A First Prize diploma in music (French: Premier Prix) is a high honor Diploma of Musical Studies, typically in performance or composition. It is awarded by European music conservatories and European-styled conservatories elsewhere. A First Prize diploma does not denote first in class, but rather, a very high level of artist proficiency. The typical period of study to earn a First Prize is one to two years. A First Prize diploma is sometimes wrongly described as being similar to a Masters Degree in music performance or composition. As of the mid-1990s, the degree in many European countries has been discontinued.