Depends on the institution. I’m sure that there are many actual scams advertising an online Masters degree you can earn that isn’t real, but a Masters degree earned from an accredited degree-granting institution, whether in-person or online, is in fact real. Accredited universities probably would not offer an online Masters degree(that costs tens of thousands of dollars in some cases, mind you) if it did not hold the same weight as an in-person Masters degree.
If you’re worried about the job competition impact, I would suggest focusing on your in-person/on-site achievements when building your resume.
If you’re worried about the job competition impact, I would suggest focusing on your in-person/on-site achievements when building your resume.