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Information from the U.S. Bureau of Labor Statistics about the Ph.D. job market: We've reprinted the following highlights to give those of you looking for accredited online phd universities a realistic employment outlook. Beyond supply and demand: Assessing the Ph.D. job market (From the Occupational Outlook Quarterly Online, Winter 2002-03, Vol 46, Number 4)—NUTSHELL: Greg O’Malley got a taste of the job market for Ph.D. graduates when he supervised several of them after earning his bachelor’s degree. "It was incredible to me that they had gone through so many years of rigorous training," says O’Malley of his subordinates at his postbaccalaureate publishing job, "only to be working under someone who’d barely finished his undergrad work." Still, the experience failed to deter him from pursuing a graduate degree of his own: O’Malley currently is enrolled in his second year of the history Ph.D. program at Johns Hopkins University. Click here to go to our Resource Box of places with detailed information about accredited online phd universities The desire for a doctorate outweighs concern about the job market that awaits after graduation. Most Ph.D. candidates are willing to dedicate themselves to intensive research and study because they enjoy the subject matter. Statistics also show other, more tangible payoffs for Ph.D. recipients when they enter the labor force. Unemployment rates are consistently lower and earnings are significantly higher for people with a Ph.D. degree than they are for people with lower levels of educational attainment. In fact, doctoral degree holders in 2001 had an unemployment rate of slightly more than 1 percent and median annual earnings of $66,000 - considerably better than the 3.7-percent unemployment rate and $30,300 median earnings of the population aged 25 and older. Click here to go to our Resource Box of places with detailed information about accredited online phd universities Employment status of people who have received degrees from accredited online phd univerisities (from the U.S. Bureau of Labor):National Science Foundation data show how natural sciences and engineering Ph.D. recipients in some fields fared 1 to 3 years after graduation based on three indicators of the job market for workers with a Ph.D. degree. Although unemployment was low in all the natural sciences and engineering fields surveyed, there was greater variation by field in the proportion of Ph.D. workers who were involuntarily employed outside their field of study and in the proportion citing limited options as the reason for accepting a position. In 1999, physics and astronomy and mathematics Ph.D. recipients had relatively high involuntary out-of-field employment rates 1 to 3 years after graduation; computer science Ph.D. graduates had the lowest. Physics and biological sciences had the greatest proportions who took postdoctoral positions, because they believed other employment was not available. Click here to go to our Resource Box of places with detailed information about accredited online phd universities Other National Science Foundation data show how Ph.D. recipients in some humanities and social sciences fields compared with those in natural sciences and engineering 1 to 3 years after graduation. Political science graduates had relatively high rates of unemployment and involuntary out-of-field employment, perhaps highlighting their lack of nonacademic options. Ph.D. graduates in economics and psychology had rates of involuntary, out-of-field employment that were slightly higher than those of the majority of natural sciences and engineering fields. The unemployment rates of Ph.D. graduates in economics and psychology were comparable with those in natural sciences and engineering fields. Involuntarily accepting employment outside a Ph.D. graduate’s field of expertise may suggest that obtaining employment within the field is difficult. Similarly, the increasing length and prevalence of postdoctoral appointments may also signal an inability of graduates to find other employment. However, both indicators are vulnerable to subjective interpretation. For example, postdoctoral experience may be required in some fields for a jobseeker to qualify for employment, but the jobseeker’s perception might be that he or she is unable to find other employment. Click here to go to our Resource Box of places with detailed information about accredited online phd universities |
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