How Much Should You Spend On A Master’s Degree? ❘ ❘ How Much Should You Spend On A Master’s Degree? The cost of a business master’s degree can range from $30k to $60k. We tell you how to calculate cost and which factors you should consider when deciding how much you should be spending You can't ignore the cost of a master's degree, but it's important to consider the benefits Cost is the biggest source of reluctance among candidates pursuing a graduate business degree, according to a survey from the Graduate Management Admission Council (GMAC). Only 17% of candidates said cost had no impact on their decision.