It didn't, no, but I only gave it one play through on Normal since it wasn't my Wii U. I will buy it if it's released AND has a separate achievement list. It'd be nice if we got something like an avatar picture again for beating MN too. That achievement wasn't enough for suffering through NG3's MN.
After beating Hard (My first playthrough) I had no desire to play through the game again on Master Ninja, let alone Ultimate Ninja. Back in Ninja Gaiden: Black MN mode was actually fun, so I didn't even need a picture or achievement to motivate me to beat it. I'd kinda like to see that return.