panic master's noun [C] UK /ˌpæn.ɪk.ˈmɑː.stəz/ US /ˌpæn.ɪk.ˈmæs.tɚz/ a postgraduate degree that someone studies for because they cannot find a job after completing their first degree, rather than because they want to continue their studies Record numbers of students are expected to apply for "panic master's" degrees as a flat jobs market for graduates pushes […]

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