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Note added at 2003-06-03 14:47:39 (GMT)
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Experience - PhD and university studies in Latin America and the United States as well as being a university professor

Oxford Dictionary (Superlex)

In the part referring to educaiton

3 a (Educ) degree course; seguir or hacer una carrera universitaria to do a degree course, to
study for a degree; está haciendo la carrera de Derecho he’s doing a degree in law o a law
degree; tiene la carrera de Físicas she has a degree in physics; cuando termine la carrera
piensa colocarse de profesora when she finishes her studies o degree o when she
graduates she intends to get a job as teacher; dejó la carrera a medias he dropped out
halfway through college (AmE), he dropped out halfway through university o through his
degree course (BrE); muy pocos podían dar carrera a sus hijos very few people could
afford to put their children through college (AmE) o (BrE) university

they are not talking about the degrees themselves but what kind of credentials the personnel has.
or graduate and undergraduate levels.

Our team consists of professionals with an extensive academic backrground in graduate and undergraduate levels.

Hope it helps