College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

2024 Best Grad Schools in Indiana for Master's Degrees

33 Colleges
$59,681 Avg Salary

When pursuing a grad degree in today's world, there are 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 Master's Degree Colleges in Indiana ranking.

Jump to Any of the Following Sections: * Our Methodology

Your Choice of Grad School Matters

We analyzed 33 grad schools across Indiana to determine which have the best master's degree programs. Instead of depending on subjective information to rank the best grad schools, we focus on objective factors in our analysis. More specifically, the following explains what we consider and why.

Average Early-Career Salaries

One measure we use to determine the quality of a school is to look at the average salary of master's graduates during the early years of their career. This is because one of the main reasons people pursue a master's degree is to enable themselves to find better-paying positions.

Student Loan Borrowing

Another factor that we look at to determine a school's ranking is the average debt load that graduate students take on while they are working on their master's degree. The average amount taken out in student loans for graduates at a particular school may be crippling for those who earn less than average wages after graduation.

Additional Ranking Factors We Use

Our Best Master's Degree Schools considers other factors in addition to average post-graduation earnings and average student debt. These factors include things like the educational resources, the demand associated with the school, whether or not the school offers online classes, and the student body caliber - just to name a few.

To learn more, visit our graduate school ranking methodology page.

Custom Rankings

Rankings by Location Check Out Other Locales
Doctorate Degrees Ranking Other Graduate Rankings
Are you more interested in the top master's degree schools in your area? Try narrowing this list by location. In addition, we've put together a number of other college rankings that may help you in your search.

If you plan to take your education even further, you may want to visit our Best Doctorate Degree Schools ranking.

Top Master's Degree Schools in Indiana

Learn more about these excellent grad schools below:

1
Notre Dame crest
University of Notre Dame
Notre Dame, Indiana
1,161 Master's Degrees Awarded
$60,478 Average Early-Career Earnings

Our analysis found University of Notre Dame to be the best grad school for master’s degrees in Indiana in this year’s ranking. Notre Dame, Indiana is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out master’s degrees to 1,161 students in 2020-2021.

During the early years of their career, master’s degree graduates from Notre Dame make an average of $60,478 a year.

Full University of Notre Dame Report

2
Purdue crest
Purdue University - Main Campus
West Lafayette, Indiana
2,255 Master's Degrees Awarded
$81,411 Average Early-Career Earnings

A rank of #2 on our Best Master’s Degree in Indiana list means Purdue University - Main Campus is a great place for students working on their degree. Purdue is located in West Lafayette, Indiana and has a large student population. In 2020-2021, this school awarded 2,255 master’s degrees to qualified graduate students.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $81,411 during the early years of their career.

Full Purdue University - Main Campus Report

3
2,641 Master's Degrees Awarded
$55,377 Average Early-Career Earnings

A rank of #3 on our Best Master’s Degree in Indiana list means Indiana University - Bloomington is a great place for students working on their degree. Located in Bloomington, Indiana, the large public school awarded 2,641 diplomas to qualifed master’s degree students in 2020-2021.

During the early years of their career, master’s degree graduates from IU Bloomington make an average of $55,377 a year.

Full Indiana University - Bloomington Report

4
Ball State crest
Ball State University
Muncie, Indiana
2,364 Master's Degrees Awarded
$53,069 Average Early-Career Earnings

A rank of #4 on our Best Master’s Degree in Indiana list means Ball State University is a great place for students working on their degree. Located in Muncie, Indiana, the fairly large public school awarded 2,364 diplomas to qualifed master’s degree students in 2020-2021.

Those who receive a master’s degree from Ball State go into careers with an average salary of $53,069 during the early years of their career.

Learn More About Ball State University

5
St. Mary's College crest
Saint Mary's College
Notre Dame, Indiana
31 Master's Degrees Awarded
$59,752 Average Early-Career Earnings

You’ll be in good company if you decide to attend Saint Mary’s College. It ranked #5 on our 2024 Best Master’s Degree Schools in Indiana list. St. Mary’s College is a small private not-for-profit school situated in Notre Dame, Indiana. It awarded 31 master’s degrees in 2020-2021.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $59,752 during the early years of their career.

Read full report on Saint Mary’s College

6
Butler crest
Butler University
Indianapolis, Indiana
250 Master's Degrees Awarded
$77,997 Average Early-Career Earnings

Butler University landed the #6 spot on the 2024 Best Master’s Degree Schools in Indiana ranking. Butler is located in Indianapolis, Indiana and has a medium-sized student population. In 2020-2021, this school awarded 250 master’s degrees to qualified graduate students.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $77,997 during the early years of their career.

Read full report on Butler University

7
1,929 Master's Degrees Awarded
$71,101 Average Early-Career Earnings

Indiana University - Purdue University - Indianapolis ranked #7 on this year’s Best Master’s Degree Schools in Indiana list. Indiana University - Purdue University - Indianapolis is a large public school located in Indianapolis, Indiana that handed out 1,929 master’s degrees in 2020-2021.

The average salary of a graduate with a master’s degree from IUPUI is $71,101 during the early years of their career.

Learn More About Indiana University - Purdue University - Indianapolis

8
1,500 Master's Degrees Awarded
$53,948 Average Early-Career Earnings

Indiana Wesleyan University - National & Global ranked #8 on this year’s Best Master’s Degree Schools in Indiana list. Indiana Wesleyan University - National & Global is a fairly large private not-for-profit school located in Marion, Indiana that handed out 1,500 master’s degrees in 2020-2021.

Those who receive a master’s degree from IWU go into careers with an average salary of $53,948 during the early years of their career.

Full Indiana Wesleyan University - National & Global Report

9
121 Master's Degrees Awarded
$50,009 Average Early-Career Earnings

Indiana Wesleyan University did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #9. Located in Marion, Indiana, the small private not-for-profit school handed out 121 master’s degrees in 2020-2021.

Graduates with a master’s degree from IWU make an average of $50,009 per year during the early years of their career.

Learn More About Indiana Wesleyan University

10
761 Master's Degrees Awarded
$53,507 Average Early-Career Earnings

University of Southern Indiana ranked #10 on this year’s Best Master’s Degree Schools in Indiana list. USI is located in Evansville, Indiana and has a medium-sized student population. In 2020-2021, this school awarded 761 master’s degrees to qualified graduate students.

During the early years of their career, master’s degree graduates from USI make an average of $53,507 a year.

Learn More About University of Southern Indiana

11
Marian crest
Marian University
Indianapolis, Indiana
174 Master's Degrees Awarded
$46,671 Average Early-Career Earnings

Marian University came in at #11 in this year’s edition of the Best Master’s Degree Schools in Indiana ranking. Located in Indianapolis, Indiana, the small private not-for-profit school awarded 174 diplomas to qualifed master’s degree students in 2020-2021.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $46,671 during the early years of their career.

Read full report on Marian University

12
Purdue University Global crest
Purdue University Global
West Lafayette, Indiana

Purdue University Global ranked #12 on this year’s Best Master’s Degree Schools in Indiana list.

Read full report on Purdue University Global

13
238 Master's Degrees Awarded
$74,553 Average Early-Career Earnings

University of Saint Francis - Fort Wayne did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #13. This small private not-for-profit school is located in Fort Wayne, Indiana, and it awarded 238 master’s degrees in 2020-2021.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $74,553 during the early years of their career.

Read full report on University of Saint Francis - Fort Wayne

14
150 Master's Degrees Awarded
$44,639 Average Early-Career Earnings

Grace College and Theological Seminary came in at #14 in this year’s edition of the Best Master’s Degree Schools in Indiana ranking. Grace College is located in Winona Lake, Indiana and has a small student population. In 2020-2021, this school awarded 150 master’s degrees to qualified graduate students.

The average salary of a graduate with a master’s degree from Grace College is $44,639 during the early years of their career.

Read full report on Grace College and Theological Seminary

15
UE crest
University of Evansville
Evansville, Indiana
87 Master's Degrees Awarded
$39,860 Average Early-Career Earnings

University of Evansville ranked #15 on this year’s Best Master’s Degree Schools in Indiana list. Evansville, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 87 students in 2020-2021.

Those who receive a master’s degree from UE go into careers with an average salary of $39,860 during the early years of their career.

Learn More About University of Evansville

16
Valpo crest
Valparaiso University
Valparaiso, Indiana
209 Master's Degrees Awarded
$58,736 Average Early-Career Earnings

Valparaiso University did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #16. Valparaiso, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 209 students in 2020-2021.

The average salary of a graduate with a master’s degree from Valpo is $58,736 during the early years of their career.

Full Valparaiso University Report

17
UIndy crest
University of Indianapolis
Indianapolis, Indiana
374 Master's Degrees Awarded
$63,821 Average Early-Career Earnings

University of Indianapolis landed the #17 spot on the 2024 Best Master’s Degree Schools in Indiana ranking. UIndy is a private not-for-profit institution located in Indianapolis, Indiana. The school has a medium-sized population, and it awarded 374 master’s degrees in 2020-2021.

Upon graduation, master’s degree recipients go on to jobs making an average salary of $63,821 during the early years of their career.

Full University of Indianapolis Report

18
Huntington crest
Huntington University
Huntington, Indiana
48 Master's Degrees Awarded
$36,232 Average Early-Career Earnings

Huntington University did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #18. Huntington, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 48 students in 2020-2021.

During the early years of their career, master’s degree graduates from Huntington make an average of $36,232 a year.

Read full report on Huntington University

19
Indiana State crest
Indiana State University
Terre Haute, Indiana
512 Master's Degrees Awarded
$63,126 Average Early-Career Earnings

Indiana State University did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #19. Indiana State University is a medium-sized public school located in Terre Haute, Indiana that handed out 512 master’s degrees in 2020-2021.

The average salary of a graduate with a master’s degree from Indiana State is $63,126 during the early years of their career.

Learn More About Indiana State University

20
320 Master's Degrees Awarded
$67,880 Average Early-Career Earnings

With a ranking of #20, Purdue University Northwest did quite well on the 2024 Best Master’s Degree Schools in Indiana list. Purdue Northwest is located in Hammond, Indiana and has a medium-sized student population. In 2020-2021, this school awarded 320 master’s degrees to qualified graduate students.

During the early years of their career, master’s degree graduates from Purdue Northwest make an average of $67,880 a year.

Read full report on Purdue University Northwest

21
62 Master's Degrees Awarded
$67,702 Average Early-Career Earnings

Anderson University Indiana landed the #21 spot on the 2024 Best Master’s Degree Schools in Indiana ranking. Anderson, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out master’s degrees to 62 students in 2020-2021.

The average salary of a graduate with a master’s degree from Anderson University Indiana is $67,702 during the early years of their career.

Read full report on Anderson University Indiana

22
PFW crest
Purdue University Fort Wayne
Fort Wayne, Indiana
219 Master's Degrees Awarded
$70,752 Average Early-Career Earnings

Purdue University Fort Wayne did quite well in the 2024 Best Master’s Degree Schools in Indiana ranking, coming in at #22. PFW is a public institution located in Fort Wayne, Indiana. The school has a medium-sized population, and it awarded 219 master’s degrees in 2020-2021.

Graduates with a master’s degree from PFW make an average of $70,752 per year during the early years of their career.

Read full report on Purdue University Fort Wayne

23
160 Master's Degrees Awarded
$54,927 Average Early-Career Earnings

Indiana University - Southeast came in at #23 in this year’s edition of the Best Master’s Degree Schools in Indiana ranking. Indiana University - Southeast is a small public school located in New Albany, Indiana that handed out 160 master’s degrees in 2020-2021.

During the early years of their career, master’s degree graduates from Indiana University - Southeast make an average of $54,927 a year.

Read full report on Indiana University - Southeast

24
90 Master's Degrees Awarded
$47,462 Average Early-Career Earnings

Bethel University - Mishawaka ranked #24 on this year’s Best Master’s Degree Schools in Indiana list. Located in Mishawaka, Indiana, the small private not-for-profit school handed out 90 master’s degrees in 2020-2021.

The average salary of a graduate with a master’s degree from Bethel University is $47,462 during the early years of their career.

Full Bethel University - Mishawaka Report

25
Oakland City crest
Oakland City University
Oakland City, Indiana
44 Master's Degrees Awarded
$61,947 Average Early-Career Earnings

Oakland City University came in at #25 in this year’s edition of the Best Master’s Degree Schools in Indiana ranking. Located in Oakland City, Indiana, the small private not-for-profit school handed out 44 master’s degrees in 2020-2021.

The average salary of a graduate with a master’s degree from Oakland City is $61,947 during the early years of their career.

Learn More About Oakland City University

Best Master's Degree Schools in the Great Lakes Region

View Best Master’s Degree Schools Nationwide >

More Rankings >

Notes and References

More about our data sources and methodologies.

Popular Reports

College Rankings
Best by Location
Degree Guides by Major
Graduate Programs

Compare Your School Options