After a brief summer hiatus, my Reflections newsletter returns to its monthly format. Look for it in your inbox the final Thursday of each month. In it, I discuss trends in higher education and share resources and information on career & professional development topics relevant for graduate students, postdoctoral scholars, and those who support them.
Ph.D. Employment Trends - Insights from Survey of Doctorate Recipients
This month's blog post focuses on various insights gleaned from the National Science Foundation's 2019 Survey of Doctorate Recipients. The data was released in April 2021 and contains information on what sectors employ Ph.D.s, how many are in faculty positions, as well as salary data.
A scathing Wall Street Journal article on The Elite Master's Degrees That Don't Payoff in addition to the commentary above have called into question the value of some Master's degree programs. Given there is essentially no limit to the amount of Federal student loans that can be taken out for graduate school, there can be massive dislocations between the costs (debt) a graduate student undertakes for their education and ultimately how much they can earn after receiving their degree.
Certainly the return on investment in Master's degree programs will vary by field but also more needs to be known about whether the skills and competencies obtained in these programs helps prepare students for future careers. Some work has been or plans to be conducted to begin addressing these questions.