If Mario manages to defeat The Master's second form, he will grant him the Fourth-Degree Card and challenge him one final time. He will begin to glow, letting off a yellow aura (while still keeping the appearance of his second form). In this fight, The Master has 99 HP and from 10 - 18 Attack, once again depending on which of his three techniques he utilizes. If he is defeated in this state, he will award Mario the Diploma for defeating him. He will then tell him that he should continue his training on his own, out in the world. Mario cannot fight anyone from the Dojo again after The Master's third form has been defeated.
- The Master is the most difficult enemy in the game; even Bowser is not as strong.
- The Master is akin to Bonetail in the sequel. Both are more powerful than the final boss and it is not necessary to fight them to win the game.
- The Master is the only Toad Mario does battle with in the game.
- Recieving differently-leveled accolades from The Master will gain Mario recognition from different characters in the game.