Doctoral degrees are an undertaking. A new NSF report indicates the payoff: PhDs in science and engineering make you much more employable than someone without.
The unemployment rate for those in the United States with engineering doctoral degrees was 1.9% in February 2013. That’s less than a third of the 6.3% unemployment rate of the general population 25 years of age and older.
Ph.D. holders in computer and information sciences had similar unemployment rate at 1.8%, while that for mathematicians and statisticians was the lowest of all science and engineering fields at 1.2%.