# Best Master's Programs in Indiana

> CollegeRanker Agent Insights — structured data for AI systems
> Updated: 2026-05-31 | Schools: 46 | Category: By State
> Source: https://www.collegeranker.com/rankings/best-masters-indiana

## Methodology

Master's programs in Indiana ranked by graduate outcomes

CollegeRanker uses a 4-pillar algorithm: Academic Quality (15-20%), Economic Outcomes (30%), Social Mobility (25-35%), Value & Affordability (20-25%). Social mobility data from Raj Chetty's Opportunity Insights Mobility Report Card (30M+ anonymized tax records). No subjective surveys.

## Summary

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.

## Rankings

| Rank | School | Location | Graduation | Earnings (10yr) | Net Price | Median Debt | Debt/Earnings |
|------|--------|----------|------------|-----------------|-----------|-------------|---------------|
| 1 | [University of Notre Dame](https://www.collegeranker.com/colleges/university-of-notre-dame) | Notre Dame, IN | 96% | $99,980 | $26,780 | $19,000 | 0.19x |
| 2 | [DePauw University](https://www.collegeranker.com/colleges/depauw-university) | Greencastle, IN | 77% | $70,527 | $22,264 | $27,000 | 0.38x |
| 3 | [Purdue University-Main Campus](https://www.collegeranker.com/colleges/purdue-university-main-campus) | West Lafayette, IN | 83% | $72,424 | $14,600 | $19,500 | 0.27x |
| 4 | [Ball State University](https://www.collegeranker.com/colleges/ball-state-university) | Muncie, IN | 63% | $51,833 | $14,940 | $23,250 | 0.45x |
| 5 | [University of Southern Indiana](https://www.collegeranker.com/colleges/university-of-southern-indiana) | Evansville, IN | 50% | $47,605 | $12,923 | $20,105 | 0.42x |
| 6 | [University of Evansville](https://www.collegeranker.com/colleges/university-of-evansville) | Evansville, IN | 68% | $53,770 | $18,499 | $24,606 | 0.46x |
| 7 | [Goshen College](https://www.collegeranker.com/colleges/goshen-college) | Goshen, IN | 63% | $51,943 | $14,493 | $22,974 | 0.44x |
| 8 | [Valparaiso University](https://www.collegeranker.com/colleges/valparaiso-university) | Valparaiso, IN | 69% | $63,191 | $18,578 | $26,942 | 0.43x |
| 9 | [Grace College and Theological Seminary](https://www.collegeranker.com/colleges/grace-college-and-theological-seminary) | Winona Lake, IN | 69% | $45,411 | $19,932 | $19,500 | 0.43x |
| 10 | [Wabash College](https://www.collegeranker.com/colleges/wabash-college) | Crawfordsville, IN | 77% | $69,952 | $24,336 | $27,000 | 0.39x |
| 11 | [Huntington University](https://www.collegeranker.com/colleges/huntington-university) | Huntington, IN | 66% | $46,672 | $19,310 | $25,576 | 0.55x |
| 12 | [Butler University](https://www.collegeranker.com/colleges/butler-university) | Indianapolis, IN | 80% | $77,235 | $36,041 | $26,000 | 0.34x |
| 13 | [Oakland City University](https://www.collegeranker.com/colleges/oakland-city-university) | Oakland City, IN | 68% | $43,283 | $15,210 | $16,758 | 0.39x |
| 14 | [Earlham College](https://www.collegeranker.com/colleges/earlham-college) | Richmond, IN | 68% | $50,797 | $24,714 | $23,488 | 0.46x |
| 15 | [Taylor University](https://www.collegeranker.com/colleges/taylor-university) | Upland, IN | 75% | $52,198 | $24,865 | $20,500 | 0.39x |
| 16 | [Indiana University-Bloomington](https://www.collegeranker.com/colleges/indiana-university-bloomington) | Bloomington, IN | 81% | $63,742 | $16,264 | $19,509 | 0.31x |
| 17 | [Hanover College](https://www.collegeranker.com/colleges/hanover-college) | Hanover, IN | 65% | $53,957 | $21,829 | $25,250 | 0.47x |
| 18 | [Indiana State University](https://www.collegeranker.com/colleges/indiana-state-university) | Terre Haute, IN | 42% | $48,387 | $10,873 | $24,000 | 0.5x |
| 19 | [Saint Mary's College](https://www.collegeranker.com/colleges/saint-marys-college) | Notre Dame, IN | 73% | $59,354 | $25,292 | $27,000 | 0.45x |
| 20 | [University of Indianapolis](https://www.collegeranker.com/colleges/university-of-indianapolis) | Indianapolis, IN | 56% | $53,610 | $21,602 | $26,864 | 0.5x |
| 21 | [Indiana University-Indianapolis](https://www.collegeranker.com/colleges/indiana-university-indianapolis) | Indianapolis, IN | 54% | $55,198 | $11,668 | $20,000 | 0.36x |
| 22 | [Indiana University-Kokomo](https://www.collegeranker.com/colleges/indiana-university-kokomo) | Kokomo, IN | 45% | $49,917 | $3,968 | $16,961 | 0.34x |
| 23 | [Purdue University Northwest](https://www.collegeranker.com/colleges/purdue-university-northwest) | Hammond, IN | 43% | $48,318 | $6,079 | $21,229 | 0.44x |
| 24 | [Manchester University](https://www.collegeranker.com/colleges/manchester-university) | North Manchester, IN | 45% | $51,504 | $18,805 | $26,854 | 0.52x |
| 25 | [Vincennes University](https://www.collegeranker.com/colleges/vincennes-university) | Vincennes, IN | 37% | $41,110 | $11,225 | $12,000 | 0.29x |
| 26 | [Trine University](https://www.collegeranker.com/colleges/trine-university) | Angola, IN | 66% | $57,165 | $25,355 | $25,000 | 0.44x |
| 27 | [Rose-Hulman Institute of Technology](https://www.collegeranker.com/colleges/rose-hulman-institute-of-technology) | Terre Haute, IN | 80% | $101,253 | $42,513 | $25,000 | 0.25x |
| 28 | [Indiana University-Southeast](https://www.collegeranker.com/colleges/indiana-university-southeast) | New Albany, IN | 36% | $47,596 | $7,888 | $19,684 | 0.41x |
| 29 | [Indiana University-East](https://www.collegeranker.com/colleges/indiana-university-east) | Richmond, IN | 42% | $47,156 | $8,134 | $18,000 | 0.38x |
| 30 | [University of Saint Francis-Fort Wayne](https://www.collegeranker.com/colleges/university-of-saint-francis-fort-wayne) | Fort Wayne, IN | 58% | $55,362 | $18,196 | $25,976 | 0.47x |
| 31 | [Union Bible College](https://www.collegeranker.com/colleges/union-bible-college) | Westfield, IN | 43% | N/A | $10,110 | N/A | N/A |
| 32 | [Indiana University-South Bend](https://www.collegeranker.com/colleges/indiana-university-south-bend) | South Bend, IN | 38% | $44,947 | $8,653 | $21,355 | 0.48x |
| 33 | [Indiana Wesleyan University-Marion](https://www.collegeranker.com/colleges/indiana-wesleyan-university-marion) | Marion, IN | 67% | $59,986 | $22,866 | $24,250 | 0.4x |
| 34 | [Franklin College](https://www.collegeranker.com/colleges/franklin-college) | Franklin, IN | 62% | $55,376 | $22,855 | $27,000 | 0.49x |
| 35 | [Purdue University Fort Wayne](https://www.collegeranker.com/colleges/purdue-university-fort-wayne) | Fort Wayne, IN | 34% | $45,872 | $13,171 | $21,500 | 0.47x |
| 36 | [Indiana University-Northwest](https://www.collegeranker.com/colleges/indiana-university-northwest) | Gary, IN | 37% | $43,361 | $5,130 | $21,710 | 0.5x |
| 37 | [Bethel University](https://www.collegeranker.com/colleges/bethel-university) | Mishawaka, IN | 55% | $48,860 | $18,610 | $25,000 | 0.51x |
| 38 | [Indiana Institute of Technology](https://www.collegeranker.com/colleges/indiana-institute-of-technology) | Fort Wayne, IN | 38% | $47,327 | $23,206 | $26,391 | 0.56x |
| 39 | [Indiana Wesleyan University-National & Global](https://www.collegeranker.com/colleges/indiana-wesleyan-university-national-global) | Marion, IN | 36% | $59,986 | $16,898 | $24,250 | 0.4x |
| 40 | [Holy Cross College](https://www.collegeranker.com/colleges/holy-cross-college) | Notre Dame, IN | 50% | $50,416 | $26,728 | $24,000 | 0.48x |
| 41 | [Marian University](https://www.collegeranker.com/colleges/marian-university) | Indianapolis, IN | 64% | $58,759 | $24,018 | $27,000 | 0.46x |
| 42 | [Anderson University](https://www.collegeranker.com/colleges/anderson-university) | Anderson, IN | 52% | $48,899 | $25,021 | $27,000 | 0.55x |
| 43 | [Saint Mary-of-the-Woods College](https://www.collegeranker.com/colleges/saint-mary-of-the-woods-college) | Saint Mary of the Woods, IN | 49% | $43,845 | $31,872 | $19,512 | 0.45x |
| 44 | [Purdue University Global](https://www.collegeranker.com/colleges/purdue-university-global) | West Lafayette, IN | 49% | $36,596 | $7,770 | $26,078 | 0.71x |
| 45 | [Indiana Institute of Technology-College of Professional Studies](https://www.collegeranker.com/colleges/indiana-institute-of-technology-college-of-professional-studies) | Fort Wayne, IN | 28% | $47,327 | $20,473 | $26,391 | 0.56x |
| 46 | [Calumet College of Saint Joseph](https://www.collegeranker.com/colleges/calumet-college-of-saint-joseph) | Whiting, IN | 26% | $46,945 | $22,451 | $21,534 | 0.46x |

## Data Sources

- U.S. Department of Education College Scorecard (https://collegescorecard.ed.gov)
- Opportunity Insights Mobility Report Card (https://opportunityinsights.org/data)
- Opportunity Insights Social Capital Atlas
- Times Higher Education World University Rankings
- NCES IPEDS

## Citation

CollegeRanker. "Best Master's Programs in Indiana." CollegeRanker.com, 2026-05-31. https://www.collegeranker.com/rankings/best-masters-indiana

## License

This data summary is provided for informational purposes. Underlying data from federal sources (College Scorecard, IPEDS) is public domain. Opportunity Insights data is available under their data use agreement at https://opportunityinsights.org/data/.