An advanced degree is a postgraduate academic degree that is higher than a bachelor's degree. A DOCTORATE, also known as a PhD, is the highest level of academic degree and requires a minimum of three years of study and research. A master's degree is a postgraduate degree that requires two years of study and research. A BBA, or Bachelor of Business Administration, is an undergraduate degree that focuses on business-related topics. A DLIT, or Doctor of Liberal Arts in Teaching, is a doctoral degree that focuses on teaching and education. A DPhil, or Doctor of Philosophy, is a doctoral degree that focuses on research and scholarship.