In the academic year of 2022, it is expected that 551,460 female and 331,530 male students will earn a Master’s degree in the United States. These figures are a significant increase from the academic year of 1950, when 16,980 female students and 41,220 male students earned a Master’s degree.

What is a Master’s degree?

A Master’s degree is an academic degree granted by universities after finishing a Bachelor’s degree. Master’s degrees focus in on a specific field and are more specialized than a Bachelor’s. A typical Master’s program is about two years long, with the final semester focusing on the thesis. Master’s degree programs are usually harder to get into than Bachelor’s degree programs, due to the rigor of the program. Because these programs are so competitive, those with a Master’s degree are typically paid more than those with a Bachelor’s degree.

Master’s degrees in the United States

The number of master’s degrees granted in the United States has steadily increased since the 1970s and is expected to continue to increase. In 2021, the Master’s degree program with the worst job prospects in the United States by mid-career median pay was counseling, while the program with the best job prospects was a physician's assistant.

In 2021, the District of Columbia had the most highly educated population in the United States, with **** percent of the population over the age of 25 having an advanced degree. Massachusetts had the next most educated population, with **** percent of residents having an advanced degree. For the United States as a whole, this figure stood at **** percent of the population.

An advanced degree includes graduate and professional degrees.

Graph and download economic data for Unemployment Level - College Graduates - Master's Degree, 25 years and over (CGMDU25O) from Jan 2000 to Aug 2025 about master's degree, 25 years +, tertiary schooling, education, household survey, unemployment, and USA.

About 3,785 master's degrees were earned in the United States by American Indian or Alaskan Native students in the academic year of 2020/2021. Additionally, 460,320 master's degrees were earned by white students, and 98,246 were earned by Black students.

Graph and download economic data for Unemployment Rate: College Graduates: Advanced Degree: Master's Degree and Higher, 16 years and over, Women (CGAD16OW) from Dec 2014 to Aug 2025 about master's degree, tertiary schooling, females, education, 16 years +, household survey, unemployment, rate, and USA.

In an impressive increase from years past, 39 percent of women in the United States had completed four years or more of college in 2022. This figure is up from 3.8 percent of women in 1940. A significant increase can also be seen in males, with 36.2 percent of the U.S. male population having completed four years or more of college in 2022, up from 5.5 percent in 1940.

4- and 2-year colleges

In the United States, college students are able to choose between attending a 2-year postsecondary program and a 4-year postsecondary program. Generally, attending a 2-year program results in an Associate’s Degree, and 4-year programs result in a Bachelor’s Degree.

Many 2-year programs are designed so that attendees can transfer to a college or university offering a 4-year program upon completing their Associate’s. Completion of a 4-year program is the generally accepted standard for entry-level positions when looking for a job.

Earnings after college

Factors such as gender, degree achieved, and the level of postsecondary education can have an impact on employment and earnings later in life. Some Bachelor’s degrees continue to attract more male students than female, particularly in STEM fields, while liberal arts degrees such as education, languages and literatures, and communication tend to see higher female attendance.

All of these factors have an impact on earnings after college, and despite nearly the same rate of attendance within the American population between males and females, men with a Bachelor’s Degree continue to have higher weekly earnings on average than their female counterparts.

In the academic year of 2021/22, about 880,250 students were awarded a Master's degree in the United States. This figure is projected to increase by the academic year of 2031/32, when it is forecasted that 1,000,460 students will be awarded a Master's degree.

In the academic year of 2020/21, about 202,334 Master's degrees were earned in business across the United States, making it the most common master's degree earned. In that same year, another 47,257 Master's degrees were earned in engineering.

Graph and download economic data for Unemployment Level - College Graduates - Master's Degree, 25 to 34 years, Men (CGMDUM2534) from Jan 2000 to Aug 2025 about master's degree, 25 to 34 years, tertiary schooling, males, education, household survey, unemployment, and USA.

Over the period from 2008 to 2023, the share of the population holding a master's degree in Turkey continuously increased. In 2023, almost three percent of the population held a master's degree, which was the highest value recorded.

Overall educational attainment measures the highest level of education attained by a given individual: for example, an individual counted in the percentage of the measured population with a master’s or professional degree can be assumed to also have a bachelor’s degree and a high school diploma, but they are not counted in the population percentages for those two categories. Overall educational attainment is the broadest education indicator available, providing information about the measured county population as a whole.

Only members of the population aged 25 and older are included in these educational attainment estimates, sourced from the U.S. Census Bureau American Community Survey (ACS).

Champaign County has high educational attainment: over 48 percent of the county's population aged 25 or older has a bachelor's degree or graduate or professional degree as their highest level of education. In comparison, the percentage of the population aged 25 or older in the United States and Illinois with a bachelor's degree in 2023 was 21.8% (+/-0.1) and 22.8% (+/-0.2), respectively. The population aged 25 or older in the U.S. and Illinois with a graduate or professional degree in 2022, respectively, was 14.3% (+/-0.1) and 15.5% (+/-0.2).

Educational attainment data was sourced from the U.S. Census Bureau’s American Community Survey 1-Year Estimates, which are released annually.

As with any datasets that are estimates rather than exact counts, it is important to take into account the margins of error (listed in the column beside each figure) when drawing conclusions from the data.

Due to the impact of the COVID-19 pandemic, instead of providing the standard 1-year data products, the Census Bureau released experimental estimates from the 1-year data in 2020. This includes a limited number of data tables for the nation, states, and the District of Columbia. The Census Bureau states that the 2020 ACS 1-year experimental tables use an experimental estimation methodology and should not be compared with other ACS data. For these reasons, and because data is not available for Champaign County, no data for 2020 is included in this Indicator.

For interested data users, the 2020 ACS 1-Year Experimental data release includes a dataset on Educational Attainment for the Population 25 Years and Over.

Sources: U.S. Census Bureau; American Community Survey, 2023 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using data.census.gov; (16 October 2024).; U.S. Census Bureau; American Community Survey, 2022 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using data.census.gov; (29 September 2023).; U.S. Census Bureau; American Community Survey, 2021 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using data.census.gov; (6 October 2022).; U.S. Census Bureau; American Community Survey, 2019 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using data.census.gov; (4 June 2021).; U.S. Census Bureau; American Community Survey, 2018 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using data.census.gov; (4 June 2021).; U.S. Census Bureau; American Community Survey, 2017 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (13 September 2018).; U.S. Census Bureau; American Community Survey, 2016 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (13 September 2018). U.S. Census Bureau; American Community Survey, 2015 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (19 September 2016).; U.S. Census Bureau; American Community Survey, 2014 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2013 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2012 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2011 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2010 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2009 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2008 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2007 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2006 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).; U.S. Census Bureau; American Community Survey, 2005 American Community Survey 1-Year Estimates, Table S1501; generated by CCRPC staff; using American FactFinder; (16 March 2016).

Graph and download economic data for Unemployment Rate - College Graduates - Master's Degree, 25 to 64 years, Women (CGMD2564W) from Jan 2000 to Aug 2025 about 25 to 64 years, master's degree, tertiary schooling, females, education, unemployment, rate, and USA.

In 2022, Canada had the highest share of adults with a university degree, at over 60 percent of those between the ages of 25 and 64. India had the smallest share of people with a university degree, at 13 percent of the adult population. University around the world Deciding which university to attend can be a difficult decision for some and in today’s world, people are not left wanting for choice. There are thousands of universities around the world, with the highest number found in India and Indonesia. When picking which school to attend, some look to university rankings, where Harvard University in the United States consistently comes in on top. Moving on up One of the major perks of attending university is that it enables people to move up in the world. Getting a good education is generally seen as a giant step along the path to success and opens up doors for future employment. Future earnings potential can be determined by which university one attends, whether by the prestige of the university or the connections that have been made there. For instance, graduates from the Stanford Graduate School of Business can expect to earn around 250,000 U.S. dollars annually.

In 2024, about ****** master's degrees were awarded in South Korea, showing a slight increase from the previous year. The overall number of graduates receiving master's degrees has increased over the past few years.

Belgium BE: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Male: % Cumulative data was reported at 18.704 % in 2022. This records a decrease from the previous number of 19.239 % for 2021. Belgium BE: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Male: % Cumulative data is updated yearly, averaging 15.900 % from Dec 2010 (Median) to 2022, with 13 observations. The data reached an all-time high of 19.239 % in 2021 and a record low of 0.000 % in 2012. Belgium BE: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Male: % Cumulative data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Belgium – Table BE.World Bank.WDI: Social: Education Statistics. The percentage of population ages 25 and over that attained or completed Master's or equivalent.;UNESCO Institute for Statistics (UIS). UIS.Stat Bulk Data Download Service. Accessed April 5, 2025. https://apiportal.uis.unesco.org/bdds.;;

United States - Unemployment Rate: College Graduates: Advanced Degree: Master's Degree and Higher, 65 years and over, Women was 3.20% in August of 2025, according to the United States Federal Reserve. Historically, United States - Unemployment Rate: College Graduates: Advanced Degree: Master's Degree and Higher, 65 years and over, Women reached a record high of 11.20 in July of 2020 and a record low of 0.70 in February of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Unemployment Rate: College Graduates: Advanced Degree: Master's Degree and Higher, 65 years and over, Women - last updated from the United States Federal Reserve on October of 2025.

In 2022, about 37.7 percent of the U.S. population who were aged 25 and above had graduated from college or another higher education institution, a slight decline from 37.9 the previous year. However, this is a significant increase from 1960, when only 7.7 percent of the U.S. population had graduated from college. Demographics Educational attainment varies by gender, location, race, and age throughout the United States. Asian-American and Pacific Islanders had the highest level of education, on average, while Massachusetts and the District of Colombia are areas home to the highest rates of residents with a bachelor’s degree or higher. However, education levels are correlated with wealth. While public education is free up until the 12th grade, the cost of university is out of reach for many Americans, making social mobility increasingly difficult. Earnings White Americans with a professional degree earned the most money on average, compared to other educational levels and races. However, regardless of educational attainment, males typically earned far more on average compared to females. Despite the decreasing wage gap over the years in the country, it remains an issue to this day. Not only is there a large wage gap between males and females, but there is also a large income gap linked to race as well.

This statistic shows the percentage of the Black, non-Hispanic population aged between 25 and 29 years with a bachelor's degree or a higher level degree in the United States from 1975 to 2021, by gender. In 2021, about ** percent of Black, non-Hispanic females had attained at least a bachelor's degree in the United States.

AU: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Female: % Cumulative data was reported at 9.483 % in 2023. This records a decrease from the previous number of 10.030 % for 2022. AU: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Female: % Cumulative data is updated yearly, averaging 7.910 % from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 10.030 % in 2022 and a record low of 5.620 % in 2013. AU: Educational Attainment: At Least Master's or Equivalent: Population 25+ Years: Female: % Cumulative data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Social: Education Statistics. The percentage of population ages 25 and over that attained or completed Master's or equivalent.;UNESCO Institute for Statistics (UIS). UIS.Stat Bulk Data Download Service. Accessed April 5, 2025. https://apiportal.uis.unesco.org/bdds.;;

Graph and download economic data for Unemployment Level - College Graduates - Master's Degree, 16 years and over (CGMDU16O) from Jan 2000 to Aug 2025 about master's degree, tertiary schooling, education, 16 years +, household survey, unemployment, and USA.