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conduct current research in a competitive job market.<br />
This is why one of <strong>the</strong> issues that has been stimulating debate about<br />
PhD education is <strong>the</strong> view that at least in some disciplines universities<br />
are producing too many PhD graduates. In part this view stems from<br />
a recognition that many PhD graduates are unable to find academic<br />
positions and that a high proportion of those that do may find <strong>the</strong>mselves<br />
working in casual or part time appointments. The adage that a research<br />
student is someone who foregoes current income in order to forego future<br />
income can have an element of truth, at least in some disciplines.<br />
Is <strong>the</strong>re a need for<br />
balance between<br />
PhD training and<br />
<strong>the</strong> employment<br />
opportunities that<br />
require a PhD?<br />
Bob Williamson, Science Policy Secretary of <strong>the</strong> Australian Academy of Science, has said that while only<br />
a few years ago PhDs awarded annually numbered a few hundred:<br />
... we now award about 2 500 every year in scientific and medical research. There are still only a small<br />
number of jobs, and many of <strong>the</strong>se are temporary ... <strong>the</strong>re is no guarantee of a future as a research<br />
leader any longer . . . Most new PhDs face many years of insecurity, at just <strong>the</strong> time <strong>the</strong>y are thinking of<br />
settling down ... we must broaden PhD and post-doctoral mentoring and education so that researchers<br />
can move easily into o<strong>the</strong>r rewarding fields such as teaching in schools and industry where PhD skills...<br />
are needed. 65<br />
Concerns about <strong>the</strong> oversupply of PhD graduates exist around <strong>the</strong> world. For example, a recent report<br />
in University World News opened by stating that:<br />
Education Ministry officials have expressed concern over <strong>the</strong> large number of postgraduates in China,<br />
as students with masters and PhD degrees are finding it even harder than graduates with lower degrees<br />
to find employment in a sluggish jobs market.<br />
The report went on to note that <strong>the</strong> employment rate of students with postgraduate degrees leaving<br />
universities in China had been lower than <strong>the</strong> employment rate of undergraduates for <strong>the</strong> three<br />
consecutive years since 2009, and that postgraduate employment rates had been dropping since<br />
2005. 66 This is one reason why China is now putting emphasis on growing <strong>the</strong> number of professional<br />
PhDs and on moving research to industry.<br />
A recent report (Advancing Graduate Education in <strong>the</strong> Chemical Sciences) of <strong>the</strong> American Chemical<br />
Society suggested that:<br />
Departments should give thoughtful attention to maintaining a sustainable relationship between <strong>the</strong><br />
availability of new graduates at all degree levels and genuine opportunities for <strong>the</strong>m. Replication in<br />
excess is wasteful of resources and does injustice to <strong>the</strong> investment made by students and society. 67<br />
A different, contrasting view is that it is important to maintain or grow <strong>the</strong> supply of PhDs because<br />
with <strong>the</strong>ir abilities and training <strong>the</strong>y have <strong>the</strong> potential to create new businesses and new jobs, not<br />
just take up existing opportunities. This raises <strong>the</strong> issue of <strong>the</strong> extent to which PhD training helps (or<br />
should help) to develop entrepreneurial attitudes and skills. A related view is that <strong>the</strong> natural abilities<br />
and training of PhD graduates should make it possible for <strong>the</strong>m to add value beyond what someone<br />
without a PhD would add, even when taking up a position which does not require a PhD. (Most people<br />
who have sat on selection committees will have experienced this argument, whe<strong>the</strong>r put directly or<br />
indirectly).<br />
There is also <strong>the</strong> view that while <strong>the</strong>re are natural caps to <strong>the</strong> number of research students that<br />
65. See 20 June 2012 report at: http://www.<strong>the</strong>-funneled-web.com/<br />
66. http://www.universityworldnews.com/article.php?story=20121025111620913<br />
67. http://portal.acs.org/portal/fileFetch/C/CNBP_031601/pdf/CNBP_031601.pdf<br />
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