What is considered a good GPA in a master's program? I am in a top master's program for my field of study. I completed my first semester last month and got back my grades. When I was offered admission at my current school, I was offered a partial fellowship, most likely based on my GRE scores, which were much higher than the school profile average. The only condition that I needed in order to maintain that fellowship was to maintain at least a 3.0 GPA. As a new student last semester, not knowing which courses to take, I took only the courses that were mandatory for students in my program. 

I honestly did not enjoy many of my course subjects, and the one course that was required of all first-semester students was my least favorite. It was a theory-based course for all students regardless of major (whether they majored in the same thing in undergrad or something else). My undergrad major was different from my current major. This course made me feel depressed because it was in the same format as an undergraduate course with one lecture and one discussion led by a PhD student. For most of my courses, when I would inquire about grades, I would get vague responses. In my program, C is the lowest grade that could be given. I am still in good standing, which in my program is a 3.0. My GPA is a little bit higher than this, so I am able to keep my fellowship. But, my GPA is what disappoints me. 

What is considered a good GPA in a master's program? Are there wide variations depending on the program of what is considered a good GPA? How important are master's program GPAs? I don't plan to move on to a PhD program. I read different responses on other sites like how a B is similar to an F.
If you do not plan on pursuing a PhD then a "good GPA" is one where you can complete your courses and graduate with your Masters. When you go into industry from academia, no hiring manager will care about your GPA - your experience matters more and your master's degree will be icing on the cake. Many graduate programs require at least a 3.0 GPA (B average) to maintain a good status and not be put on probation. So that might be your goal.