Undergraduate degree
In the United Kingdom, a bachelor's degree is the most common type of "undergraduate degree". Some master's degrees can be undertaken immediately after finishing secondary education; however, these courses are usually extended versions of bachelor's degree programs, taking an additional year to complete. Most bachelor's degrees take three years to complete, with some notable exceptions, such as Medicine taking five years. Often students can initially enroll in a 4-year program then leave after three years and be awarded a bachelor's degree.
Licentiate (degree)
The third cycle was sometimes called postgrado. Note, however, that the label "undergraduate" may be misleading to an anglophone audience, since while a Spanish "Diplomatura" may be likened to an undergraduate Bachelor's degree, a Spanish "Licenciatura" is comparable in scope to a postgraduate Master's degree, as the anglophone distinction between "undergraduate" and "postgraduate" degrees does not properly apply to the traditional higher-education system of Spain. Many Spanish "licenciados", when translating their CVs into English, use the formula BA+MA (or BSc+MSc) to indicate that a "Licenciatura" is equivalent to a master's degree. Depending on the degree and study plan, some Spanish universities require a small thesis or research project to be submitted in the last year before the student can finally claim his or her degree.