EPI's weekly illustration of education data trends — December 11, 2014
The following chart from the National Science Foundation's Survey of Earned Doctorates found that less than two-thirds of recent doctoral degree completers had a firm job commitment (62.7 percent). This is hte lowest rate in over two decades, and begs the question: how many Ph.D.s do we need?
EXHIBIT 1. Percentage of recent Ph.D.s who have a job commitment upon their degree completion, 1993 to 2013.
SOURCE: June, Audrey Williams (2014, December 5). Doctoral Degrees Increased Last Year, but Career Opportunities Remained Bleak. The Chronicle of Higher Education. Data from the National Science Foundation's Survey of Earned Doctorates.