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This term, then, encompasses freshmen through senior college students. A graduate degree is any one that occurs beyond the undergraduate degrees, such as Master's and Ph.D. programs as well as some of the others discussed below.
Residency Training Programs. Definition: Postgraduate Year One (PGY-1)2. Postgraduate year one of pharmacy residency training is an organized, directed, accredited program that builds upon knowledge, skills, attitudes, and abilities gained from an accredited professional pharmacy degree program.