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Postgraduate is defined as a course of study or an academic program that occurs after a college degree has already been obtained. Medical school or law school are examples of programs that would be described as postgraduate programs.
A Ph.D. is often the terminal degree - the highest level of education - that can be achieved in a field of study. For any subject, a Ph.D.-holder is qualified to pursue a career teaching their expertise at the university level. An Ed.D. qualifies its holder to teach, but often takes a more entrepreneurial and technical approach to education.