2022 Best Online Master's in Nursing (MSN) Programs (2023)

Pursuing a master’s degree in nursing allows you to gain knowledge and experience in a more specific area of nursing, opening up opportunities to explore more job options and achieve higher pay.

Many programs have full- and part-time options. Since most online MSN programs take one to two years to complete with a full-time schedule, if you’re interested in working toward your degree part time, it may take upwards of three years. These programs may also require a thesis or capstone project, which can add a semester or two to your program.

Although some universities offer entirely online programs, they may still include an in-person practicum or lab. Some universities also require clinic hours, which entails working in-person as a nurse. Check with the programs you are interested in to see how many in-person hours they require. If you obtain your MSN while working, your work hours may count toward your practicum hours.

Three Main Types of Master's Degrees

There are three primary types of master's degrees in nursing for aspiring students to consider: (1) RN to MSN programs, (2) Bachelor of Science in Nursing (BSN) to MSN programs, and (3) direct entry MSN programs.

In the past few years, the field of health care has been pushed to the limit. As a result, nurses are in high demand, especially RNs, travel nurses, and those with MSNs who have specialized knowledge and can support doctors and health care facilities with their expertise. According to the Bureau of Labor Statistics (BLS), the role of specialized nurses — such as nurse practitioners, anesthesiologists, and midwives — is projected to grow by 45% through 2030.

This is over five times the US national job growth average across occupations. And the BLS' grouping of these roles presents an annual median salary of $123,780. Specifically, nurse practitioners are projected to increase by 52.2% over the next decade.

In addition to a promising job outlook, nursing can be a satisfying and fulfilling career. Nursing allows individuals to work closely with patients and guide them through their recovery. If you’re someone who enjoys helping people and supporting them during trying times, consider pursuing an MSN online and furthering your education.

There are a few possible cons to consider as well, however. Nurses work in a high-risk environment, spending a lot of their time around people with illnesses. The same compassion that provides satisfaction and fulfillment may lead to emotional exhaustion. It can be difficult to provide for others in distress so often. Nurses and health care workers are also at higher risk for injuries. Registered nurses take a median of 12 days off each year due to injury.

In general, the health care field is rapidly growing, and it’s projected to continue expanding. While there is the risk of injury, there are also reasons to enter the field of nursing. Your choice largely depends on your personal circumstances, and it's important to weigh the long-term impact of such a large financial investment, which is why we base our rankings list of online nursing schools on salary score.

Once you’ve earned your nursing masters, several career paths become available. An RN with a master’s in nursing is referred to as an Advanced Practice Registered Nurse (APRN). They are eligible for many positions such as a nursing consultant, research nurse, clinical nurse specialist, and nurse administrator.

If you’re interested in community education, consider public health nursing. These nurses advocate for community-led health education programs. They visit medical centers and work within the community to provide health care. Another job option for MSN graduates may involve research and clinical trials. For example, clinical research nurses aid doctors during studies and trials by finding participants, analyzing data, and synthesizing results into formal reports.

Nurses with an MSN may also pursue administrative and management roles. Nursing directors, for example, run the nursing departments at hospitals, medical centers, and other health care facilities. They lead teams of nurses and coordinate between departments to provide the best care possible for their patients. If you’re interested in a specific area of medicine, it’s also possible to specialize in a field like oncology, pediatrics, or orthopedics.

To find the best online MSN degree, it's important to first consider the cost of the program and potential financial aid options in order to alleviate the burden of student loan debt. The cost of an MSN program includes tuition, any necessary supplies, and time investment — including practicum and/or clinic hours. The university may provide financial aid directly, but there are also independent scholarships and grants for those pursuing advanced nursing degrees.

In order to find the right school for you, consider several other components besides cost:

• Research your university’s graduation rates, student retention, and how long it takes their students to graduate. The US Department of Education has a college search tool that can be helpful when trying to find reliable data.
• Another factor to consider is the faculty retention rate.
• What do current and past students say about the university? Look up student reviews or reach out to current students and alumni.
• Consider what percentage of students find employment after they graduate at your chosen university and whether they go into areas that you are interested in.
• Make sure that your university is approved by the State Board of Nursing to ensure that you can earn licensure in that state.
• The university you are interested in attending should be accredited by one of the three nursing accreditation organizations: (1) the Accreditation Commission for Nursing Education (ACEN), (2) Commission on Collegiate Nursing Education (CCNE), or (3) the Commission for Nursing Education Accreditation (NLN CNEA). If your university isn’t properly accredited, then your degree will not be accepted by the Board.

According to our internal data, the most affordable MSN programs range from approximately $295 to $350 per credit hour. Depending on the program, some online colleges base tuition on a monthly rate, such as charging $250 per month. Even at these cheaper-than-average tuition rates, it's still helpful to thoroughly research available financial aid options.

Financial Aid for Online MSN Programs

Several organizations provide financial aid for online MSN programs. For example, the Oncology Nursing Foundation offers awards, grants, and scholarships each year for MSN students, specifically. Additionally, the Health Resources and Services Administration offers a monthly stipend for tuition, fees, and learning supplies. There are also organizations, like Johnson & Johnson, that assist students in finding financial aid programs that provide tuition reimbursement and other forms of financial assistance.