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A BA or BS is considered an undergraduate degree.

A Masters is considered an advanced degree and generally takes an additional year or more of study to obtain, depending on the required credits for the chosen major.

A bachelors degree is generally 4 or 5 years traditionally. It is awarded when the student has completed the necessary course-work to satisfy the requirements of the degree being pursued. Some math and science degrees for example have more requirements and usually take a little longer to get a bachelors. An individual can enter into graduate school after completing the course work for a bachelors degree provided that he has met the requirements of the college and has been accepted by the department. A masters degree can be 2 or more years of additional study, often with a thesis paper and oral exams at the end. 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. A candidate with a master's degree is likely to earn more for the same job as someone with a bachelor's degree given they have the same amount of experience simply because a person with a graduate degree is believed to be more of an expert in his or her field.

But note In some foreign countries the length of courses is different. In England and Wales a bachelor's degree usually takes three years and most master's degrees a further year. A bachelor's degree is more specialized than in America.

Scotland ceased to award bachelor's degrees about three centuries ago, and all their first-level degrees are called master's degrees. A Scottish master's course takes four years, but it is customary to start it age 17. Within the UK it is reckoned as equivalent to an English or Welsh bachelor's degree.

Note that students from outside the European Union have to pay the full cost of their tuition, which is very high indeed.

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Q: What is the difference between a bachelor's degree and a master's degree?
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