The best replacement for graduate degree is graduate certificate.

The best alternatives to graduate degree are rated as following:
★★★★★  graduate certificate
★★★★  masters
★★★★  undergraduate degree
★★★★  undergraduate
★★  certificate
★★  bachelor
★  masters degree
★  associate degree
★  bachelors degree
★  bachelor degree
★  college graduate
★  undergrad
  professional degree
  graduate degree
  bachelor's degree
  master degree

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graduate degree
graduate certificate
masters