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The real difference is the master welcomes failure and learned from it whereas the beginner might find failure to be an actual failure instead of a mere stepping stone towards success. It is impossible to avoid failure but it is possible to make the best out of each failure.
Again, it all depends on the college. Another difference is in the scope of study - a bachelor's degree tends to cover a broad range of topics under a certain field, whereas a master's degree concentrates on narrower subjects. The concepts taught in a master's degree are also more advanced than a bachelor's degree. The third difference lies in the earning potential of the two degrees.