Different programs lead to different ends. Some programs grant certificates, others diplomas, others degrees. Here's what they all mean: Certificates and Diplomas - Certificates and Diplomas are granted by colleges and trade schools after completion of a program. Bachelor's Degree - A Bachelor's Degree is given by a university upon completion of a program in one of its faculties. Masters and Doctorate Degrees - Masters and Doctorate degrees are given to those who continue their studies beyond the Bachelor's Degree level.