An academic degree is an award conferred by a college or university which signifies that the recipient has satisfactorily completed his/her course of study. An academic degree is evidence of achieving a specific knowledge in an institution of higher education. An example of an academic degree is an Associate’s Degree, a Bachelor’s Degree, or a Master’s Degree. A diploma awarded by an institution is an academic degree. An Associate’s Degree is granted by a two-year college on successful completion of the undergraduate course of studies. A Bachelor’s Degree is conferred on a student on successfully completing undergraduate studies. A Master’s Degree is an academic degree higher than a bachelor's degree. A Master’s Degree is lower than a Doctorate degree.