The first one means Master level 1 (Bronze). A Silver one would say level 2 (of the Master tiers).
The second picture of your profile is where you are Bronze level 30 with points in between 8500-9000, at 9000 you would level up to Silver Lv. 1 on your profile page (The side status nav would show a silver badge and Lv. 2(I repeat, Master tier 2). Then in your profile, you would go through the points levels (Silver) 1-30 again and after another 4500 points, reach Master gold at 13500.