A significant increase has been observed in the use of Underwater Wireless Sensor Networks (UWSNs) over the last few decades. However, there exist several associated challenges with UWSNs, mainly due to the nodes’ mobility, increased propagation delay, limited bandwidth, packet duplication, void holes, and Doppler/multi-path effects. To address these challenges, we propose a protocol named “An Efficient Routing Protocol based on Master–Slave Architecture for Underwater Wireless Sensor Network (ERPMSA-UWSN)” that significantly contributes to optimizing energy consumption and data packet’s long-term survival. We adopt an innovative approach based on the master–slave architecture, which results in limiting the forwarders of the data packet by restricting the transmission through master nodes only. In this protocol, we suppress nodes from data packet reception except the master nodes. We perform extensive simulation and demonstrate that our proposed protocol is delay-tolerant and energy-efficient. We achieve an improvement of 13% on energy tax and 4.8% on Packet Delivery Ratio (PDR), over the state-of-the-art protocol.