<human>:  What are the differences between a Master's and PhD degree?
<bot>: The main difference between a Master's and PhD degree is the amount of time and dedication needed to complete the program. A Master's program typically takes 1-2 years to complete, while PhD programs typically take anywhere from 4-7 years to complete. Additionally, a Master's degree usually requires the completion of a comprehensive project, paper, or thesis, while a PhD requires a dissertation and more rigorous research. Furthermore, Master's degrees are generally considered terminal degrees, while doctoral degrees show a higher level of academic proficiency and may be required for certain jobs, such as a college professor.