Sarab, there is already a long thread about the tittles in English/Spanish and the differences in countries. I can't remember where it is exactly but there is good information on that.
Anyway, I can tell you that Licenciado is translated depending on the "last name", that is, Licenciado en Educacion...Bachelor of Arts in Education...Licenciado en Literatura.... B.A. in Literature and so on. I reallt suggest you look for the thread, it even has a good link to other forum where the same topic was discused. (I think it's from last week)
I just realized you started that very same thread... there is one more that can help...
http://www.english-spanish-translato...searchid=38888