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2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k

105 Ranked Colleges
10,027 Degrees Awarded
$28,500 Avg Grad Tuition & Fees*
Best Value Theology Schools for a Master's For Those Making $30-$48k

When pursuing a degree in today’s world, students have many different options to choose from. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Theology Schools for a Master’s For Those Making $30-$48k” ranking.

Theological & Ministerial Studies is the 55th most popular major in the country with 15,051 degrees awarded in 2019-2020. In 2017-2018, theological and ministerial studies graduates who were awarded their degree in 2015-2017, earned an average of $36,911 and had an average of $41,597 in loans still to pay off.

At the master’s degree level specifically, there were 10,027 theological and ministerial studies graduates with average earnings and debt of $56,398 and $43,194 respectively.

This year’s “Best Value Theology Schools for a Master’s For Those Making $30-$48k” ranking looked at 105 colleges that offer degrees in a bachelor’s in theological and ministerial studies. Not only do the schools that top this list have excellent theological and ministerial studies programs, but they also cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the theological and ministerial studies program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

One Size Does Not Fit All

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Theology Schools for a Master’s For Those Making $30-$48k” list, to help you choose the best school for you.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Theology Schools for a Master’s For Those Making $30-$48k

The following schools top our list of the Best Best Value Theology Schools for a Master’s For Those Making $30-$48k.

Top 25 Best Value Master’s Degree Colleges for Theological & Ministerial Studies (Income $30-$48k)

#1

Duke University

Durham, North Carolina

You’ll be in good company if you decide to attend Duke University. It ranked #1 on our 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k list. Duke is a fairly large school located in Durham, North Carolina that handed out 140 masters’s theology degrees in 2019-2020.

Duke not only placed well in this ranking. It is also #1 on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. Average graduate tuition and fees at Duke are $59,140, but you may pay more or less depending on your major.

Read more about Theological & Ministerial Studies at Duke

#2

Harvard University

Cambridge, Massachusetts

You’ll join some of the best and brightest minds around if you attend Harvard University. The school came in at #2 for the Best Value Theology Schools for a Master’s For Those Making $30-$48k. Harvard University is a private not-for-profit institution located in Cambridge, Massachusetts. The school has a large population, and it awarded 115 masters’s degrees in 2019-2020.

Harvard also took the #5 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at Harvard are $50,654, but some majors have different tuition rates.

Read more about Theological & Ministerial Studies at Harvard

#3

Yale University

New Haven, Connecticut

You’ll be in good company if you decide to attend Yale University. It ranked #3 on our 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k list. Yale University is a fairly large private not-for-profit school situated in New Haven, Connecticut. It awarded 114 masters’s theology degrees in 2019-2020.

As a testament to the quality of education offered at Yale, the school also landed the #3 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at Yale are $44,500, but some majors have different tuition rates.

Full Yale Theological & Ministerial Studies Report

#4

University of Chicago

Chicago, Illinois

You’ll be in good company if you decide to attend University of Chicago. It ranked #4 on our 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k list. UChicago is a fairly large private not-for-profit school situated in Chicago, Illinois. It awarded 59 masters’s theology degrees in 2019-2020.

UChicago also took the #4 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at University of Chicago are $61,548, but some majors have different tuition rates.

Full UChicago Theological & Ministerial Studies Report

#5

Vanderbilt University

Nashville, Tennessee

Out of the 105 schools in the Best Value Theology Schools for a Master’s For Those Making $30-$48k that were part of this year’s ranking, Vanderbilt University landed the #5 spot on the list. Vanderbilt University is a fairly large private not-for-profit school situated in Nashville, Tennessee. It awarded 65 masters’s theology degrees in 2019-2020.

Vanderbilt not only placed well in this ranking. It is also #15 on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. Average graduate tuition and fees at Vanderbilt are $50,624, but some majors have different tuition rates.

Full Vanderbilt Theological & Ministerial Studies Report

#6

University of Notre Dame

Notre Dame, Indiana

University of Notre Dame landed the #6 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. University of Notre Dame is located in Notre Dame, Indiana and, has a fairly large student population. In 2019-2020, this school awarded 68 masters’s theology degrees to qualified students.

In addition to being on our master’s degree theology students whose families make $30-$48k list, Notre Dame has also earned the #2 rank in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at University of Notre Dame are $57,522, but some majors have different tuition rates.

Full University of Notre Dame Theological & Ministerial Studies Report

#7

Boston College

Chestnut Hill, Massachusetts

Boston College ranked #7 on this year’s Best Value Theology Schools for a Master’s For Those Making $30-$48k list. Chestnut Hill, Massachusetts is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 77 students in 2019-2020.

Boston College also made our “Best Theological & Ministerial Studies Master’s Degree Schools” list, coming in at #10. Average graduate tuition and fees at Boston College are $31,930, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Boston College

#8

Wake Forest University

Winston-Salem, North Carolina

Wake Forest University came in at #8 in this year’s edition of the Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. This medium-sized school is located in Winston-Salem, North Carolina, and it awarded 34 masters’s theology degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Wake Forest University are $39,216.

Read full report on Theological & Ministerial Studies at Wake Forest University

#9

Emory University

Atlanta, Georgia

With a ranking of #9, Emory University did quite well on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k list. This fairly large school is located in Atlanta, Georgia, and it awarded 97 masters’s theology degrees in 2019-2020.

Emory not only placed well in this ranking. It is also #8 on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Emory are $44,676.

Read full report on Theological & Ministerial Studies at Emory University

#10

Criswell College

Dallas, Texas

Criswell College came in at #10 in this year’s edition of the Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Criswell College is a small school located in Dallas, Texas that handed out 9 masters’s theology degrees in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at Criswell College are $10,224.

Read more about Theological & Ministerial Studies at Criswell College

#11

Boston University

Boston, Massachusetts

Boston University ranked #11 on this year’s Best Value Theology Schools for a Master’s For Those Making $30-$48k list. Boston University is a private not-for-profit institution located in Boston, Massachusetts. The school has a large population, and it awarded 58 masters’s degrees in 2019-2020.

Boston U did well in our major quality rankings, too. It placed #17 on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Boston U are $57,666.

Read more about Theological & Ministerial Studies at Boston University

Midwestern Baptist Theological Seminary landed the #12 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Located in Kansas City, Missouri, this small private not-for-profit school awarded 192 degrees to qualified masters’s theology students in 2019-2020.

MBTS also took the #13 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at Midwestern Baptist Theological Seminary are $6,950, but you may pay more or less depending on your major.

Read full report on Theological & Ministerial Studies at MBTS

#13

Trevecca Nazarene University

Nashville, Tennessee

Trevecca Nazarene University landed the #13 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Trevecca Nazarene University is a private not-for-profit institution located in Nashville, Tennessee. The school has a small population, and it awarded 15 masters’s degrees in 2019-2020.

Average graduate tuition and fees at Trevecca Nazarene University are $9,282, but some majors have different tuition rates.

Read more about Theological & Ministerial Studies at Trevecca Nazarene University

#14

Freed-Hardeman University

Henderson, Tennessee

Freed-Hardeman University came in at #14 in this year’s edition of the Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Freed-Hardeman University is a small private not-for-profit school situated in Henderson, Tennessee. It awarded 10 masters’s theology degrees in 2019-2020.

Average graduate tuition and fees at Freed-Hardeman University are $10,980, but some majors have different tuition rates.

Full Freed-Hardeman University Theological & Ministerial Studies Report

Vanguard University of Southern California did quite well in the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking, coming in at #15. Costa Mesa, California is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 4 students in 2019-2020.

Vanguard not only placed well in this ranking. It is also #0 on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Vanguard University of Southern California are $16,180.

Read more about Theological & Ministerial Studies at Vanguard

#16

Saint Johns University

Collegeville, Minnesota

Saint Johns University ranked #16 on this year’s Best Value Theology Schools for a Master’s For Those Making $30-$48k list. This small school is located in Collegeville, Minnesota, and it awarded 14 masters’s theology degrees in 2019-2020.

Average graduate tuition and fees at SJU are $17,760, but you may pay more or less depending on your major.

Read full report on Theological & Ministerial Studies at SJU

#17

Clarks Summit University

South Abington Township, Pennsylvania

Clarks Summit University came in at #17 in this year’s edition of the Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. South Abington Township, Pennsylvania is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 22 students in 2019-2020.

Although you might pay more or less depending on your area of study, average graduate tuition and fees at CSU are $8,280.

Read full report on Theological & Ministerial Studies at Clarks Summit University

#18

Harding University

Searcy, Arkansas
Top 20% in overall quality

Harding University landed the #18 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Searcy, Arkansas is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 15 students in 2019-2020.

In addition to being on this list, Harding is in the top on our “Best Theological & Ministerial Studies Master’s Degree Schools” list. It’s in the top 20% of all schools reviewed in that analysis. Average graduate tuition and fees at Harding University are $11,928, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Harding University

#19

Point University

West Point, Georgia

Point University ranked #19 on this year’s Best Value Theology Schools for a Master’s For Those Making $30-$48k list. Point is a private not-for-profit institution located in West Point, Georgia. The school has a small population, and it awarded 2 masters’s degrees in 2019-2020.

Point also made our “Best Theological & Ministerial Studies Master’s Degree Schools” list, coming in at #0. Average graduate tuition and fees at Point are $16,700, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Point University

#20

Andrews University

Berrien Springs, Michigan
#12 in overall quality

Andrews University landed the #20 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Andrews University is a private not-for-profit institution located in Berrien Springs, Michigan. The school has a small population, and it awarded 115 masters’s degrees in 2019-2020.

In addition to being on our master’s degree theology students whose families make $30-$48k list, Andrews has also earned the #12 rank in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Andrews University are $28,910.

Full Andrews University Theological & Ministerial Studies Report

#21

Lancaster Bible College

Lancaster, Pennsylvania

Lancaster Bible College did quite well in the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking, coming in at #21. Lancaster Bible College is a private not-for-profit institution located in Lancaster, Pennsylvania. The school has a small population, and it awarded 19 masters’s degrees in 2019-2020.

Average graduate tuition and fees at Lancaster Bible College are $11,460, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Lancaster Bible College

#22

The Baptist College of Florida

Graceville, Florida

With a ranking of #22, The Baptist College of Florida did quite well on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k list. The Baptist College of Florida is a small school located in Graceville, Florida that handed out 1 masters’s theology degrees in 2019-2020.

In addition to being on our master’s degree theology students whose families make $30-$48k list, BCF has also earned the #0 rank in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at The Baptist College of Florida are $4,860.

Read more about Theological & Ministerial Studies at The Baptist College of Florida

#23

Bethel University Minnesota

Saint Paul, Minnesota

Bethel University Minnesota landed the #23 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Bethel University Minnesota is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 47 masters’s degrees in 2019-2020.

In addition to being on our master’s degree theology students whose families make $30-$48k list, Bethel University Minnesota has also earned the #7 rank in our “Best Theological & Ministerial Studies Master’s Degree Schools” ranking. Average graduate tuition and fees at Bethel University Minnesota are $11,700, but some majors have different tuition rates.

Full Bethel University Minnesota Theological & Ministerial Studies Report

#24

Lenoir - Rhyne University

Hickory, North Carolina

Lenoir - Rhyne University landed the #24 spot on the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking. Hickory, North Carolina is the setting for this small institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 12 students in 2019-2020.

Average graduate tuition and fees at Lenoir - Rhyne University are $11,700, but you may pay more or less depending on your major.

Read full report on Theological & Ministerial Studies at Lenoir - Rhyne University

#25

University of Dallas

Irving, Texas

University of Dallas did quite well in the 2022 Best Value Theology Schools for a Master’s For Those Making $30-$48k ranking, coming in at #25. This small school is located in Irving, Texas, and it awarded 23 masters’s theology degrees in 2019-2020.

Average graduate tuition and fees at UD are $33,750, but you may pay more or less depending on your major.

Full University of Dallas Theological & Ministerial Studies Report

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Notes and References

References

  • The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
  • Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

Read more about our data sources and methodologies

Footnotes

  • *Average salary, average net price, and average tuition and fees are for the top schools only.
  • Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

  • Credit for the banner image above goes to Jonund.

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