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A Masters Degree is a postgraduate academic degree awarded by universities or colleges upon completion of a specific course of study. It typically requires one to three years of full-time study and is considered to be a higher level of education than a bachelor's degree. Students pursuing a Masters Degree often specialize in a particular field or subject, conducting advanced research and coursework under the guidance of faculty members. Graduates with a Masters Degree may have enhanced job prospects and opportunities for career advancement in their chosen field.