"The traditional purpose of a PhD was to provide the training necessary to start on an academic career," says a new discussion paper, The changing PhD, from the Group of Eight universities.
"This is no longer the case and in some countries as few as five percent of PhD graduates find permanent academic positions.
"Another potential career pathway is as a researcher in industry.
"However, many PhD graduates find themselves in non-academic, non-research positions in which they will not use their disciplinary knowledge and skills directly. Read more...