Best Online Grad Schools for Master's Programs 2024 Top Consensus Ranked Schools for Online Master's Degree Programs

Online Master’s degree programs continue to grow in popularity, with the majority of graduate schools now offering them as a more flexible and affordable option for students. Our annual ranking of the Best Online Graduate Schools highlights the top master’s degree programs online according to both experts and students. If you’re interested in an online professional doctorate or PhD program, check out our 2024 ranking of the Best Online Doctoral Programs.

The Growing Popularity of Online Master’s Degrees

Online master’s degrees have been gaining popularity in recent years. Several factors contribute to this trend, including the flexibility and convenience they offer to working professionals who may not have the time to attend traditional on-campus classes. Online master’s programs also provide access to a broader range of courses and institutions, allowing students to choose programs that best fit their needs without geographical constraints. Additionally, advancements in technology and the increasing acceptance of online education have contributed to the growing popularity of pursuing master’s degrees online.

We created our ranking of the Best Online Graduate Schools for 2024 as a guide for students seeking an accredited online master’s degree program with the quality and reputation to help them achieve their goals.

Ranking the Best Online Graduate Schools: College Consensus Methodology

College Consensus rankings combine the results of the most respected college ranking systems with the averaged ratings of thousands of real student reviews. Our approach offers a comprehensive and holistic perspective missing from other college rankings. Visit our about page for information on which rankings and review sites were included in this year’s consensus rankings.

The Online Graduate Schools category is limited to schools offering at least three fully-online master’s degree programs. Information about the number and type of online master’s programs offered was taken directly from the school’s website.

Summary of Top 10 Best Grad Schools for Accredited Online Master’s Degree Programs

Rank	School	School Type	Accreditation	Number of Online Master’s Programs	Consensus Score
1.	Stanford University	4-year, Private not-for-profit	WASC Senior College and University Commission	12	93.3
2.	Columbia University	4-year, Private not-for-profit	Middle States Commission on Higher Education	32	90.5
3.	Vanderbilt University	4-year, Private not-for-profit	Southern Association of Colleges and Schools, Commission on Colleges	8	89.5
4.	University of Pennsylvania	4-year, Private not-for-profit	Middle States Commission on Higher Education	8	89.1
5.	University of Michigan	4-year, Public	Higher Learning Commission	16	88.1
6.	University of Florida	4-year, Public	Southern Association of Colleges and Schools, Commission on Colleges	92	87.7
7.	Northwestern University	4-year, Private not-for-profit	Higher Learning Commission	21	87.3
8.	University of Southern California	4-year, Private not-for-profit	WASC Senior College and University Commission	100+	86.8
9.	Georgetown University	4-year, Private not-for-profit	Middle States Commission on Higher Education	13	86.5
10.	Washington University in St Louis	4-year, Private not-for-profit	Higher Learning Commission	5	86.4

The Pros and Cons of Earning a Master’s Degree Online

Before deciding whether to pursue a master’s degree online or to take a more traditional route, it’s important to consider both the advantages and the disadvantages.

Pros of Online Master’s Degrees:

1. Flexibility: Online master’s programs offer flexibility in terms of scheduling. Students can access course materials and participate in discussions at times that are convenient for them, making it easier to balance work, family, and education.
2. Accessibility: Online programs provide access to a broader range of universities and courses, allowing students to choose programs that align with their interests and career goals without being limited by geographical location.
3. Cost Savings: Online master’s programs often have lower tuition fees compared to traditional on-campus programs. Additionally, students can save on commuting and housing expenses, making education more affordable.
4. Career Advancement: Earning a master’s degree online can enhance career opportunities and contribute to professional development. Many employers value advanced degrees, and online programs allow individuals to continue working while pursuing higher education.
5. Diverse Learning Environment: Online classrooms attract students from various locations and backgrounds, fostering a diverse learning environment. This diversity can enhance discussions and provide different perspectives on course topics.

Cons of Online Master’s Degrees:

1. Limited Networking Opportunities: Online programs may have fewer networking opportunities compared to traditional on-campus programs. Building professional relationships and connections with professors and peers can be more challenging in a virtual setting.
2. Self-discipline Required: Online learning requires a high level of self-discipline. Students need to manage their time effectively, stay motivated, and actively engage in coursework without the structure of regular on-campus classes.
3. Technology Challenges: Technical issues, such as poor internet connectivity or computer malfunctions, can disrupt the online learning experience. Students may encounter difficulties accessing course materials or participating in virtual classes.
4. Perceived Credibility: Some employers and industries may still perceive online degrees as less credible compared to traditional degrees. It’s essential for individuals to choose accredited online programs to ensure the legitimacy of their degrees.
5. Lack of Hands-on Experience: Certain disciplines, such as those requiring extensive laboratory work or hands-on training, may face limitations in online environments. Practical aspects of some courses may be challenging to replicate in a virtual setting.

Are Online Master’s Programs Reputable?

Where online degrees were once dominated by predatory for-profit diploma mills, today, nearly every reputable, trusted university in the nation offers at least some fully-online master’s degree programs. A lot of these are in the most in-demand fields, like technology, healthcare, and business. Interfaces have improved to the point that many online classes are just as engaging and interactive as real-world classes. And more importantly, employers no longer see an online master’s degree as a liability – they see it as the valuable professional training that it is. 

Places that offer online master’s programs are no different from any other learning institution. All the same rules apply. People seeking a master’s program will want to earn their online degree from one of the many fully-accredited online universities.

Accreditation means the program or institution received either regional or national validation from an official review board. A college or institution can only receive accreditation if it meets or exceeds the strict standards set by the review board. Online universities and institutes with online degree programs must also go through accreditation.

Fully accredited online universities hold the same weight and full reputation as any other university whether online or off. In fact, checking for valid accreditation is a good first step for those seeking a reputable online master’s program.

What Are Some of the Best Master’s Degrees for Adults Returning to College?

Returning to college can come with many challenges. Before choosing an online university, the choice of which master’s degree to pursue must come first. Often, it’s possible for people to figure out which degree to pursue by analyzing their personal goals.

For example, someone already working in their chosen profession may want to pursue a degree in that discipline so they can advance and do more with their careers. Some others may want to switch gears and jump into an entirely new career. No matter the case, there are a few degrees that work well for adults returning to college.

Business MBA – A postgraduate business degree works well for those who want to boost their earning potential and on take leadership roles in business. MBA programs are also good for networking with like-minded people.

Nursing MSN – Going from a bachelor’s to a master’s in nursing makes a lot of sense for RNs who want to branch out and take on specialized or advanced nursing practices.

Law LLM, MLS, MSL – Pursuing an LLM after obtaining a JD will help law practitioners specialize in a specific field. As a specialist, it’s possible to focus on a particular client base to maximize earnings. An MLS or MSL degree works for those who want to have advanced legal knowledge for any of a number of roles, but don’t want to practice law.

These represent good degrees to consider, but people should choose the online graduate programs that line up best with their goals.

How Long Does it Take to Get a Master’s Degree Online?

How long an online master’s degree program takes will depend on several factors. People can find 1-year master’s programs online and even 6-month master degree online programs. In most cases, the quickest master’s degree online will represent whichever program fits the applicant’s schedule.

Many accelerated degree programs for working adults exist. Some programs have short time frames by nature. For example, it’s possible to find 1-year master’s programs online for a Law LLM degree simply because that particular degree typically takes a year to complete.

By contrast, obtaining a 6-month master’s degree online will usually require the applicant to work extra hard. People should choose the program they legitimately feel they can handle. Earning the quickest master’s degree online is possible, but only for the dedicated.

Many accelerated degree programs for working adults often allow applicants to move at their own pace. So, someone can choose an accelerated pace, but don’t necessarily have to.

Can I Make More Money with an Online Master’s Degree?

One of the main reasons to pursue further study for a master’s degree is to increase earning potential. Just having a master’s allows someone to demand a higher salary. But, that master’s degree also allows people to move into higher-paying positions and careers in general.

In the current job market, master degree average salary sits higher than the average salary of someone with a bachelor’s. Master degree average salary can also see numbers far higher depending on the degree’s specific field of study. For example, those with the top master’s degrees in demand will always see more by way of earnings.

However, the top master’s degrees in demand can change over time, so no one list can always say which is the best graduate degree to pursue. With that in mind, applicants should also consider those degrees that have stood the test of time.

Discipline	Starting Salary (w/ Masters)
Engineering	$86,826
Computer Science	$83,681
Math/Science	$82,848
Business	$80,305

Different people bring a passion to different careers. The best graduate degree to pursue is the one that can truly make a positive difference in someone’s life.

How Much Does an Online Master’s Degree Program Cost?

Online master’s degree programs can vary widely in pricing. Finding the most affordable graduate schools will depend on your location and what you want to study. Loans, financial aid, and all the other traditional ways to fund college will also come into play.

The most affordable graduate schools for one person will not necessarily seem so affordable to another. Nevertheless, many accredited online master’s degree programs are out there. Even traditional colleges offer online degree programs, so there’s always something to suit anyone’s budget.

Is Financial Aid Available for Online Master’s Degree Programs?

Financial aid is often available for online master’s degree programs, similar to traditional on-campus programs. Students pursuing online master’s degrees may be eligible for various forms of financial assistance, including:

1. Federal Aid: This includes grants, loans, and work-study programs provided by the U.S. Department of Education. Students can fill out the Free Application for Federal Student Aid (FAFSA) to determine eligibility.
2. Scholarships: Many universities offer scholarships specifically for online students. Additionally, there are external organizations and foundations that provide scholarships based on academic achievement, field of study, or other criteria.
3. Employer Tuition Assistance: Some employers offer tuition reimbursement or assistance programs for employees seeking to further their education.
4. Private Loans: Private lenders also offer student loans for those who may not qualify for or need additional funding beyond federal aid.
5. Grants and Fellowships: Some graduate students may qualify for grants and fellowships based on their academic achievements, research interests, or other criteria.

It’s important for prospective students to research and explore all available financial aid options, contact the financial aid offices of the universities they are considering, and determine their eligibility for different programs. Additionally, meeting application deadlines for financial aid is crucial to ensuring timely assistance.

Related:

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Ultimate Guide to Online Master’s Degrees
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