Whats the difference between College/Bachelor/Masters Degree, PhD (am I missing something?)?
Different countries have reciprocity agreements with each other about education based on the standards that country maintains. Here in the states, what most countries call a college education is equal to our high school education. Some countries where education is more formalize have systems very similar to our (example: Britain) where a college degree is actually a COLLEGE DEGREE. We have two basic levels of education above college here, a masters degree and the doctorate. Traditionally, a masters is for highly trained people in various technical fields while a doctorate is the level of education one has to teach college in that field. For example, a bachelor degree in engineering (there are several different types) is the standard education needed to work in that field here. Someone who heads a department and is highly paid would have a masters in engineering. The people teaching the college and masters level courses, all have doctorates. Also, many fields here are highly regulated.