The 1992 Masters (officially the 1992 Benson & Hedges Masters) was a professional non-ranking snooker tournament that took place between 2 and 9 February 1992 at the Wembley Conference Centre in London, England.

Stephen Hendry retained his title by beating John Parrott 9–4 in the final.

Players seeded 15 and 16 played in the wild-card round against the winner of the qualifying event, Ken Doherty (ranked 51), and James Wattana (ranked 20), who was the wild-card selection.

Ken Doherty and Tony Jones were making their debuts in the Masters.

In the preliminary round, the wild-card players plays the 15th and 16th seeds:[1][2] [1][2] Ken Doherty won the qualifying tournament, known as the 1991 Benson & Hedges Championship at the time.