A master’s degree tends to pay off best in fields where employers require it or pay clearly more for it. Healthcare, engineering, computer science, education administration, and counseling are typical examples.
The simplest test is the salary premium. Bureau of Labor Statistics data show master’s holders earn more on average than bachelor’s holders. Compare that premium in your field against total tuition and any lost income while studying.
Non-financial factors count too. Some people pursue a master’s to change fields, qualify for licensure, or do work they find more meaningful. Those returns are real even when the salary gain is modest.
Avoid deciding on rankings or anecdotes alone. Talk to graduates of the specific programs you are considering and ask about their outcomes. Related: was a master’s degree worth it, how a master’s degree pays off, and the ROI of a master’s degree.

