That guy sure sounds like a jerk. Maybe you should tell him his not the only one in the world who has a master's, millions have them, and what more, its becoming more and more common now adays anyway.
I have an uncle who has a master's but he's actually very down to earth. Actually, at the point when he got his master's, some 15 or so years ago I guess, it was considered quite a big achievement here, its not like now, where everyone is trying to study for one. Despite this, he was still the same person I knew.
I agree with what silverstein said about having a master's. Its not always a good thing. I have another relative who has one, she's 28 this year, and after doing a tietiary education course, she did her Bachlor's and then master's. She just got out to the work force not too long, and from what I heard, her pay's only around 2000 odd (that's US$1600). And even then, she got this job though connentions. In fact, she happened to be the subordinate of my this other relative, who despite having only a Bacherlor's, earns US$6500, and he's not a lot older than her too. He's in his early 30s now.
I think a master's has it's use, but it would depend on your field of work etc. and if its what you really need. I have one relative who works in the Bio-tech field or something, and her masters seems to be helping her. She's 28 and earns nearly US$4000. Not bad for a single woman. But I think what was important was also that she picked the right field. Over here, this is a field where the prospects is very good now.
I think you all must be wondering how I know the salaries of my relatives
They all have parents who are eager to show off their children's achievements, that's how I came to know about it