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What I see missing is the distinction between a PhD and a professional education like medicine or pharmacy. For many science college graduates, getting an MD is a way of attaining a middle to upper middle class lifestyle working as a physician. Medical schools also track the residency placement success of their graduates and as a whole, limit the number of entrants to help maximize their respective placement rates. On the other hand, PhD programs indicate minimal interest in finding employment for their graduates. Instead, they drop them into an endless cycle of postdocs and adjunct professor jobs with a faint hope of finding a full time permanent position down the road. This is clearly a lot more like an art or music program where self-promotion and some luck is needed for any kind of viable career. Unfortunately, what's not happening is that our society/govt isn't acknowledging this parallelism and is continually touting the merits of a science PhD without fully disclosing its ...