What is the difference between a diploma and a degree?

A diploma and a degree are both academic credentials, but they differ in level and duration. A diploma is typically a shorter program, often taking one to two years to complete, and is offered by colleges, vocational schools, or technical institutions. It focuses on practical, job-specific skills in a particular field. A degree is awarded by a college or university and requires more time to complete, usually two years for an associate degree or four years for a bachelor's degree, with graduate degrees taking additional years. Degrees provide broader academic education alongside specialized knowledge. Generally, degrees are considered higher-level credentials than diplomas and may lead to more career opportunities or higher earning potential.