The explosion of new master’s degree programs in recent years hasn’t corresponded with a surge in students, analysis by the research and technology services company EAB suggests.
Megan Adams, managing director of research at EAB, said many colleges have overestimated the popularity of new degree programs. They may anticipate awarding hundreds of degrees per year, but the true number is often a single digit, she said.
It’s no secret that the master’s degree market has become increasingly competitive. Dozens of colleges are starting degrees online and on campus in hot areas such as cybersecurity and data science. But the market is not as healthy as many college leaders believe it to be, said Adams.
The National Center for Education Statistics has lowered its expectations for master’s degree growth every year for the past five years. The projected 10-year annual growth rate in…