diploma

1. diploma; degree
   Ima diplomu Ekonomskog fakulteta. — She has a degree from the Faculty of Economics.
   Kad dobiješ diplomu, lakše ćeš naći posao. — Once you get your degree, finding a job will be easier.
2. certificate; award
   Na takmičenju je osvojio diplomu za treće mesto. — He won a certificate for third place at the competition.

'To get a degree' is steći or dobiti diplomu; 'to graduate' is diplomirati.