(ISCED 7 / Master's or equivalent level): Programmes at ISCED level 7, or Master’s or equivalent level, are often designed to provide participants with advanced academic and/or professional knowledge, skills and competencies, leading to a second degree or equivalent qualification. Programmes at this level may have a substantial research component but do not yet lead to the award of a doctoral qualification. Typically, programmes at this level are theoretically-based but may include practical components and are informed by state of the art research and/or best professional practice. They are traditionally offered by universities and other tertiary educational institutions.
Source: UNESCO UIS 2013, Global
A master craftsman is a higher professional qualification in craft, artistic, technical-commercial, agricultural and other professions.
Source: Wikipedia (German)
(Mismatch): A situation where there is a (qualitative) discrepancy between the qualifications and skills that individuals possess and those that are needed by the labour market.
Source: CEDEFOP 2015, Europe