The best replacement for graduate certificate is masters degree.

The best alternatives to graduate certificate are rated as following:
★★★★★  masters degree
★★★★★  graduate degree
★★★  masters
★★  diploma
★  professional certificate
★  undergraduate certificate
★  bachelors degree
★  postbaccalaureate certificate
★  second masters
  graduate diploma
  master degree
  advanced diploma

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graduate certificate
masters degree
graduate degree