depends on your personal and career goals. To explore these pros and cons further, visit our detailed guide on whether a master鈥檚 degree is worth it.
Applying To Online Master's Programs
While admission procedures vary across schools, several requirements are commonly expected for most master鈥檚 degree programs. Applicants typically need to have completed a bachelor鈥檚 degree before applying, and they are usually asked to submit official undergraduate transcripts that show a minimum GPA, often ranging between 3.0 and 3.5, though lower GPAs may undergo additional review. Other common requirements include letters of recommendation from professors or employers, an essay or statement of purpose outlining the applicant鈥檚 goals, an application fee (generally between $75 and $100), and a resume detailing relevant professional experience. And while some schools still require GRE scores, this requirement is increasingly being waived or made optional, depending on the program鈥�.
Elevating Your Career with an Online Master鈥檚 Degree
Pursuing an online master鈥檚 degree can be a pivotal step in advancing your career. With numerous accredited programs available in high-demand fields 鈥� like business, psychology, technology, and healthcare 鈥� students can gain specialized knowledge without compromising their personal or professional responsibilities. Whether you're aiming for career growth, a change in industry, or advanced academic achievement, an online master鈥檚 degree opens doors to new opportunities. Choosing the right program ensures not only enhanced skills and earnings potential but also prepares you for leadership in an increasingly competitive job market.
