It can also add influence to a resume with a master’s degree from a prestigious institution if not already there at the bachelor’s degree level, so the investment pays off in the long run. According to FinAid.org, the average cost of master’s degree for students is between $30,000 and $120,000.The cost varies depending on the university and the master’s program itself. The cost varies by program as well.The average cost of an MBA, for example, is $40,000. At most universities, this is what master’s degree graduates will pay. Some institutions have programs for less, and MBA programs at Harvard or Stanford could cost in excess of $120,000.he average cost of an MBA, for example, is $40,000. At most universities, this is what master’s degree graduates will pay. Some institutions have programs for less, and MBA programs at Harvard or Stanford could cost in excess of $120,000.