Graduate students of Peking University still have the opportunity to apply for a master's degree after five years. According to the management measures of the School of Statistics of China Renmin University for inquiring and applying for a master's degree with equivalent academic qualifications, the steps for applying for a master's degree with equivalent academic qualifications are as follows:

1, the applicant provides the corresponding application materials, and the college will send them to the graduate school for material review.

2. The applicant shall identify the qualifications of the personnel with the same educational level and apply for the qualification certificate of the master's degree course examination for the personnel with the same educational level (hereinafter referred to as the examination qualification certificate).

3. The applicant has completed the examination level certification of relevant degree courses within the specified number of years, including the course examination specified in the Course Level Certification Scheme for Applied Specialty and the unified level examination specified by the state.

4. The applicant submits an application for dissertation defense, submits a master's dissertation and completes the dissertation defense within the specified time. Therefore, graduate students of Peking University still have the opportunity to apply for a master's degree after studying for five years.