Graduados (English: The Graduates) is a 2012 Argentine telenovela that was broadcast by Telefe from March 12 to December 19. The plot concerns a group of people who graduated from high school in 1989 and reunite twenty years later. The main character, Andrés Goddzer (Daniel Hendler), discovers that María Laura Falsini (Nancy Dupláa) was pregnant in 1989 and married Pablo Catáneo (Luciano Cáceres), who thought that he was the child's father. The resulting parental dispute, the love triangle of the main characters and 1980s nostalgia are frequent plot elements, and story arcs related to school bullying and LGBT rights are also featured. The frequent flashbacks of the characters to their high-school days use the same actors, playing teenagers.

The series, written by Sebastián Ortega, was produced by Endemol and Underground producciones. Although Andy Kusnetzoff was offered the lead-character role, Hendler was cast when Kusnetzoff turned it down (the latter joined the cast several months later as another character). The telenovela featured cameos and guest appearances by Argentine rock musicians and other celebrities. Graduados was widely successful, prevailing in the ratings over the blockbuster competitive dance program Showmatch and the telenovela Sos mi hombre. Although it received the 2012 Golden Martín Fierro award, seven other Martín Fierro Awards and ten Tato Awards (including Program of the Year), plans for theatrical and film adaptions were abandoned. The telenovela's proposed second season was renamed Viudas e hijos del Rock and Roll, with most of the cast and similar storylines. Local versions of the series have been made in Chile, Colombia, Greece and Serbia.

A group of high-school students graduate in 1989. María Laura Falsini (Nancy Dupláa) is the girlfriend of Pablo Catáneo (Luciano Cáceres), the school bully. When María Laura sees Pablo having sex in the bathroom with another girl during the graduation party, she leaves the party. Andrés Goddzer (Daniel Hendler) accompanies her, and they have sex in his car. María Laura becomes pregnant and her father, Clemente Falsini (Juan Leyrado), owner of Mac Can, a successful dog-food company, orders her to marry Pablo—unaware of her encounter with Andrés.

The first episode then makes an ellipsis from 1989 to 2012. Pablo works for Clemente's company, and Andrés is a slacker without a stable job who works as dog walker. María Laura hires Andrés by chance, and remembers their 1989 encounter; a DNA test confirms that Andrés (not Pablo) is the father of her son, Martín. These events give the series its basic plot: Andrés tries to adjust to his newly discovered paternity, Pablo resents his intrusion, Martín tries to stay on good terms with both of them and María Laura begins a romance with Andrés. Pablo cheats on her with Patricia Longo (Isabel Macedo), Clemente's wife and secretary. She becomes pregnant by Pablo, but claims that Clemente is her son's father.

Andrés' family is Jewish. His parents are Elías (Roberto Carnaghi) and Dana (Mirta Busnelli), and his sister Gabriela (Violeta Urtizberea) works at MAC CAN, and has been unlucky in love. Andrés maintains his friendship with two high-school classmates: Benjamín "Tuca" Pardo (Mex Urtizberea) and Verónica Diorio (Julieta Ortega), who runs a radio station which plays 1980s Argentine rock music. María Laura keeps in touch with her best friend in high school: psychiatrist Victoria Lauría (Paola Barrientos), a single woman looking for a partner with whom to have a surrogate child. Guillermo Almada (Juan Gil Navarro), another classmate, takes a job at Mac Can and comes out during a meeting of the graduates. Clemente's wife Patricia is, unknown to everybody else, another classmate. Obese at school, she lost weight and changed her face and name.

Patricia's secret is slowly revealed to the other characters. Pablo learns her true identity in the series finale, and they stay together. Andrés and Maria Laura leave the city; Victoria has a son with Tuca; Elías and Dana open a knish shop and Gabriela marries her neighbor, Marito (Alan Sabbagh). The series ends with a party hosted by the school for the 1989 graduates, similar to the graduation party in the first episode.

Graduados refers frequently to the 1980s (the decade in which the main characters attended high school), using 1980s Argentine slang and flashbacks to evoke nostalgia. The series uses 1980s music—in particular, Argentine rock—and several Argentine musicians made cameo appearances. Graduados was part of a trend in 2012 Argentine television toward nostalgia. According to Argentine consumer-trends consultant Ximena Díaz Alarcón, "The 80s are nowadays far enough to be idealized and close enough to laugh about the earlier versions of oneself". Psychologist and consumer-trends consultant Mariela Mociulsky also suggested that the show's structure invited viewers to compare their lives with the plans they made when they were younger.

Graduados had scripts written by Ernesto Korovsky, Silvina Frejdkes and Alejandro Quesada. Although it was primarily a comedy, it also had a dramatic approach to LGBT rights and school bullying. In Clarín, Adriana Schettini praised its transitions from dramatic to comic scenes, its acting and scripts and its faithfulness to the characters' profiles.