baccalaureate vs bachelor's degree

baccalaureate and bachelor's degree both are nouns.

Word	Noun	Adjective	Verb	Adverb
baccalaureate	Yes	No	No	No
bachelor's degree	Yes	No	No	No

As nouns, baccalaureate and bachelor's degree are synonyms defined as:

baccalaureate and bachelor's degree: an academic degree conferred on someone who has successfully completed undergraduate studies

baccalaureate (noun)	bachelor's degree (noun)
an academic degree conferred on someone who has successfully completed undergraduate studies	an academic degree conferred on someone who has successfully completed undergraduate studies
a farewell sermon to a graduating class at their commencement ceremonies