I never really thought about the term "Master Electrician" having so many different meanings throughout the country. To some, it really doesn't mean much. In other parts of the country, a Master, and a Journeyman are about equal in knoweldge. As I said in my earlier post, others hold Master Electricians in very high esteem.
I think it all comes down to the individual. The person who walks on the job, and can
complete the installation in a timely manner for a fair price (not the cheapest price) will eventually "rise to the top", and be respected in the industry. I think that being respected amoung our peers is far more important that the name stamped on our license.