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Best Master's Programs in Indiana

By David Krug, Co-Founder, CollegeRanker · Updated 2026-05-31 · 46 schools · Agent Insights
46
Schools Analyzed
$54,866
Avg. Earnings (10yr)
57%
Avg. Graduation Rate
$18,631
Avg. Net Price

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When considering a master's program in Indiana, prospective students face a range of options across 46 schools. These programs share a focus on graduate outcomes, which can significantly impact future earnings and career success. The right choice can lead to a more stable financial future and strong professional connections.

What makes some programs stand out more than others are their graduate earnings, completion rates, and student debt levels. For instance, the average earnings for graduates in this list is $54,866, while the overall graduation rate averages 57%. This data helps illustrate which programs not only graduate students but also help them achieve solid financial outcomes post-graduation.

Take the University of Notre Dame, for example, which tops the list with impressive earnings of $99,980 and a graduation rate of 96%. In contrast, Purdue University Northwest has a much lower earning average of $48,318 and a graduation rate of just 43%. The stark difference in these metrics highlights the importance of choosing a program that aligns with your career goals and financial expectations.

Key Findings

University of Notre Dame graduates earn an average of $99,980, the highest in Indiana.

Purdue University Northwest has a graduation rate of only 43%, significantly below the state average of 57%.

The average debt load for DePauw University graduates is $27,000, higher than the Indiana average of $19,000.

Indiana University-Bloomington has a net price of $16,264, making it more affordable compared to other top programs.

Quick Numbers

Schools ranked 46
Avg. earnings at 10yr $54,866
Avg. graduation rate 57%
Avg. net price $18,631
Avg. median debt $23,078

How We Ranked

Master's programs in Indiana ranked by graduate outcomes

Read our full methodology →

Earnings vs. Cost

Each dot is a ranked school. Up = higher earnings. Right = higher cost. Top-left is the best value.

$15K$68K$120K$0$50KNET PRICEUniversity ofDePauw UniversityPurdue University-MainBall StateUniversity of

Graduation Rates

Longer bars = higher graduation rate.

University of Notre Dame96%DePauw University77%Purdue University-Main C…83%Ball State University63%University of Southern I…50%University of Evansville68%Goshen College63%Valparaiso University69%Grace College and Theolo…69%Wabash College77%Huntington University66%Butler University80%Oakland City University68%Earlham College68%Taylor University75%Indiana University-Bloom…81%Hanover College65%Indiana State University42%Saint Mary's College73%University of Indianapol…56%

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Full Rankings

#1

University of Notre Dame

Notre Dame, IN · 8,818 students · Private nonprofit

With a strong focus on academic excellence and a vibrant campus life, the University of Notre Dame attracts students who are eager to engage in a close-knit community. The impressive 96% graduation rate speaks to the support students receive, helping them not only complete their degrees but thrive in the process.
11% accepted 96% graduate $99,980 earnings
University's full profile
#2

DePauw University

Greencastle, IN · 1,905 students · Private nonprofit

Nestled in the charming town of Greencastle, DePauw University fosters a close-knit community with a focus on liberal arts education for its 1,905 students. With a graduation rate of 77%, students here benefit from small class sizes and personalized attention that enhance their learning experience.
57% accepted 77% graduate $70,527 earnings
DePauw's full profile
#3

Purdue University-Main Campus

West Lafayette, IN · 44,503 students · Public

Purdue University in West Lafayette is a hub for innovation and research, drawing students interested in fields like engineering and technology. With over 44,000 students, the atmosphere is energetic, and the 83% graduation rate indicates a supportive environment where students can succeed.
50% accepted 83% graduate $72,424 earnings
Purdue's full profile
#4

Ball State University

Muncie, IN · 13,988 students · Public

Home to nearly 14,000 students, Ball State University offers a vibrant campus life alongside a strong academic foundation. Although it has a graduation rate of 63%, many students find their niche in diverse programs and community engagement that prepares them for the workforce, with median earnings of $51,833 after ten years.
86% accepted 63% graduate $51,833 earnings
Ball's full profile
#5

University of Southern Indiana

Evansville, IN · 5,292 students · Public

Located in Evansville, the University of Southern Indiana provides a welcoming environment for students seeking a balance of academics and community. With a graduation rate of 50% and an impressive acceptance rate of 96%, USI attracts a diverse range of students eager to learn and grow.
96% accepted 50% graduate $47,605 earnings
University's full profile
#6

University of Evansville

Evansville, IN · 1,539 students · Private nonprofit

The University of Evansville offers a welcoming environment for its 1,539 students, with a graduation rate of 68%. Graduates earn a median salary of $53,770 ten years after leaving, highlighting the university's commitment to providing a solid return on investment for its students.
78% accepted 68% graduate $53,770 earnings
University's full profile
#7

Goshen College

Goshen, IN · 773 students · Private nonprofit

Goshen College is located in Goshen, Indiana, and nurtures a close-knit community with a focus on peace and justice. With a graduation rate of 63%, it attracts students who are passionate about social issues and want to make a positive impact on the world around them.
84% accepted 63% graduate $51,943 earnings
Goshen's full profile
#8

Valparaiso University

Valparaiso, IN · 2,083 students · Private nonprofit

Nestled in Valparaiso, Indiana, this private nonprofit university has a welcoming atmosphere and a commitment to student success, reflected in its 69% graduation rate. With 89% acceptance, it caters to a broad range of students, emphasizing a holistic approach to education alongside a strong liberal arts curriculum.
89% accepted 69% graduate $63,191 earnings
Valparaiso's full profile
#9

Grace College and Theological Seminary

Winona Lake, IN · 1,464 students · Private nonprofit

Grace College and Theological Seminary in Winona Lake, Indiana, offers a unique blend of faith-based education and academic rigor, with a graduation rate of 69%. The campus environment fosters personal growth and spiritual development, making it appealing for students interested in a Christian-centered education.
82% accepted 69% graduate $45,411 earnings
Grace's full profile
#10

Wabash College

Crawfordsville, IN · 866 students · Private nonprofit

Wabash College, a small liberal arts school in Crawfordsville, Indiana, fosters a close-knit community for its 866 students. The college boasts a graduation rate of 77%, and its alumni earn a median income of $69,952 ten years post-graduation, reflecting the value of a Wabash education in a competitive job market.
63% accepted 77% graduate $69,952 earnings
Wabash's full profile
#11

Huntington University

Huntington, IN · 1,082 students · Private nonprofit

Huntington University, a private nonprofit in Indiana, caters to around 1,082 students, emphasizing a strong Christian ethos. With a graduation rate of 66%, the university fosters a tight-knit community that encourages personal growth and academic success, making it a great fit for students seeking a supportive environment.
76% accepted 66% graduate $46,672 earnings
Huntington's full profile
#12

Butler University

Indianapolis, IN · 4,317 students · Private nonprofit

Butler University in Indianapolis is home to over 4,300 students and has a commendable graduation rate of 80%. This private nonprofit institution fosters an engaging learning environment that prepares students for real-world challenges, making it an appealing choice for those looking for a strong academic experience.
85% accepted 80% graduate $77,235 earnings
Butler's full profile
#13

Oakland City University

Oakland City, IN · 499 students · Private nonprofit

Nestled in Oakland City, Indiana, Oakland City University is a smaller private nonprofit institution with around 500 students. The university’s graduation rate of 68% reflects its focus on student support and success, making it an appealing choice for those seeking a more personalized educational experience in a close-knit community.
83% accepted 68% graduate $43,283 earnings
Oakland's full profile
#14

Earlham College

Richmond, IN · 670 students · Private nonprofit

Earlham College, located in Richmond, Indiana, is known for its close-knit community and commitment to liberal arts education. With a graduation rate of 68%, students here often thrive in an environment that encourages critical thinking and personal development, appealing particularly to those who value academic exploration and social justice.
73% accepted 68% graduate $50,797 earnings
Earlham's full profile
#15

Taylor University

Upland, IN · 2,025 students · Private nonprofit

Located in the quaint town of Upland, Indiana, Taylor University is a tight-knit, private nonprofit institution with around 2,000 students. Known for its strong graduation rate of 75%, the university emphasizes not only academic excellence but also personal growth and spiritual development, fostering a holistic college experience.
74% accepted 75% graduate $52,198 earnings
Taylor's full profile
#16

Indiana University-Bloomington

Bloomington, IN · 37,806 students · Public

Indiana University-Bloomington is known for its vibrant campus life and a strong sense of community among its nearly 38,000 students. Despite a graduation rate of 81%, the university fosters an environment where students can connect and collaborate, enriching their educational experience.
78% accepted 81% graduate $63,742 earnings
Indiana's full profile
#17

Hanover College

Hanover, IN · 1,031 students · Private nonprofit

Located in the quaint town of Hanover, Indiana, Hanover College caters to around 1,031 students with a strong emphasis on liberal arts education. The institution’s graduation rate of 65% reflects a supportive academic environment, encouraging students to thrive and reach their full potential during their college years.
84% accepted 65% graduate $53,957 earnings
Hanover's full profile
#18

Indiana State University

Terre Haute, IN · 6,188 students · Public

Indiana State University in Terre Haute is a public institution with a diverse student body of 6,188. While the graduation rate stands at 42%, the university provides extensive support services aimed at helping students succeed, making it a practical choice for those who value campus resources and engagement.
81% accepted 42% graduate $48,387 earnings
Indiana's full profile
#19

Saint Mary's College

Notre Dame, IN · 1,458 students · Private nonprofit

Saint Mary's College, located near the famed Notre Dame, serves around 1,458 students in a vibrant and engaging campus atmosphere. With a graduation rate of 73%, this school shows strong student support and academic commitment, making it an attractive option for those seeking a well-rounded college experience.
76% accepted 73% graduate $59,354 earnings
Saint's full profile
#20

University of Indianapolis

Indianapolis, IN · 3,005 students · Private nonprofit

With a reasonable acceptance rate of 67%, the University of Indianapolis attracts a diverse student body of around 3,005. A notable 56% graduation rate indicates that many students find the support they need to succeed, while median earnings of $53,610 at ten years post-graduation suggest that graduates are entering the workforce equipped with valuable skills.
67% accepted 56% graduate $53,610 earnings
University's full profile
#21

Indiana University-Indianapolis

Indianapolis, IN · 13,830 students · Public

As the largest of the Indiana University campuses, Indiana University-Indianapolis offers a diverse range of programs and a dynamic urban setting. With a graduation rate of 54% and a student enrollment of nearly 14,000, it caters to those seeking a comprehensive college experience that includes both academics and city life.
76% accepted 54% graduate $55,198 earnings
Indiana's full profile
#22

Indiana University-Kokomo

Kokomo, IN · 2,352 students · Public

Indiana University-Kokomo might be a perfect fit for students looking for a close-knit, supportive atmosphere. With an 86% acceptance rate and a student body of just over 2,300, this university fosters personal connections and individualized learning experiences.
86% accepted 45% graduate $49,917 earnings
Indiana's full profile
#23

Purdue University Northwest

Hammond, IN · 5,671 students · Public

With over 5,600 students, Purdue University Northwest in Hammond, IN, is a vibrant community focused on hands-on learning and real-world experience. The university is dedicated to supporting its students, with a solid acceptance rate of 72% that opens doors for many aspiring scholars.
72% accepted 43% graduate $48,318 earnings
Purdue's full profile
#24

Manchester University

North Manchester, IN · 936 students · Private nonprofit

Located in North Manchester, Indiana, Manchester University offers a tight-knit community with just under 1,000 students. The school's 45% graduation rate indicates a solid level of support, as students engage in a learning environment that encourages personal growth and academic achievement.
71% accepted 45% graduate $51,504 earnings
Manchester's full profile
#25

Vincennes University

Vincennes, IN · 3,657 students · Public

Vincennes University serves as an accessible gateway for many, with an enrollment of 3,657 students and a lower net price of just $11,225. However, the 37% graduation rate might raise some questions about student support and outcomes. Even so, the median earnings of $41,110 a decade after graduation indicate that many students are finding pathways to careers, albeit at a lower entry point compared to some peers.
37% graduate $41,110 earnings
Vincennes's full profile
#26

Trine University

Angola, IN · 2,324 students · Private nonprofit

Trine University attracts students with a solid 66% graduation rate and a vibrant community of 2,324 undergraduates. The median earnings of $57,165 at ten years post-graduation indicate that graduates generally find good job prospects in their fields. This combination of support and outcomes makes Trine an appealing choice for students seeking a comprehensive educational experience.
85% accepted 66% graduate $57,165 earnings
Trine's full profile
#27

Rose-Hulman Institute of Technology

Terre Haute, IN · 2,309 students · Private nonprofit

With a median earning of $101,253 a decade after graduation, Rose-Hulman Institute of Technology clearly prepares its students for successful careers in engineering and technology. The school has a strong graduation rate of 80%, reflecting the robust support and resources available to students in this focused academic environment.
77% accepted 80% graduate $101,253 earnings
Rose-Hulman's full profile
#28

Indiana University-Southeast

New Albany, IN · 3,170 students · Public

Indiana University-Southeast, situated in New Albany, welcomes around 3,170 students eager to pursue their academic goals. The university's 36% graduation rate might raise eyebrows, but it reflects a commitment to supporting students through their educational journeys, even if they take a little longer to complete their degrees.
84% accepted 36% graduate $47,596 earnings
Indiana's full profile
#29

Indiana University-East

Richmond, IN · 2,589 students · Public

With a welcoming community in Richmond, Indiana, Indiana University-East is home to around 2,600 students. The school has a strong focus on accessibility, reflected in its 67% acceptance rate and a significant percentage of Pell Grant recipients at 35%. This inclusive environment creates a supportive atmosphere for students from diverse backgrounds seeking higher education.
67% accepted 42% graduate $47,156 earnings
Indiana's full profile
#30

University of Saint Francis-Fort Wayne

Fort Wayne, IN · 1,567 students · Private nonprofit

With a focus on personalized education, the University of Saint Francis-Fort Wayne serves about 1,567 students in a supportive environment. The school's high acceptance rate of 96% speaks to its commitment to welcoming a diverse range of students, making it a viable option for those seeking a nurturing academic community.
96% accepted 58% graduate $55,362 earnings
University's full profile
#31

Union Bible College

Westfield, IN · 206 students · Private nonprofit

Union Bible College offers a tight-knit community for its 206 students, emphasizing spiritual growth alongside academic development. With a 91% acceptance rate, it's particularly accessible for those looking for an education grounded in biblical principles, making it a unique choice for students wanting to integrate faith with learning.
91% accepted 43% graduate
Union's full profile
#32

Indiana University-South Bend

South Bend, IN · 3,933 students · Public

Indiana University-South Bend, located in South Bend, Indiana, serves a diverse student body of nearly 4,000. Despite a graduation rate of only 38%, the university's welcoming environment and commitment to inclusivity attract many students, particularly those from lower-income backgrounds, as evidenced by 43% of its students receiving Pell Grants.
84% accepted 38% graduate $44,947 earnings
Indiana's full profile
#33

Indiana Wesleyan University-Marion

Marion, IN · 1,974 students · Private nonprofit

With a substantial 67% graduation rate, Indiana Wesleyan University in Marion presents a solid option for students seeking a supportive community and a faith-based education. The school emphasizes personal growth and lifelong learning, which resonates well with those who want more than just a degree but a transformative college experience.
89% accepted 67% graduate $59,986 earnings
Indiana's full profile
#34

Franklin College

Franklin, IN · 900 students · Private nonprofit

Franklin College, with a close-knit community of about 900 students, has a graduation rate of 62%, which speaks to the supportive atmosphere on campus. Students here can expect to earn a median income of $55,376 ten years after graduation, reflecting the school’s commitment to preparing graduates for successful careers.
70% accepted 62% graduate $55,376 earnings
Franklin's full profile
#35

Purdue University Fort Wayne

Fort Wayne, IN · 5,484 students · Public

Located in Fort Wayne, Purdue University Fort Wayne serves a diverse student body of over 5,400. With an acceptance rate of 84%, this public university creates an accessible environment for students looking to pursue higher education while focusing on their academic and career goals.
84% accepted 34% graduate $45,872 earnings
Purdue's full profile
#36

Indiana University-Northwest

Gary, IN · 2,661 students · Public

Indiana University-Northwest in Gary, Indiana, serves a diverse student body of 2,661, with 43% of students receiving Pell Grants. The school has a strong focus on community engagement, making it a great choice for those looking to make a difference while pursuing their education.
73% accepted 37% graduate $43,361 earnings
Indiana's full profile
#37

Bethel University

Mishawaka, IN · 1,008 students · Private nonprofit

Bethel University in Mishawaka caters to a smaller student body of 1,008, fostering a personalized educational experience. The university has a graduation rate of 55%, which reflects its commitment to nurturing students in a faith-based environment where individual growth is prioritized alongside academic success.
98% accepted 55% graduate $48,860 earnings
Bethel's full profile
#38

Indiana Institute of Technology

Fort Wayne, IN · 1,441 students · Private nonprofit

Located in Fort Wayne, Indiana, the Indiana Institute of Technology has a diverse student population of 1,441. While the graduation rate sits at 38%, the school maintains a strong focus on career readiness, which can be beneficial for students looking to enter the workforce quickly. The median earnings of $47,327 after ten years show that graduates can expect good financial returns, reflecting the school’s commitment to practical education.
70% accepted 38% graduate $47,327 earnings
Indiana's full profile
#39

Indiana Wesleyan University-National & Global

Marion, IN · 6,656 students · Private nonprofit

With a focus on adult and online education, Indiana Wesleyan University serves over 6,600 students, catering specifically to those juggling work and family commitments. The university emphasizes a supportive community, which is reflected in its 36% graduation rate, suggesting that students find a path to success with the right resources and guidance.
36% graduate $59,986 earnings
Indiana's full profile
#40

Holy Cross College

Notre Dame, IN · 639 students · Private nonprofit

Holy Cross College, nestled in Notre Dame, Indiana, hosts a small but vibrant community of around 639 students. The college's 50% graduation rate reflects its dedication to fostering student success and engagement, making it a notable option for those seeking a supportive academic environment.
75% accepted 50% graduate $50,416 earnings
Holy's full profile
#41

Marian University

Indianapolis, IN · 2,266 students · Private nonprofit

In Indianapolis, Marian University stands out for its high graduation rate of 64%, which speaks volumes about its commitment to student support and success. With a student body of around 2,266, the university cultivates a sense of belonging and encouragement, ideal for those who thrive in an engaging educational setting.
95% accepted 64% graduate $58,759 earnings
Marian's full profile
#42

Anderson University

Anderson, IN · 1,057 students · Private nonprofit

With a welcoming campus in Anderson, Indiana, this private nonprofit institution has a student body of just over 1,000. The 52% graduation rate indicates that nearly half of students successfully complete their degrees, which can lead to a solid median earning of $48,899 a decade after graduation. It's a place where students can build strong connections and a supportive community, making it worth serious consideration.
79% accepted 52% graduate $48,899 earnings
Anderson's full profile
#43

Saint Mary-of-the-Woods College

Saint Mary of the Woods, IN · 853 students · Private nonprofit

Saint Mary-of-the-Woods College, nestled in a serene setting, welcomes students into a community with a commitment to their development. With a student population of 853 and a 72% acceptance rate, this private nonprofit school is an inviting option for those seeking a supportive environment to grow both academically and personally.
72% accepted 49% graduate $43,845 earnings
Saint's full profile
#44

Purdue University Global

West Lafayette, IN · 30,828 students · Public

Purdue University Global, based in West Lafayette, Indiana, serves a large student body of over 30,000, reflecting its strong commitment to accessible education. The graduation rate of 49% indicates that nearly half of the students reach their academic goals, while the median earnings of $36,596 after ten years suggest valuable returns for graduates. This institution is particularly geared towards adult learners and those balancing work and study, making it a significant option for non-traditional students.
49% graduate $36,596 earnings
Purdue's full profile
#45

Indiana Institute of Technology-College of Professional Studies

Fort Wayne, IN · 2,686 students · Private nonprofit

The College of Professional Studies at Indiana Institute of Technology, with a student body of 2,686, caters specifically to those pursuing degrees while balancing work and other responsibilities. Although the graduation rate is lower at 28%, the focus on practical, career-oriented education aims to equip students with marketable skills. Graduates can expect to earn around $47,327 a decade after finishing their studies, showcasing the potential for strong financial outcomes despite the challenges.
28% graduate $47,327 earnings
Indiana's full profile
#46

Calumet College of Saint Joseph

Whiting, IN · 529 students · Private nonprofit

With a tight-knit community of just 529 students, Calumet College of Saint Joseph emphasizes personal attention and support. This private nonprofit institution offers a unique environment where students can form close relationships with faculty and peers, making it easier to navigate their academic journey.
26% graduate $46,945 earnings
Calumet's full profile

In examining the data, it's clear that the University of Notre Dame significantly outperforms Purdue University Northwest in crucial metrics. Notre Dame's graduates enjoy an average salary of $99,980 and boast a 96% graduation rate. In contrast, Purdue Northwest's graduates earn just $48,318, with a troubling 43% graduation rate. This discrepancy underscores how a stronger program can lead to better financial stability and higher completion rates.

After reviewing these schools, consider your own priorities when weighing this data. Think about factors like location, program fit, and campus culture. For instance, if you prioritize lower debt, Purdue University Northwest stands out with a net price of $6,079. However, you may need to weigh that against its lower earning potential. Determine what matters most to you in your educational journey, and let that guide your decision.

Ultimately, this data highlights the critical link between education and financial well-being. Choosing the right master's program can set the course for a stable future, impacting not just individual lives but entire families. One decision can influence your financial trajectory for years to come, making it essential to consider these outcomes seriously before committing to a program.

Data Sources

U.S. Dept of Education College Scorecard

Opportunity Insights Mobility Report Card

Social Capital Atlas

Times Higher Education World Rankings

NCES IPEDS

Sources & Citations

[1]

U.S. Department of Education. College Scorecard Data. Federal Student Aid, National Center for Education Statistics.

[2]

National Center for Education Statistics. Integrated Postsecondary Education Data System (IPEDS).

DK

David Krug

Co-Founder, CollegeRanker

David Krug is the co-founder of CollegeRanker and a data systems architect focused on making institutional research accessible to families. He builds the data pipelines and ranking algorithms that power CollegeRanker, drawing from federal datasets and Raj Chetty's Opportunity Insights research to measure what traditional rankings ignore: whether a college actually changes a family's economic trajectory.